Companhia Energetica de Brasilia (CEB)

active

Companhia Energetica de Brasilia (CEB) is Brasilia's electricity distribution company. The federal district of Brazil sold a 18.37% equity stake of CEB for $73.6 million through an auction on the Rio de Janeiro stock exchange to a group of Brazilian banks including Garantia and Brasdesco in April 1997. The stake sold by the federal district represented 82.4% of its preferred stocks in CEB. After this transaction, the district's holding in CEB was reduced from 79.48% to 61.1%. In September 2014, the state-owned bank BNDES approved a US$ 39.7 million (BRL 93.4 million) loan to the company. No Commit. Inv. in Facilities is tracked because % Private is < 51% Year % Private Inv. in Gov. Assets Commit. Inv. in Facilities 1997 18% 73.6 0 2000 18% 0 42.5 2001 18% 0 32.2 2002 18% 0 22.3 2003 18% 0 29.6 2004 18% 0 18.3 2005 18% 0 50.6 In 2000 the company invested US$ 42.5 million (R$ 82.8 million) and the total electricity consumption was 3,776,800 MWh. In 2001 the Brazilian government implemented the electricity rationing program to overcome the electricity supply crises occurred in Brazil during 2001. As a consequence of this program, the total electricity consumption dropped to 3,314,200 MWh on that year. Along 2001, CEB invested US$ 32.2 million (R$ 71.7 million) and reached the mark of 594,698 consumers unit. In 2002 the company resumed its capex program and invested US$ 22.3 million (R$ 65.1 million). With the end of the electricity rationing program, the total electricity consumption increased to 3,459,800 MWh, still smaller than the pre-2001 levels. By the end of the year the company had 630,414 consumers units.