CTG Brasil provides 2017 Regulatory Financial Statements of Rio Paraná Energia S.A.

The document of Regulatory Accounting Statements for the fiscal year ending December 31, 2017 of Rio Paraná Energia S.A., one of CTG’s companies in Brazil, is now available for download.
The document was prepared in accordance with the Brazilian corporate law and with the Manual of Accounting of the Electric Sector (MCSE in Portuguese).
The document is avaiable in Portuguese. To access, click here.

CTG Brasil attends FGV event about challenges and perspectives for Brazil

“I am more used to talking about Brazil for Chinese, but today I am going to do the opposite: I am going to talk about China for Brazilians.” That is how Li Yinsheng started his presentation last Wednesday, 6, at the Challenges and Prospects for Brazil, event promoted by the Getúlio Vargas Foundation (FGV).

The CEO of CTG Brasil participated in the debate Structural Bottlenecks: Education, Financing and Infrastructure, and had the opportunity to talk about his insights into infrastructure development in China in the past decades, touching on the interesting potentials that Brazil and China could explore together, under the context of One Belt One Road Initiative, that has been extended to this part of the world.

He was of the opinion that more infrastructures are urgently needed in Brazil, not only to provide the capacity for future growth, but also to increase the interconnectedness within this country, to help people in less developed areas to become more productive workforces.

He also introduced China’s energy sector and shared the challenges facing the sector to be greener and more sustainable. “China’s commitment to Paris Agreement is not only a challenge but also a great opportunity to transform the energy landscape in the country.”

“We need to be attentive to sustainable issues even when we are focused on growing and expanding our business. CTG Brasil carries the sustainability DNA from the roots of both China and Brazil, and we are committed to running a total sustainable business”, he commented.

CTG Brasil presents new Commercial Director

CTG Brasil, one of Brazil’s largest private power generators, announces Vitor Lazzareschi as the company’s new Commercial Director. The executive assumed the position on June 1 and will be responsible for the Marketing and BackOffice teams, focusing on the strategy of working with the Free and Regulated energy markets.

Graduated in Electrical Engineering from Universidade Presbiteriana Mackenzie, Master in Energy from the University of São Paulo, specializing in Government Relations and MBAs in Finance and Executive Management, Lazzareschi also coordinates the Technical Regulation Group of the Brazilian Association of Independent Electric Power Producers (Apine).

He started worked at CTG Brasil as Regulatory Affairs manager, with the acquisition of Rio Paranapanema, position that he occupied since 2013. In this position he was liable for monitoring and internalizing the regulation of the sector. Previously, he held the position of Technical and Economic Advisor to the Board of Directors of CCEE between 2008 and 2010 and worked in ​​energy purchase and sale of CPFL.

Lazzareschi will report to CTG Brasil’s vice president of Generation, Evandro Vasconcelos.

Environmental Benchmarking selects projects of CTG Brasil

One of the most respected sustainability certification in Brazil, Environmental Benchmarking Brazil, nominated two CTG Brasil projects for its 2018 edition. The project “Ecology and Fish Management of Salto Grande Fish Farm”, through which the company produces 3.6 million fingerlings to be released in their restocking actions in the Paraná and Paranapanema rivers, and the “Espaço Legal” campaign, to encourage the environmental regularization of occupations at the borders of HPP reservoirs, will become the largest digital bank of certified sustainability practices with free access in the Internet.

“Benchmarking Brazil brings together more than 200 experts and activists from 25 countries to select good practices, certifying and sharing these cases with the whole society. This certification of sustainability will be another important recognition of our environmental performance, “says the director of Environment, Health and Safety and Quality, Aljan Machado.

In the previous 15 editions, Benchmaking Brazil certified over 400 projects from 192 organizations. In addition to being integrated in the digital bank, the cases were shared in books, magazines and technical events, such as seminars, forums and congresses, reaching more than 80 thousand people.

The nominated projects will go through a process of selection to get the certification of Benchmarking Brazil in terms of sustainability practices. The award event of the 16th edition will take place on June 28 in São Paulo, with the presentation of selected projects and the publication of the 2018 Ranking of the Holders of Best Socio-Environmental Practices in Brazil.

CTG Brasil invests R$ 704 million in the second phase of Jupiá and Ilha Solteira plants modernization

CTG Brasil, one of the main private electricity generators of the country, will invest R$ 704 million in the second phase of the modernization of Jupiá and Ilha Solteira plants, the two largest hydropower plants managed by the company.

The total investment in modernization is R$ 3 billion and the project should last from eight to ten years. It is the largest investment in modernization ever made in Brazilian plants, which reinforces the company’s commitment to the country in the long term.

The modernization objective is to improve the efficiency, reliability and availability of the hydropower plants, which have been operating for more than 40 years. A complete automation system will be implemented, ensuring that Ilha Solteira and Jupiá can continue with a key role in the country’s energy matrix.

“Our main objective is to improve the efficiency of our operation, ensuring the availability required by increasing the reliability of the plants with updated technical solutions,” says Evandro Vasconcelos, generation VP of CTG Brasil.

“We believe that, although efficient, most of the country’s generation assets have space to be modernized, promoting greater efficiency in the sector. As one of the largest generators in the country, CTG knows about its role in this process, working on the modernization of its main assets”, the executive concludes.

The first phase of modernization began in March 2017, with investments of R$ 300 million. In the second phase will be more eight modernized generating units (four in each plant). GE Renewable Energy, WEG and Sepco1 are the companies contracted at this stage of the project, which should be completed in 2021.

GE Renewable Energy will be responsible for the complete modernization of eight generating units and their respective Electrical and Mechanical Auxiliary Systems, including Spillways. This work will be done in partnership with the Chinese Power Construction Corporation and Harbin Electric Machinery Company Limited, which are part of the consortium that GE is a leader.

“We are delighted to contribute to the modernization of two important hydropower plants in Brazil,” says Mauro Cruz, General Manager of GE’s Hydro Solutions in Latin America. “Our solution will help CTG Brasil to increase the lifetime of their plants and optimize their efficiency,” adds Mauro Cruz.

Sepco1 will be responsible for the complete delivery of Automation systems, including the implementation of a new Generation Operations Center (COG) in Ilha Solteira. Weg will supply the Transformers Lifts to UHE Ilha Solteira.
CTG Brasil has a very careful process of hiring suppliers and partners, which follows all Compliance policies. “These companies were selected because of the high quality of services associated with adequate value”, explains Evandro Vasconcelos.

CTG Brasil wins “Deal of the Year” award

The acquisition of Duke Energy assets in Brazil by CTG Brasil was awarded the Cross-Border M&A Deal of the Year for 2017 by Latin Finance magazine. CTG Brasil acquired eight hydropower plants with a total installed capacity of 2,242 MW, located on Paranapanema River, and two small hydropower plants with a total installed capacity of 16 MW each, in Sapucaí-Mirim river, in Sao Paulo state. The value of the business was US$ 1.2 billion.

“We have become a company with assets that are benchmarks in operation, maintenance, sustainability, health and safety, adding even greater value to portfolio.” said, Li Yinsheng, CEO of CTG Brasil. The ceremony took place last night, Jan. 17 in New York.

The award was received by Liu Yujun, vice president of Business Development, who congratulated the CTG teams from Brazil and China, as well as its legal and financial advisors. “Latin Finance award recognized CTG’s capability to manage a complex and large deal in an extraordinary short time of eight months from NDA to signing. This prize reinforces CTG’s resolution in becoming an international first-tier company”, he said.

On the morning of the 17th, Liu Yujun had already participated in a panel discussion with representatives of other companies awarded by Latin Finance, which discussed economic trends, sources and financing structures in Latin America.

Latin Finance’s Deals of the Year Awards is held annually and recognizes the outstanding institutions and transactions in the capital markets of Latin America and the Caribbean. The winners are determined by Latin Finance’s editors based on an exhaustive selection process involving examination of data and in-depth feedback and discussions with market participants.

São Manoel HPP starts test operation

São Manoel HPP was connected to the National Interconnected System (SIN) on Monday night, Dec.5th, when it began the test operation of its first hydroelectric turbine, anticipating the deadline of May 2018 established in the commercialization contracts of electricity in the regulated environment (CCEAR). The work is a partnership among CTG Brasil, EDP Brasil and Furnas Centrais Elétricas.

The project, built on the Teles Pires River, in the state of Mato Grosso with Pará, operates by run-of-river, a configuration in which there is a low reservoir accumulated for energy generation. The works began in September 2014 and, until the third quarter, received investments of R$ 3.3 billion. There will be four generating units with 175 megawatts (MW) of installed capacity each, totaling 700 MW, enough energy to serve a population of about 2.5 million people.

“We continue to work with a schedule of anticipation of other three machines”, says Luiz Otavio Henriques, president of the São Manoel Energy.

It is expected for the next few weeks the Commercial Declaration of Operation (DCO) issued by the National Electric Energy Agency (Aneel), with which the plant will be able to negotiate the energy and strengthen the system. The long-term sales contracts signed when the project was auctioned need to be completed only as of May 2018 and, therefore, the volume produced until this period will be settled in the short-term market or traded in bilateral contracts.

 

CTG Brasil lança posicionamento de marca

A CTG Brasil, segunda maior geradora privada de energia do País, acaba de lançar seu novo posicionamento de marca. A agência MeZA foi responsável pela criação do conceito “Energia que gera Energia”, que representa o primeiro grande movimento de comunicação da empresa desde sua chegada ao Brasil em 2013.

“O novo posicionamento da CTG Brasil traduz a filosofia da empresa que valoriza a troca de experiências entre as pessoas de diversas culturas, como o principal fator que a coloca como a segunda maior geradora de energia do Brasil e com ampla perspectiva de crescimento no país” explica André Machiaverni, sócio e diretor de planejamento da MeZA.

A iniciativa conta histórias reais e coloca como protagonistas pessoas que fazem parte do dia-a-dia da empresa. “O storytelling da campanha foi desenhado para que pudéssemos apresentar a CTG Brasil a partir do olhar de pessoas que se relacionam com ela. São vários pontos de vista que convergem para contar a mesma história” comenta Marcelo Zampini, sócio e diretor criativo da MeZA.

A campanha tem um filme institucional que se desdobra em outros cinco vídeos que revelam a história da marca contada pelos protagonistas da campanha. As peças serão veiculadas nos canais digitais da CTG Brasil, como Youtube, Linkedin, Facebook e demais veículos de mídia on e offline.

“O conceito da campanha Energia que gera energia carrega a essência da CTG Brasil, seus valores e a forma como conduz suas operações. Acreditamos que energia não é apenas o nosso negócio, mas também o que nos impulsiona para continuarmos em constante crescimento. Por isso, trouxemos esse conceito para os nossos materiais”, comenta Salete da Hora, gerente de comunicação da CTG Brasil.

CTG and Itaipu sign partnership in China

China Three Gorges Corporation (CTG), represented by its executive vice president, Lin Chuxue, signed a Memorandum of Understanding with Itaipu, which was represented by its Brazilian director general, Luiz Fernando Leone Vianna, on September 2nd, in Beijing, China. The partnership aims to establish a cooperation agreement between the two companies for joint research and development activities in the fields of energy, sustainable development and promotion of hydropower as a clean and renewable energy source.

CTG and Itaipu will first elaborate a specific project to then define a work plan with goals to be achieved, timeline, methodologies and the respective responsibilities of both companies.

As part of the cooperation agreement, the companies plan joint technical seminars; sectoral technical seminar; an exchange program for young engineers between the Itaipu and Three Gorges hydropower plants; research scholarships for Chinese, Brazilian and Paraguayan researchers in projects of interest to the sector; the creation and strengthening of centres or technology parks linked to the two hydropower plants and cooperation in social responsibility and regional development projects.

Cooperation between CTG and Itaipu began even before the construction of the Three Gorges hydropower plant in China, more than 20 years ago, Chinese engineers involved in the project came to Brazil to learn from the Brazilians and the Itaipu plant.

Rio Paranapanema awarded 2017 Transparency Trophy

Rio Paranapanema Energia S.A, one of CTG Group’s companies in Brazil, is among the winners of the 21st Transparency Trophies which honor organizations with the most transparent financial statements in the Brazilian market. The award ceremony, to be held in October in São Paulo, will recognize Rio Paranapanema in the “Companies with net revenue of up to R$5 billion” category.

“It is an honor to be a recipient of the Transparency Trophy,” said Li Yisheng, CEO of CTG Brasil. “This recognition confirms the commitment of our team to the quality of our financial statements, creating value for our internal public as well as for our shareholders and investors.”

Considered the “Oscar of Brazilian Accounting”, the award was created in 1997 and is an initiative by the National Association of Executives in Finance, Administration and Accounting (ANEFAC) in partnership with the Accounting, Actuarial and Financial Research Foundation (FIPECAFI) and Serasa Experian.

Twenty-five companies were selected based on the quality and level of information contained in their financial statements and explanatory notes, the transparency of the information provided and the clarity of the Management Report and its consistency with the information disclosed.