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Companhia Paraibana de Gas

Sector: Commercial • Location: Brazil

Source: World Bank Group

Project
Active

Pbgas is the natural distribution utility of Paraiba state. It is a joint-venture of Enron's subsidiary Gaspart (41.5%), the state-owned Petrobras' subsidiary Gaspetro, and the government of Paraiba. The company started its commercial operations in 1995, and currently serves industrial and residential customers. Its distribution network is 32-KM long, but the company intends to expand it by an add

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The project “Companhia Paraibana de Gas” is an infrastructure initiative in the Commercial sector, located in Brazil. Taiyo aggregates data on it from World Bank Group.

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Participants

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Company

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Status

Original status

Active

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Description

Description

Pbgas is the natural distribution utility of Paraiba state. It is a joint-venture of Enron's subsidiary Gaspart (41.5%), the state-owned Petrobras' subsidiary Gaspetro, and the government of Paraiba. The company started its commercial operations in 1995, and currently serves industrial and residential customers. Its distribution network is 32-KM long, but the company intends to expand it by an addition 20 KM. As of 2005, Enron was in the midst of liquidating its operations and distributing its assets to its creditors. The Brazilian subsidiary of the Japanese giant Mitsui concluded in May 2006 the acquisition of Gaspart from the Enron group, by US$250 million. In 2016, Mitsui acquired a 49% stake of Gaspetro, increasing its share in the project company to 61.8%.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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