Companhia de Eletricidade de Nova Friburgo (CENF)

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CENF is the electricity concessionaire of the city of Nova Friburgo. Its activities include the generation, transmission and distribution of electricity to residential and industrial users. In June 1997, 69.8% of CENF's shares were acquired by Companhia Forca e Luz Cataguases-Leopoldina, which paid US$ 52. 2 million for this controlling stake. The city of Nova Friburgo has a population of 190,000, and, in 1999, CENF distributed electricity to 67,600 customers. CENF has a generating capacity of 42 GW per hour. In 2008, Companhia Forca e Luz Cataguases-Leopoldina was renamed Grupo Energisa because of the regulatory decision that a single company cannot operate in the different segments of the energy market. Grupo Energisa's ownership structure is the following: Gipar S.A. (65.8%), Gaster Participações S/A (22.3%), Eletrobras (1.2%), Itacatu S.A. (5.9%), BNDES (0.7%) and other small shareholders (4.1%). The project company's name was also changed to Energisa Nova Friburgo - Distribuidora de Energia S/A. As of December 2009, the project company was wholly-owned subsidiary of Grupo Energisa. In June 2014, the state-owned bank BNDES approved a US$ 2.8 million (BRL 6.5 million) loan to the company. In 2001 after investing US$ 2.5 million (R$ 5.6 million) the company reached the mark of 74,878 consumers units by the end of the year. The total electricity consumption in 2001 was 263,000 MWh.