ENEVA MAKES THE BIGGEST PURCHASE IN ITS HISTORY BY ANNOUNTING THE ACQUISITION OF CELSE FOR BRL 6.7 BILLION

Eneva, an integrated energy company that operates from the exploration and production (E&P) of natural gas to the supply of customized solutions, completed the purchase of Centrais Elétricas de Sergipe Participações (CELSEPAR). Under the agreement negotiated with New Fortress Energy (NFE) and Ebrasil Energia, Eneva acquired 100% of the shares in the Porto de Sergipe plant for R$ 6.7 billion. Located on the coast of Sergipe, in Barra dos Coqueiros, Celse’s thermoelectric plant has a capacity of 1.6 GW and is one of the largest gas plants in operation in Latin America. The plant plays a fundamental role in the energy security of the Northeast of the country, since its capacity is equivalent to 15% of the region’s energy demand. The unit is fully contracted in the regulated environment until December 2044.

“The acquisition of Celse further reinforces Eneva’s performance in the generation of energy using natural gas in the Northeast region, which depends on this source to ensure its electricity supply. With this movement, we will have access to other sources of gas, such as imported LNG, and to the pipeline network that serves the region, even being able to commercialize this gas. In this way, we consolidate increasingly as one of the largest private energy suppliers for the country and as a key player in the Brazilian energy transition”, declared Pedro ZinnerCEO of Eneva.

The operation also represents a fundamental step for the company to have its first gas hub infrastructure, in addition to exploration and generating units, to have a gas pipeline and port that allow the commercialization and flow of the product, which contributes to the expansion of horizons of the company’s business. Eneva also holds the expansion rights for the Sergipe Power Plant, with an additional pipeline of 3.2 GW of projects. The purchase process was supported by Lazard Assessoria Financeira and the consultant Eduardo Antonelloformer CEO of Golar Power, the company that implemented the Celse project.

In August, Eneva had already announced the closing of the acquisition of Termofortaleza, in Ceará, for R$ 531.6 million. Last Friday, Eneva won the 2nd Capacity Reserve Auction for the North Region, reaching 950 MW of installed capacity in what will be the Azulão Complex. With the conclusion of the operation with Celse, in addition to other thermoelectric plants in Roraima, Ceará and Maranhão and a photovoltaic solar park under construction in Bahia, Eneva reaches an installed capacity of approximately 6.2 GW, considering these projects under implementation.

Source: Petro News