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.

CTG Brasil’s R&D project receives awards at CITENEL 2017

A prototype unmanned aerial vehicle (VANT or drone) for the remote monitoring of hydropower plant reservoirs created by CTG Brasil won two important awards at the IXth Congress of Technological Innovation in Electric Energy (CITENEL), which took place from August 2 to August 4 in João Pessoa (State of Paraíba).

Developed by CTG Brasil’s Research and Development (R&D) and Environment and Heritage departments, in partnership with the Federal University of Juiz de Fora (UFJF) and the Foundation for Support and Development for Teaching, Research and Extension (FADEPE), the project was elected the “Best Product on Display” and “Best Technical Work in Research and Development”.

Promoted by the National Electric Energy Agency (ANEEL), CITENEL is the biggest event for energy companies such as CTG Brasil to display their technological innovations. It was the first time that CTG Brasil participated in the event.

A major highlight of the project was the development of a product with domestic technology, making its acquisition and maintenance more economically advantageous for Brazil’s hydropower generators. The drones can facilitate the environmental and asset monitoring of the reservoirs. Among the differentiating aspects of the prototype being developed by CTG Brasil and its partners is the ability to perform landings autonomously, even on moving targets. In addition, this VANT is hybrid (with combustion and electric engines combined) that provides extensive flying time and remarkable load capacity.

“In addition to great pride, receiving this recognition the first time we participate in CITENEL is a confirmation that our R&D projects are on the right track and can benefit the country’s energy sector. As we are developing a product with national content, we will also help encourage other industries”, says Ivan Toyama, CTG Brasil’s real estate deputy manager.

With a budget of R$ 1.6 million, the project is currently being finalized. It is expected that the VANT will begin operating in monitoring activities on the edges of reservoirs from 2018.

CTG Brasil presented three other R&D projects during the event: “Cost-Benefit Evaluation of Socio-Environmental Programs in the Surrounding Areas of Hydro Power Plants”; “Controlling infestations by golden mussels via genetic silencing” and “Development of solar photovoltaic concentrators”.

CTG Brasil presents R&D projects at the IXth Congress of Technological Innovation in Electric Energy, in João Pessoa (State of Paraiba)

CTG Brasil will present four Research and Development projects at the IXth Congress of Technological Innovation in Electric Energy (CITENEL), which will take place from August 2 to August 4 in João Pessoa (State of Paraiba). Promoted by ANEEL, CITENEL is the biggest event for energy companies such as CTG Brasil to disclose their technological innovations.

This is the first time that CTG Brasil participates in the event, as a diamond sponsor. At its stand, the company, which is Brazil’s second largest private energy generator, will also present a bit of its history and investments in the country. “CITENEL is a great opportunity to share our research and development strategy, focused on technological innovation in the sector, in addition to identifying new opportunities for strategic partnerships,” said Carlos Nascimento, R&D manager at CTG Brasil.

Among the projects that the company will present at the event is the VANT – an unmanned aircraft for the remote monitoring of preservation areas surrounding hydropower plant reservoirs. There will be a demonstration of prototypes, developed in partnership with students and professors of the Federal University of Juiz de Fora.

The “Cost-Benefit Evaluation of Socio-Environmental Programs in the Surrounding Areas of Hydro Power Plants” project is an econometric analysis methodology to evaluate whether or not resources allocated to an initiative can be justified by its results and impacts in a more tangible way. This project is one of the highlights of the event and will be presented orally and published in the proceedings of the event.

The theme of CITENEL’s 2017 edition is “Innovation and Integration: Local Responses to Global Challenges”. In addition to the technical sessions, there will be panels with national and international experts, who will discuss strategic themes for innovation and competitiveness of the Brazilian electric sector.

Two other projects are included in CTG Brasil’s portfolio at CITENEL. One of them is “Controlling infestations by golden mussels via genetic silencing”, which is aimed at using synthetic biology to eradicate the golden mussel by acting on its reproductive capacity.

The fourth project is “Development of solar photovoltaic concentrators”, which has been developed in partnership with researchers from the University of Uberlândia. It is aimed at developing cutting-edge national technologies in order to make them economically viable in Brazil, so that photovoltaic plants can be added to the energy potential of hydroelectric power plants. Nascimento added: “The event is a unique moment to have exchanges on different experiences and discussions on current regulation”.

Event information:
IXth Congress of Technological Innovation in Electric Energy (CITENEL)
Date: August 2-4
Venue: João Pessoa Convention Center, in João Pessoa (PB)

CTG Brasil announces the Public Qualification result – 2nd Batch Modernization Projects of Brazilian Ilha Solteira and Jupiá HPPs

CTG Brasil held a prequalification process for companies interested in participating in the second batch of the Jupiá and Ilha Solteira Hydropower plants modernization project.

The result has just been published. Click here to access the list of the applicants per package qualified.

CTG Brasil completes one year as operator of the Ilha Solteira and Jupiá power plants

CTG Brasil celebrates in July its first year as operator of the Ilha Solteira and Jupiá hydropower plants on the Paraná River, on the border of the states of São Paulo and Mato Grosso do Sul. Regarding this period, Li Yinsheng, CEO of CTG Brasil, highlights the company’s commitment to good relations with the surrounding community through social and environmental projects and initiatives targeted at these communities.

During this first year of operations, the company, which during the transition period saw 84% of the former concessionaire’s employees accept CTG Brasil’s job offers, implemented a management model focused on the development of people and the nurturing of local talents.

Another relevant point, according to the company’s chief executive, is the plan to modernize the two power plants, which will receive investments of around R$ 3 billion. Initially, four of the 34 generating units will be modernized – two from Jupiá and two from Ilha Solteira -, with completion expected in 15 months.

CTG Brasil intends to modernize all generating units in the next 10 years, ensuring that Ilha Solteira and Jupiá maintain their leading role in the Brazilian energy matrix. “Jupiá and Ilha Solteira are landmark projects in the Brazilian energy generation market. This modernization plan reinforces our long-term commitment to the country and to the quality and reliability of our assets”, said Li Yinsheng.


In this first year, CTG Brasil filed with IBAMA its Basic Environmental Plan (PBA), which contains legal obligations foreseen in the licensing and includes all socio-environmental programs to be implemented at the plants. While awaiting approval, the company has been carrying out socio-environmental actions with the community, especially with public school students.

CTG Brasil also relaunched the Ecotime program, which brings together employees in multidisciplinary teams with the goal of promoting voluntary initiatives and environmental education for both employees and the community. Among these actions are book donations, environmental education classes, selective garbage collection, cooking oil and electronics for recycling collection.

In addition to the environmental education programs, the Jupiá and Ilha Solteira plants are committed to monitoring the resrvoir’s water quality and releasing more than 2.1 million fish fingerlings per year in its reservoirs, an action to be carried out after authorization from IBAMA. The production of these fish fingerlings will take place in the fish farm of the Salto Grande plant, located on the Paranapanema River, in partnership with Rio Paranapanema Energia, a subsidiary of the CTG Group in Brazil.

Another of CTG Brasil’s commitments is the correct destination of all the waste generated in Jupiá and Ilha Solteira to specialized companies, for treatment. Recyclable waste is sent to cooperatives and recyclers.

The company has also worked intensively with the users of the banks of the reservoirs, doing surveys in the field, promoting respect for limits and regularizing the uses and occupations of their areas, with a special focus on the environmental preservation of the permanent preservation areas (APP).

CTG Brasil provides 2016 Regulatory Financial Statements of Rio Paraná Energia S.A.


The document of Regulatory Accounting Statements for the fiscal year ending December 31, 2016 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 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.

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.

CTG purchases Duke Energy´s Brazilian business

China Three Gorges Corporation (CTG) through its subsidiaries CTG International and CTG Brasil announced today it has reached an agreement to purchase 100% of Duke Energy assets in Brazil. CTG Corporation will acquire Duke Energy’s assets in Brazil for US$1.2 billion enterprise value.

With this acquisition, CTG strengthens its Brazilian subsidiary, as a top-tier clean energy generator in Brazil.  After the acquisition is complete, CTG Brasil will increase its clean energy generation portfolio by 2.27 GW, reaching a total of 8.27 GW of capacity under its management and on proportional equity holdings.

“This transaction is another important step in our strategy to become a relevant clean energy company in Brazil. We are pleased with the quality of assets, which are being operated in harmony with local communities and the environment,” says Li Yinsheng, CEO of CTG Brasil.

Duke Energy Brazil owns 2,274 MW of power generation facilities. It has eight hydroelectric plants with 2,257 MW of capacity located on the border between the states of Sao Paulo and Parana and owns two small hydroelectric plants, each with a capacity of 17 MW, located on the Sapucai Mirim River in northern Sao Paulo State.

The completion of the transaction is conditioned on approvals in Brazil from ANEEL and CADE (Conselho Administrativo de Defesa Economica), the required approvals by Chinese authorities, as well as other conditions precedent customary to this type of transaction.

CTG´s financial advisor is Bank of America Merrill Lynch and its legal advisors are White & Case LLP and TozziniFreire Advogados.

CTG Brasil takes over the operation of the Ilha Solteira and Jupiá hydropower plants

CTG Brasil today took over the operation of the Ilha Solteira and Jupiá hydropower plants, both located on Paraná River, on the border between the States of Mato Grosso do Sul and São Paulo. The company acquired both concessions in an auction organized by the Brazilian government in November 2015, with an award payment of R$ 13.8 Bn.

The acquisition of the Ilha Solteira and Jupiá hydropower plants, which have a combined installed capacity of 5 GW, makes CTG Brasil the second largest private energy generation company in Brazil, with an installed capacity of 6 GW. The company entered the Brazilian market in 2013 with the aim of combining Brazil’s and China’s expertise to generate green energy solutions.

On June 30, Rio Paraná, a 100% subsidiary of CTG Brasil, which owns the Ilha Solteira and Jupiá hydropower plants, paid the remaining 35% of the concession’s value. The first tranche of R$ 9 Bn was paid in January this year. The award payment was made through a combination of equity and debt.

CTG Brasil’s teams in Ilha Solteira and Jupiá will be mostly formed by professionals who have worked in these plants, which were previously operated by Companhia Energética de São Paulo (CESP). CTG Brasil has made its best efforts to hire the employees of both hydropower plants, presenting job offers to everyone. So far, 84% of the plants employees have accepted to join CTG Brasil’s team.

During the transition period, CTG Brasil identified areas requiring investments in operational improvements and outlined social and environmental programs involving the surrounding communities. In addition to complying with all the applicable laws and regulations, the company intends to build a close relationship with the communities around the plants.

“We are very happy that we have successfully completed the six-month transition period and are proud to be assuming the operations of two landmark projects in the Brazilian energy generation market,” commented Li Yinsheng, CEO of CTG Brasil. “The talent of our teams will help CTG Brasil become a relevant player in Brazil’s energy market, generating green energy solutions for the future”.

China Three Gorges

China Three Gorges Corporation (CTG) is a clean energy group focused on large-scale hydropower development and operation. CTG is also engaged in renewable energy businesses including wind and solar power.

Present in 40 countries, CTG is the world´s largest producer of hydroelectric power with an installed capacity of about 100 GW, both under operation and construction.

In 2015, CTG produced 200.98 TWh of electricity and posted operating revenues of US$ 10.12 billion and net income of US$ 4.63.

CTG began as the company responsible for building and operating the world´s largest hydropower plant: the Three Gorges and other large plants in the Yangtze River, China.

CTG Brasil

China Three Gorges Corporation has chosen Brazil as a priority country in its international growth strategy. Since it arrived in the country, in 2013, it formed strategic alliances with recognized industry players with strong local presence.

To grow sustainably, CTG Brasil has steadily increased its investments to become an ever-more relevant clean energy company. It currently is the second largest private power company in the country, with installed capacity of 6 GW.

The company relies on the dedication of its local teams and is guided by its long-term commitment to contribute to the Brazilian energy matrix, acting in a socially responsible manner and and respecting the environment.