Chavantes HPP

CTG Group completes the acquisition of Duke Energy assets in Brazil

China Three Gorges Corporation (CTG), through CTG International, CTG Brasil and other relevant subsidiaries, completed today the acquisition of Duke Energy’s assets in Brazil, which was announced in October. Through the transaction, whose enterprise value is US$ 1.2 billion, CTG Brasil increases its installed capacity to 8.27 GW under its management and in proportional equity holdings.

The assets include eight hydropower plants with a total installed capacity of 2,242 MW, located on the Paranapanema River, and two small hydropower plants with a total installed capacity of 16 MW each, located on the Sapucaí-Mirim River, in the state of São Paulo.

“We are ending 2016 on a very positive note,” said Li Yinsheng, CEO of CTG Brasil. “The acquisition of Duke Energy’s assets adds to our portfolio and makes us an even stronger company in Brazil, a country in which we believe and chose to invest with a long-term vision. These assets are a benchmark in terms of operations, maintenance, sustainability, health and safety”, said Li Yinsheng.

With the acquisition of these assets, CTG will strive to combine within CTG Brasil the best practices of the hydroelectric industry from Brazil, the US and China.

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CTG Brasil sponsors Phototruck project

In times of immediate clicks and “selfies” on social networks, the ImageMagica organization takes photo workshops to public institutions as a way of reflecting the world around them.

This year, the organization travels Brazil with PhotoTruck, a tailor-made truck for ImageMagica’s educational activities. The mobile unit allows the development of workshops, from photo booth to optical toys.

With the sponsorship of CTG Brasil, the second largest private power generator in Brazil, the project visits Abdon Batista (SC), Cerro Negro (SC), Castilho (SP), Ilha Solteira (SP), Três Lagoas (MS), Selvíria (MS), Caçu (GO) and Itarumã (GO). Altogether, more than 8 public institutions will be attended, involving approximately 2,500 students in educational activities. The sponsorship was done via Rouanet law.

In each municipality, PhotoTruck will visit a public school, where it will hold two days of workshops with more than 250 students.

The main activity involves producing a photo and a message to the world. The images will be made with the Camino mobile application, also developed exclusively by ImageMagica. At the end of the two workshop days, the images produced will be printed and will be part of a large  exhibition on the walls of the schools, involving everyone in this artistic action.

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CTG Brasil’s first energy sales auction was successfully conducted

CTG Brasil’s first auction in the country for the commercialization of part of the energy produced at the Jupiá e Ilha Solteira plants was successfully conducted on March 1, 2016.

As expected, there was interest from the main players in the energy market, confirming that the acquisition was an important step in CTG Brasil´s plans to become a significant company in the Brazilian clean energy market. CTG Brasil met the desired sales volumes for this auction.

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CTG Brasil promotes auction to sell energy

On March 1st, CTG Brasil will promote its first energy auction in Brazil to sell the energy produced in Jupiá and Ilha Solteira Hydropower Plants.

For more details, in Portuguese, click here.