NOTE 22 - FINANCING AND LOANS
22.1 - Global Reversal Reserve (RGR)
The Company was responsible for the management of sector resources from the Global Reversal Reserve — RGR and others. In compliance with the Law no. 13,360/2016, governed by the Decree no. 9,022/2017, and with the Order from Agência Nacional de Energia Elétrica — ANEEL no. 1,079, from April 18, 2017, the responsibility for the estimate, management and movement of these Sector Funds was transferred to the Câmara de Comercialização de Energia Elétrica — CCEE, since May 1, 2017 (See Note 1).
The Company was authorized to withdraw resources from the RGR, applying them in the granting of funding earmarked for expansion of the Brazilian electric sector, improvement of the service and in the accomplishment of Federal Government programs.
Eletrobras will pay back the resources withdrawn from the RGR and used in granting loans to companies of the Brazilian electric sector, with interest of 5% per annum. In December 31, 2017, the balance of resources taken from the Fund totalizes R$ 7,420,021 (R$ 6,647,839 as of December 31, 2016), included under the item Financing and Loans.
The resources that make up the RGR Fund are not part of these statements, as it is a separate entity from the Company.
22.2 — Composition of loans and financing:
Debts are guaranteed by the Federal Government and/or Eletrobras and are subject to charges, with average rate in 2017 of 7.94% per year (9.65% per year in 2016).
|
|
|
12/31/2017 |
|
||||||
|
|
|
DEBT CHARGES |
|
PRINCIPAL |
|
||||
|
|
|
CURRENT |
|
|
|
NON |
|
||
|
|
|
Average Rate |
|
Value |
|
CURRENT |
|
CURRENT |
|
|
Financial institutions |
|
|
|
|
|
|
|
|
|
|
Foreign Currency |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Inter-American Development Bank - IADB |
|
4.98 |
% |
686 |
|
55,746 |
|
324,638 |
|
|
Corporación Andino de Fomento - CAF |
|
3.61 |
% |
3,216 |
|
121,992 |
|
243,984 |
|
|
Kreditanstalt fur Wiederaufbau - KFW |
|
2.47 |
% |
17 |
|
11,329 |
|
218,798 |
|
|
Eximbank |
|
2.00 |
% |
152 |
|
32,256 |
|
— |
|
|
BNP Paribas |
|
2.18 |
% |
310 |
|
116,194 |
|
348,580 |
|
|
BIRD 7884 |
|
2.35 |
% |
4,543 |
|
130,219 |
|
521,219 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,925 |
|
467,736 |
|
1,657,219 |
|
|
Bonus |
|
|
|
|
|
|
|
|
|
|
Due 07/30/2019 |
|
6.88 |
% |
111,190 |
|
— |
|
3,308,000 |
|
|
Due 10/27/2021 |
|
5.75 |
% |
68,687 |
|
— |
|
5,789,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
179,877 |
|
— |
|
9,097,000 |
|
|
Other |
|
|
|
|
|
|
|
|
|
|
MORGAN |
|
|
|
— |
|
— |
|
— |
|
|
LLOYDS |
|
|
|
— |
|
— |
|
1,573 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
— |
|
— |
|
1,573 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
188,801 |
|
467,736 |
|
10,755,792 |
|
|
|
|
|
|
|
|
|
|
|
|
|
National Currency |
|
|
|
|
|
|
|
|
|
|
Global Reversal Reserve |
|
9.40 |
% |
— |
|
— |
|
7,420,021 |
|
|
FIDC |
|
CDI + 2 |
% |
1,421 |
|
— |
|
664,980 |
|
|
Banco do Brasil |
|
8.82 |
% |
25,560 |
|
1,644,455 |
|
3,514,081 |
|
|
Caixa Econômica Federal |
|
8.82 |
% |
116,653 |
|
1,693,531 |
|
7,510,100 |
|
|
BNDES |
|
9.5 |
% |
301,461 |
|
932,038 |
|
7,504,657 |
|
|
Banco da Amazônia |
|
125% of CDI |
|
11,124 |
|
127,271 |
|
427,643 |
|
|
Santander |
|
CDI + 2.5 |
% |
109 |
|
25,590 |
|
124,410 |
|
|
State Grid |
|
IPCA |
|
14,203 |
|
— |
|
687,857 |
|
|
Other Financial Institutions |
|
|
|
12,084 |
|
324,104 |
|
626,109 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
482,615 |
|
4,746,989 |
|
28,479,858 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
671,416 |
|
5,214,725 |
|
39,235,650 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12/31/2016 |
|
|||||||
|
|
|
DEBT CHARGES |
|
PRINCIPAL |
|
||||
|
|
|
CURRENT |
|
|
|
NON |
|
||
|
|
|
Average Rate |
|
Value |
|
CURRENT |
|
CURRENT |
|
|
Financial institutions |
|
|
|
|
|
|
|
|
|
|
Foreign Currency |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Inter-American Development Bank - IADB |
|
4.40 |
% |
1,382 |
|
85,242 |
|
374,763 |
|
|
Corporación Andino de Fomento - CAF |
|
2.31 |
% |
4,607 |
|
469,378 |
|
360,566 |
|
|
Kreditanstalt fur Wiederaufbau - KFW |
|
2.73 |
% |
15 |
|
4,349 |
|
199,347 |
|
|
Eximbank |
|
2.00 |
% |
433 |
|
61,287 |
|
30,633 |
|
|
BNP Paribas |
|
1.17 |
% |
362 |
|
114,476 |
|
457,904 |
|
|
Other |
|
|
|
5,119 |
|
128,296 |
|
641,808 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,918 |
|
863,028 |
|
2,065,021 |
|
|
Bonus |
|
|
|
|
|
|
|
|
|
|
Due 07/30/2019 |
|
6.87 |
% |
109,546 |
|
— |
|
3,259,100 |
|
|
Due 10/27/2021 |
|
5.75 |
% |
67,672 |
|
— |
|
5,703,425 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
177,218 |
|
— |
|
8,962,525 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
— |
|
— |
|
12,145 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
189,136 |
|
863,028 |
|
11,039,691 |
|
|
|
|
|
|
|
|
|
|
|
|
|
National Currency |
|
|
|
|
|
|
|
|
|
|
Global Reversal Reserve |
|
|
|
— |
|
— |
|
6,647,839 |
|
|
Banco do Brasil |
|
|
|
69,704 |
|
900,478 |
|
2,138,476 |
|
|
Caixa Econômica Federal |
|
|
|
112,956 |
|
1,088,475 |
|
9,230,810 |
|
|
BNDES |
|
|
|
595,993 |
|
1,160,612 |
|
8,890,627 |
|
|
Banco da Amazônia |
|
|
|
16,289 |
|
226,500 |
|
404,998 |
|
|
Promissory Notes |
|
|
|
35,310 |
|
250,000 |
|
— |
|
|
Santander |
|
|
|
— |
|
177,311 |
|
354,622 |
|
|
State Grid |
|
|
|
— |
|
— |
|
318,471 |
|
|
Other Financial Institutions |
|
|
|
22,119 |
|
125,636 |
|
761,347 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
852,371 |
|
3,929,012 |
|
28,747,190 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,041,507 |
|
4,792,040 |
|
39,786,881 |
|
|
|
|
|
|
|
|
|
|
|
|
22.3 - Movements of loans and financing:
|
Loans and Financing |
|
12/31/2016 |
|
Raising / Cost |
|
Interest, |
|
Costs incurred |
|
Interest Paid |
|
Amortization of |
|
Transfers |
|
Classification |
|
12/31/2017 |
|
|
Foreign Currency Financial Institutions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial institutions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IADB |
|
461,387 |
|
— |
|
14,168 |
|
— |
|
(11,195 |
) |
(83,289 |
) |
— |
|
— |
|
381,070 |
|
|
Corporación Andino de Fomento - CAF |
|
834,550 |
|
— |
|
34,871 |
|
— |
|
(25,263 |
) |
(474,965 |
) |
— |
|
— |
|
369,193 |
|
|
Kreditanstalt fur Wiederaufbau - KFW |
|
203,712 |
|
— |
|
37,537 |
|
— |
|
(6,167 |
) |
(4,938 |
) |
— |
|
— |
|
230,144 |
|
|
Eximbank |
|
92,353 |
|
— |
|
3,540 |
|
— |
|
(1,561 |
) |
(61,924 |
) |
— |
|
— |
|
32,408 |
|
|
BNP Paribas |
|
572,741 |
|
— |
|
19,493 |
|
— |
|
(11,795 |
) |
(115,356 |
) |
— |
|
— |
|
465,084 |
|
|
Other |
|
775,220 |
|
— |
|
19,831 |
|
— |
|
(16,420 |
) |
(122,649 |
) |
— |
|
— |
|
655,981 |
|
|
Bonus |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Due 07/30/2019 |
|
3,368,646 |
|
— |
|
301,087 |
|
— |
|
(250,544 |
) |
— |
|
— |
|
— |
|
3,419,190 |
|
|
Due 10/27/2021 |
|
5,771,097 |
|
— |
|
449,300 |
|
— |
|
(362,709 |
) |
— |
|
— |
|
— |
|
5,857,687 |
|
|
Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MORGAN |
|
10,846 |
|
— |
|
163 |
|
— |
|
— |
|
— |
|
— |
|
(11,009 |
) |
— |
|
|
LLOYDS |
|
1,299 |
|
— |
|
274 |
|
— |
|
— |
|
— |
|
— |
|
— |
|
1,573 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,091,850 |
|
— |
|
880,264 |
|
— |
|
(685,654 |
) |
(863,121 |
) |
— |
|
(11,009 |
) |
11,412,330 |
|
|
National Currency |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial institutions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Global Reversal Reserve |
|
6,647,839 |
|
2,080,931 |
|
625,933 |
|
— |
|
(185,152 |
) |
(1,098,083 |
) |
— |
|
(651,446 |
) |
7,420,021 |
|
|
BNDES |
|
9,016,040 |
|
1,229,527 |
|
774,014 |
|
(41,346 |
) |
(1,131,942 |
) |
(1,189,144 |
) |
78,331 |
|
— |
|
8,735,480 |
|
|
Banco do Brasil |
|
5,943,566 |
|
85,000 |
|
628,275 |
|
— |
|
(670,817 |
) |
(801,929 |
) |
— |
|
— |
|
5,184,096 |
|
|
Banco do Nordeste do Brasil |
|
215,837 |
|
— |
|
14,672 |
|
— |
|
(13,677 |
) |
(45,759 |
) |
— |
|
— |
|
171,073 |
|
|
BRDE |
|
180,826 |
|
124,902 |
|
17,590 |
|
(18,935 |
) |
(138,935 |
) |
(21,021 |
) |
9,115 |
|
— |
|
153,542 |
|
|
Caixa Econômica Federal |
|
9,228,525 |
|
857,999 |
|
954,561 |
|
— |
|
(763,449 |
) |
(911,853 |
) |
— |
|
(45,499 |
) |
9,320,284 |
|
|
Santander |
|
— |
|
150,000 |
|
9,324 |
|
— |
|
(9,215 |
) |
— |
|
— |
|
— |
|
150,109 |
|
|
BASA |
|
647,787 |
|
— |
|
43,346 |
|
— |
|
(48,626 |
) |
(76,469 |
) |
— |
|
— |
|
566,038 |
|
|
FINEP |
|
161,362 |
|
— |
|
7,049 |
|
— |
|
(6,138 |
) |
(23,367 |
) |
— |
|
— |
|
138,906 |
|
|
Banco ABC - 30MM |
|
30,040 |
|
— |
|
3,896 |
|
— |
|
(3,904 |
) |
— |
|
— |
|
— |
|
30,032 |
|
|
BBM |
|
— |
|
100,000 |
|
5,736 |
|
— |
|
(5,663 |
) |
— |
|
— |
|
— |
|
100,073 |
|
|
IBM |
|
2,246 |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
2,246 |
|
|
Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Promissory notes |
|
285,310 |
|
690,000 |
|
4,441 |
|
(25,020 |
) |
(39,751 |
) |
(250,000 |
) |
— |
|
— |
|
664,980 |
|
|
FIDC |
|
— |
|
— |
|
72,580 |
|
— |
|
(71,159 |
) |
— |
|
— |
|
— |
|
1,421 |
|
|
Credit Assignment - Santander |
|
531,933 |
|
19,304 |
|
— |
|
— |
|
— |
|
(182,137 |
) |
— |
|
— |
|
369,100 |
|
|
State Grid |
|
637,266 |
|
30,314 |
|
34,480 |
|
— |
|
— |
|
— |
|
— |
|
— |
|
702,060 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
33,528,578 |
|
5,367,977 |
|
3,195,897 |
|
(85,301 |
) |
(3,088,429 |
) |
(4,599,762 |
) |
87,446 |
|
(696,945 |
) |
33,709,461 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
|
45,620,428 |
|
5,367,977 |
|
4,076,161 |
|
(85,301 |
) |
(3,774,082 |
) |
(5,462,883 |
) |
87,446 |
|
(707,954 |
) |
45,121,791 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and Financing |
|
12/31/2015 |
|
Raising / |
|
Interest, Monetary |
|
Costs |
|
Interest Paid |
|
Amortization of |
|
Transfers |
|
12/31/2016 |
|
|
Foreign Currency Financial Institutions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial institutions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BID |
|
655,467 |
|
— |
|
(89,169 |
) |
— |
|
(15,423 |
) |
(89,489 |
) |
— |
|
461,386 |
|
|
Corporación Andino de Fomento - CAF |
|
1,563,208 |
|
— |
|
(185,683 |
) |
— |
|
(36,922 |
) |
(506,053 |
) |
— |
|
834,550 |
|
|
Kreditanstalt fur Wiederaufbau - KFW |
|
251,819 |
|
— |
|
(42,195 |
) |
— |
|
(5,913 |
) |
— |
|
— |
|
203,711 |
|
|
Eximbank |
|
178,794 |
|
— |
|
(12,565 |
) |
— |
|
(3,204 |
) |
(70,671 |
) |
— |
|
92,353 |
|
|
BNP Paribas |
|
822,368 |
|
— |
|
(120,778 |
) |
— |
|
(11,042 |
) |
(117,807 |
) |
— |
|
572,741 |
|
|
Other |
|
888,020 |
|
169,670 |
|
(125,836 |
) |
— |
|
(16,713 |
) |
(124,132 |
) |
— |
|
791,009 |
|
|
Bonus |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Due 07/30/2019 |
|
4,019,639 |
|
— |
|
(362,233 |
) |
— |
|
(288,759 |
) |
— |
|
— |
|
3,368,646 |
|
|
Due 10/27/2021 |
|
6,904,345 |
|
— |
|
(747,288 |
) |
— |
|
(385,960 |
) |
— |
|
— |
|
5,771,097 |
|
|
Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CAJUBI - Foundation Prev. ITAIPU PY |
|
1,856 |
|
— |
|
(557 |
) |
— |
|
— |
|
— |
|
— |
|
1,299 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,285,515 |
|
169,670 |
|
(1,686,305 |
) |
— |
|
(763,935 |
) |
(908,153 |
) |
— |
|
12,096,793 |
|
|
National Currency |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial institutions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Global Reversal Reserve |
|
6,439,374 |
|
1,007,112 |
|
220,421 |
|
— |
|
(138,869 |
) |
(880,198 |
) |
— |
|
6,647,840 |
|
|
BNDES |
|
10,414,453 |
|
763,893 |
|
909,748 |
|
— |
|
(521,381 |
) |
(1,263,755 |
) |
344,276 |
|
10,647,233 |
|
|
Banco do Brasil |
|
3,606,127 |
|
— |
|
928,556 |
|
— |
|
(882,116 |
) |
(443,066 |
) |
(100,843 |
) |
3,108,658 |
|
|
Banco do Nordeste do Brasil |
|
264,992 |
|
— |
|
18,168 |
|
— |
|
(4,837 |
) |
(62,486 |
) |
— |
|
215,837 |
|
|
BRDE |
|
39,098 |
|
146,961 |
|
17,616 |
|
— |
|
(10,468 |
) |
(16,877 |
) |
1 |
|
176,331 |
|
|
Caixa Econômica Federal |
|
8,500,730 |
|
2,208,000 |
|
1,033,036 |
|
— |
|
(801,655 |
) |
(264,434 |
) |
(243,435 |
) |
10,432,242 |
|
|
BASA |
|
658,033 |
|
10,020 |
|
49,703 |
|
— |
|
(47,873 |
) |
(17,030 |
) |
(5,069 |
) |
647,784 |
|
|
FINEP |
|
163,880 |
|
— |
|
8,050 |
|
— |
|
(6,689 |
) |
(3,879 |
) |
— |
|
161,362 |
|
|
Banco ABC - 30MM |
|
— |
|
30,000 |
|
290 |
|
— |
|
(250 |
) |
— |
|
— |
|
30,040 |
|
|
Other |
|
1,026,058 |
|
572,887 |
|
132,071 |
|
— |
|
(14,920 |
) |
(259,789 |
) |
|
|
1,456,307 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
31,112,745 |
|
4,738,873 |
|
3,317,659 |
|
— |
|
(2,429,058 |
) |
(3,211,514 |
) |
(5,070 |
) |
33,523,635 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
|
46,398,260 |
|
4,908,543 |
|
1,631,354 |
|
— |
|
(3,192,992 |
) |
(4,119,667 |
) |
(5,070 |
) |
45,620,428 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12/31/2014 |
|
Raising / Cost |
|
Interest, Monetary |
|
Classification - |
|
Interest Paid |
|
Amortization of |
|
Transfers |
|
12/31/2015 |
|
|
|
Foreign Currency Financial Institutions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial institutions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BID |
|
505,840 |
|
— |
|
244,731 |
|
— |
|
(14,781 |
) |
(80,323 |
) |
— |
|
655,467 |
|
|
Corporación Andino de Fomento - CAF |
|
1,831,686 |
|
— |
|
706,607 |
|
— |
|
(47,226 |
) |
(927,860 |
) |
— |
|
1,563,208 |
|
|
Kreditanstalt fur Wiederaufbau - KFW |
|
191,187 |
|
— |
|
66,922 |
|
— |
|
(6,290 |
) |
— |
|
— |
|
251,820 |
|
|
Eximbank |
|
171,586 |
|
— |
|
76,236 |
|
— |
|
(4,196 |
) |
(64,832 |
) |
— |
|
178,794 |
|
|
BNP Paribas |
|
682,422 |
|
— |
|
311,730 |
|
— |
|
(10,394 |
) |
(161,390 |
) |
— |
|
822,368 |
|
|
Other |
|
1,046,251 |
|
179,372 |
|
954,369 |
|
(30,326 |
) |
(101,917 |
) |
(1,157,670 |
) |
(2,057 |
) |
888,022 |
|
|
Bonus |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
— |
|
|
Due 07/30/2019 |
|
2,745,481 |
|
— |
|
1,520,654 |
|
— |
|
(246,496 |
) |
— |
|
— |
|
4,019,639 |
|
|
Due 10/27/2021 |
|
4,703,503 |
|
— |
|
2,610,305 |
|
— |
|
(409,465 |
) |
— |
|
— |
|
6,904,344 |
|
|
Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
— |
|
|
CAJUBI - Foundation Prev. ITAIPU PY |
|
1,263 |
|
— |
|
593 |
|
|
|
|
|
|
|
|
|
1,856 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,879,220 |
|
179,372 |
|
6,492,147 |
|
(30,326 |
) |
(840,764 |
) |
(2,392,075 |
) |
(2,057 |
) |
15,285,517 |
|
|
National Currency |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial institutions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Global Reversal Reserve |
|
7,421,796 |
|
800,654 |
|
360,808 |
|
— |
|
185,152 |
|
(2,329,038 |
) |
— |
|
6,439,373 |
|
|
BNDES |
|
7,617,942 |
|
1,184,770 |
|
1,315,183 |
|
— |
|
(378,723 |
) |
(846,861 |
) |
1,522,141 |
|
10,414,452 |
|
|
Banco do Brasil |
|
5,308,481 |
|
763,068 |
|
900,238 |
|
(3,503 |
) |
(884,031 |
) |
(207,373 |
) |
(2,270,751 |
) |
3,606,128 |
|
|
Banco do Nordeste do Brasil |
|
314,190 |
|
— |
|
21,641 |
|
— |
|
(21,476 |
) |
(49,361 |
) |
(2 |
) |
264,992 |
|
|
BRDE |
|
45,733 |
|
— |
|
8,691 |
|
— |
|
(4,277 |
) |
(11,051 |
) |
2 |
|
39,098 |
|
|
Caixa Econômica Federal |
|
5,080,211 |
|
3,018,404 |
|
844,747 |
|
— |
|
(670,695 |
) |
(1,130,461 |
) |
1,358,525 |
|
8,500,730 |
|
|
BASA |
|
473,982 |
|
— |
|
53,978 |
|
— |
|
(44,741 |
) |
(16,072 |
) |
190,886 |
|
658,033 |
|
|
FINEP |
|
851,328 |
|
— |
|
7,078 |
|
— |
|
(6,705 |
) |
(3,621 |
) |
(684,200 |
) |
163,880 |
|
|
Other |
|
546,243 |
|
1,229,397 |
|
75,751 |
|
(547,506 |
) |
(159,078 |
) |
(4,209 |
) |
(114,542 |
) |
1,026,057 |
|
|
Notas promissórias |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
— |
|
|
FIDC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
— |
|
|
Credit Assignment - Santander |
|
— |
|
750,000 |
|
57,201 |
|
— |
|
(158,171 |
) |
— |
|
— |
|
649,030 |
|
|
State Grid |
|
— |
|
271,656 |
|
6,943 |
|
— |
|
— |
|
— |
|
— |
|
278,599 |
|
|
Other |
|
550,806 |
|
207,741 |
|
11,607 |
|
(547,506 |
) |
(907 |
) |
(4,209 |
) |
(116,933 |
) |
100,600 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
27,659,905 |
|
6,996,293 |
|
3,588,115 |
|
(551,009 |
) |
(1,984,574 |
) |
(4,598,047 |
) |
2,059 |
|
31,112,743 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
|
39,539,125 |
|
7,175,665 |
|
10,080,262 |
|
(581,335 |
) |
(2,825,338 |
) |
(6,990,122 |
) |
2 |
|
46,398,260 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsidiary Eletronuclear
On June 28, 2013, a contract was signed between the subsidiary Eletronuclear and Caixa Econômica Federal (CEF) in the sum of R$ 3,800,000, for financing of some of the Angra 3 ventures. The term of the agreement is 25 years, starting from the date of its signing, with an interest rate of 6.5% p.a. On March 21 of 2016 a second request for disbursement was made to CEF, for R$ 478,000.
A decision by the board of the Banco Nacional de Desenvolvimento Econômico e Social - BNDES, on July 12, 2016, authorized renegotiation of the debt of contract no. 10.2.2032.1, signed between the BNDES and this subsidiary on February 23, 2011, suspending the beginning of payment of the principal on the debt and partially suspending the payment of interest determined monthly. In relation to debt charges, the payment of 70% of the interest was suspended for the period of July 15, 2016, to February 15, 2017. During this period, 30% of the interest amount determined would be settled financially, and the remainder would be capitalized into the balance owing. Starting on March 15, 2017, the subsidiary started to pay the full value of charges determined monthly.
On March 8, 2017, BNDES authorized a new renegotiation of the debt related to the Financing Agreement No. 10.2.2032.1, for the construction of the Angra 3 project. Under the terms approved, it was defined: I) the extension, until September 15, of the suspension of the main payment and 70% of the interest calculated monthly, regardless of the conclusion of the contract additive, keeping the unpaid interest capitalization; II) the maintenance of the main payment suspension from October 15, 2017 to January 15, 2018, conditioned by proof to BNDES by September 15, 2017: a) the favorable pronouncement of the Conselho Nacional de Política Energética (CNPE) regarding the feasibility of the project implementation continuity; b) the validity of the contract for the execution of civil works with Andrade Gutierrez or the publication of the bidding notice for civil works services to complete the project; and c) the publication of bidding notices for electromechanical assembly services of the project; and III) the incorporation into the debit balance of the contract Number 10.2.2032.1, referring to the value of the Renegotiation Commission, equivalent to 0.5% (five tenths) on the renegotiated total debt balance, plus IOF, in the form of Subcredit D.
On October 16, 2017, ELETRONUCLEAR began amortizing the principal debt and started to pay 100% of the charges of Subcredits A and B related to contract No. 10.2.2032.1, concluded with Banco Nacional de Desenvolvimento Econômico e Social — BNDES, for investments in the development of Angra 3.
Subsidiary Furnas
During fiscal 2016, the 1st and 4th disbursements for the contract of the subsidiary Furnas were released by BNDES, totaling R$ 232,799; release of the 6th to 14th disbursements in the Loan Agreement with State Grid Brazil Holding totaling R$ 158,872; release of the financing of the subsidiary Furnas with Caixa Econômica Federal (FINISA) in the value of R$ 1,130,000; and the renegotiation of the installments for April, May, June and July of 2016 in principal and charges for loans and financing from Eletrobras (ECF and ECR), in November of 2016, in the value of R$ 194,950.
Loans were granted from Santander Bank in the amount of R$ 150,000 and from BBM Bank in the amount of R$ 100,000. There was an increase to the debt balance of the Credit Assignment from Santander Bank in the amount of R$ 19,303 referring to the readjustment of the Extended National Consumer Price Index (IPCA) applied in May and the release of a loan made by the subsidiary Transenergia Goiás SA from BBM Bank in the amount of R$ 11,000.
Subsidiary Eletronorte
On January 12, 2017, the Management of the subsidiary Eletronorte approved, on January 12, 2017, a loan in the value of R$ 500,000 from Caixa Econômica Federal through Bank Credit Note (CCB), with the approval of Eletrobras, to strengthen the cash flow of the subsidiary. The credit line will be made available as funding is required.
Subsidiary Eletrosul
The subsidiary Eletrosul structured credit operations through the issuance of quotas of the Infinity DI (FIDC Infinity DI) Credit Receivables Fund in the amount of R$ 690,000 backed by receivables from the ANEEL Transmission Concession Agreement Number 057/2001, with the objective of raising funds for the Company’s investment plan, reimbursement of expenses, expenses or debts related to its investment projects, as well as the early redemption of all Promissory Notes of Eletrosul’s 2nd issue, due on March 2, 2017, in the total amount of R$ 289,751. Eletrosul’s Board of Directors approved the terms of the transaction on June 21, 2016 and its liquidation occurred on January 24, 2017.
FIDC Details:
|
· |
Date of release: 01/24/2017; |
|
· |
Amortization period: 60 months; |
|
· |
Grace period for the principal debt: 24 months; |
|
· |
Amortization of the principal debt: customized, as of the 24th month; |
|
· |
Amortization of the interest: monthly. |
The loans obtained by the subsidiaries from the Câmara de Comercialização de Energia Elétrica - CCEE with RGR funds were made in compliance with ANEEL Circular Number 1,079 due to the non-extension of the concession in order to ensure the adequate provision of services until there is a bidding process and assumption by a new concessionaire, with a grace period of 12 (twelve) months and amortization in 36 monthly installments after the end of the grace period, with management fee of 0.5% per year pro rata temporis on the debit balance, payable on the 30th day of each month and with the interest equivalent to 111% (one hundred and eleven percent) of the SELIC rate, published by BACEN, calculated pro rata temporis on the debit balance, incorporated during the grace period.
22.4 — Composition of financing and loans (by currency):
|
|
|
12/31/2017 |
|
12/31/2016 |
|
||||
|
|
|
Balance in |
|
|
|
Balance in |
|
|
|
|
INDEX |
|
thousands of reais |
|
% |
|
thousands of reais |
|
% |
|
|
Foreign currency |
|
|
|
|
|
|
|
|
|
|
USD not indexed |
|
9,307,980 |
|
21 |
% |
9,242,584 |
|
20 |
% |
|
USD with LIBOR |
|
1,840,224 |
|
4 |
% |
2,551,902 |
|
6 |
% |
|
EURO |
|
230,144 |
|
1 |
% |
203,712 |
|
0 |
% |
|
IENE |
|
32,408 |
|
— |
|
92,353 |
|
— |
|
|
Other |
|
1,574 |
|
— |
|
1,304 |
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal |
|
11,412,331 |
|
25 |
% |
12,091,855 |
|
27 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
National currency |
|
|
|
|
|
|
|
|
|
|
CDI (Interbank Deposit Certificate) |
|
12,159,697 |
|
27 |
% |
12,701,548 |
|
28 |
% |
|
IPCA (consumer price index) |
|
369,100 |
|
0 |
% |
531,933 |
|
1 |
% |
|
TJLP (long-term interest rate) |
|
6,809,224 |
|
15 |
% |
10,063,827 |
|
22 |
% |
|
SELIC (Special Settlement and Custody System) |
|
1,782,785 |
|
4 |
% |
1,675,353 |
|
4 |
% |
|
Other |
|
4,154,293 |
|
9 |
% |
1,359,417 |
|
3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal |
|
25,275,099 |
|
56 |
% |
26,332,078 |
|
58 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Not Indexed |
|
8,434,363 |
|
19 |
% |
7,196,495 |
|
16 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
45,121,793 |
|
100 |
% |
45,620,428 |
|
100 |
% |
|
|
|
|
|
|
|
|
|
|
|
The long-term portion of financing and loans have their maturity scheduled as follows:
|
|
|
2019 |
|
2020 |
|
2021 |
|
2022 |
|
2023 |
|
After 2023 |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,546,527 |
|
8,234,480 |
|
4,191,258 |
|
9,194,882 |
|
3,165,340 |
|
9,903,162 |
|
39,235,650 |
|
22.5 — Commercial financial leasing operation:
The nominal value used in the calculation of the assets and liabilities originated by these contracts was found by reference to the contracted monthly contracted power, multiplied by the installed capacity (60 to 65 MW*) and by the number of months of validity of the contract.
The reconciliation of the total of future minimum payments on financial leases of the Company and its present value is demonstrated in the table below:
|
|
12/31/2017 |
|
12/31/2016 |
|
|
|
|
|
|
|
|
|
|
Less than one year |
|
209,226 |
|
212,698 |
|
|
More than one year and less than five years |
|
836,902 |
|
836,902 |
|
|
More than five years |
|
505,629 |
|
714,854 |
|
|
Charges for future financing on financial leases |
|
(473,937 |
) |
(594,950 |
) |
|
|
|
|
|
|
|
|
Total minimum financial lease payments |
|
1,077,820 |
|
1,169,504 |
|
|
|
|
|
|
|
|
|
Less than one year |
|
145,324 |
|
136,662 |
|
|
More than one year and less than five years |
|
581,295 |
|
558,094 |
|
|
More than five years |
|
351,201 |
|
474,748 |
|
|
|
|
|
|
|
|
|
Present payment value |
|
1,077,820 |
|
1,169,504 |
|
|
|
|
|
|
|
|
22.6 - Reconciliation of assets and liabilities to cash flows arising from financing activities
|
|
|
Loans and |
|
Dividends / |
|
Debentures |
|
Other |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Variations in financing cash flows |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and financing |
|
3,120,690 |
|
— |
|
— |
|
— |
|
3,120,690 |
|
|
Payment of loans and financing - principal |
|
(5,646,953 |
) |
— |
|
— |
|
— |
|
(5,646,953 |
) |
|
Payment of compensation to shareholders |
|
— |
|
(381,436 |
) |
— |
|
|
|
(381,436 |
) |
|
RGR resources for onlending |
|
— |
|
— |
|
— |
|
800,654 |
|
800,654 |
|
|
Others |
|
— |
|
— |
|
154,025 |
|
11,639 |
|
165,664 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total changes in cash flows from financing activities |
|
(2,526,263 |
) |
(381,436 |
) |
154,025 |
|
812,293 |
|
(1,941,381 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Variations arising from the acquisition or loss of control of subsidiaries or other businesses |
|
— |
|
— |
|
— |
|
(50,307 |
) |
(50,307 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of December 31, 2017 |
|
(2,526,263 |
) |
(381,436 |
) |
154,025 |
|
761,986 |
|
(1,991,688 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
22.7 — GUARANTEES
The Company participates in the capacity of an intervening guarantor for several companies whose secured amounts, projections and amounts already paid are shown in the following tables:
|
|
Project |
|
Financing Bank |
|
Method |
|
Shareholding of |
|
Value of |
|
Outstanding |
|
Balance of the |
|
Guarantee End Date |
|
|
|
Eletrobras |
|
Norte Energia |
|
BNDES |
|
SPE |
|
15.00 |
% |
2,025,000 |
|
2,400,896 |
|
24,009 |
|
01/15/2042 |
|
|
Eletrobras |
|
Norte Energia |
|
CEF |
|
SPE |
|
15.00 |
% |
1,050,000 |
|
1,312,337 |
|
13,123 |
|
01/15/2042 |
|
|
Eletrobras |
|
Norte Energia |
|
BTG Pactual |
|
SPE |
|
15.00 |
% |
300,000 |
|
374,953 |
|
3,750 |
|
01/15/2042 |
|
|
Eletrobras |
|
Norte Energia |
|
Guarantee of Faithful Fulfillment of the Contract |
|
SPE |
|
15.00 |
% |
39,225 |
|
23,835 |
|
238 |
|
04/30/2019 |
|
|
Eletrobras |
|
Rouar |
|
CAF |
|
SPE |
|
50.00 |
% |
30,938 |
|
32,311 |
|
323 |
|
09/30/2018 |
|
|
Eletrobras |
|
Mangue Seco 2 |
|
BNB |
|
SPE |
|
49.00 |
% |
40,951 |
|
34,769 |
|
348 |
|
10/14/2031 |
|
|
Eletrobras |
|
Santa Vitória do Palmar Holding S.A. |
|
BNDES |
|
SPE |
|
49.00 |
% |
197,950 |
|
201,411 |
|
2,014 |
|
06/16/2031 |
|
|
Eletrobras |
|
Santa Vitória do Palmar Holding S.A. |
|
BRDE |
|
SPE |
|
49.00 |
% |
98,000 |
|
101,351 |
|
1,014 |
|
06/16/2031 |
|
|
Eletrobras |
|
Santa Vitória do Palmar Holding S.A. |
|
Issue of Debentures |
|
SPE |
|
49.00 |
% |
44,100 |
|
57,757 |
|
578 |
|
06/15/2028 |
|
|
Eletrobras |
|
Eólica Hermenegildo I S/A |
|
BNDES |
|
SPE |
|
99.99 |
% |
109,566 |
|
104,995 |
|
1,050 |
|
06/15/2032 |
|
|
Eletrobras |
|
Eólica Hermenegildo I S/A |
|
BRDE |
|
SPE |
|
99.99 |
% |
47,764 |
|
46,013 |
|
460 |
|
06/15/2032 |
|
|
Eletrobras |
|
Eólica Hermenegildo II S/A |
|
BNDES |
|
SPE |
|
99.99 |
% |
109,590 |
|
105,018 |
|
1,050 |
|
06/15/2032 |
|
|
Eletrobras |
|
Eólica Hermenegildo II S/A |
|
BRDE |
|
SPE |
|
99.99 |
% |
47,775 |
|
46,023 |
|
460 |
|
06/15/2032 |
|
|
Eletrobras |
|
Eólica Hermenegildo III S/A |
|
BNDES |
|
SPE |
|
99.99 |
% |
93,367 |
|
89,472 |
|
895 |
|
06/15/2032 |
|
|
Eletrobras |
|
Eólica Hermenegildo III S/A |
|
BRDE |
|
SPE |
|
99.99 |
% |
40,703 |
|
39,210 |
|
392 |
|
06/15/2032 |
|
|
Eletrobras |
|
Eólica Chuí IX S/A |
|
BNDES |
|
SPE |
|
99.99 |
% |
31,561 |
|
30,244 |
|
302 |
|
06/15/2032 |
|
|
Eletrobras |
|
Eólica Chuí IX S/A |
|
BRDE |
|
SPE |
|
99.99 |
% |
13,758 |
|
13,254 |
|
133 |
|
06/15/2032 |
|
|
Eletrosul |
|
ESBR |
|
BNDES |
|
SPE |
|
20.00 |
% |
727,000 |
|
881,525 |
|
8,815 |
|
01/15/2034 |
|
|
Eletrosul |
|
ESBR |
|
BNDES |
|
SPE |
|
20.00 |
% |
232,500 |
|
238,775 |
|
2,388 |
|
01/15/2035 |
|
|
Eletrosul |
|
ESBR |
|
BNDES - TRANSFER |
|
SPE |
|
20.00 |
% |
717,000 |
|
864,743 |
|
8,647 |
|
01/15/2034 |
|
|
Eletrosul |
|
ESBR |
|
BNDES - TRANSFER |
|
SPE |
|
20.00 |
% |
232,500 |
|
236,695 |
|
2,367 |
|
01/15/2035 |
|
|
Eletrosul |
|
Cerro Chato I, II and III |
|
Banco do Brasil |
|
Corporate |
|
100.00 |
% |
223,419 |
|
72,319 |
|
723 |
|
07/15/2020 |
|
|
Eletrosul |
|
RS Energia |
|
BNDES |
|
Corporate |
|
100.00 |
% |
126,221 |
|
42,621 |
|
426 |
|
06/15/2021 |
|
|
Eletrosul |
|
Artemis Transmissora de Energia |
|
BNDES |
|
Corporate |
|
100.00 |
% |
170,029 |
|
11,549 |
|
115 |
|
10/15/2018 |
|
|
Eletrosul |
|
HPP Mauá |
|
BNDES |
|
Corporate |
|
100.00 |
% |
182,417 |
|
127,376 |
|
1,274 |
|
01/15/2028 |
|
|
Eletrosul |
|
HPP Mauá |
|
BNDES/Banco do Brasil |
|
Corporate |
|
100.00 |
% |
182,417 |
|
127,393 |
|
1,274 |
|
01/15/2028 |
|
|
Eletrosul |
|
HPP Passo de São João |
|
BNDES |
|
Corporate |
|
100.00 |
% |
183,330 |
|
115,734 |
|
1,157 |
|
07/15/2026 |
|
|
Eletrosul |
|
SC Energia |
|
BNDES/Banco do Brasil |
|
Corporate |
|
100.00 |
% |
50,000 |
|
6,966 |
|
70 |
|
05/15/2019 |
|
|
Eletrosul |
|
SC Energia |
|
BNDES/BDRE |
|
Corporate |
|
100.00 |
% |
50,000 |
|
6,948 |
|
69 |
|
05/15/2019 |
|
|
Eletrosul |
|
SC Energia |
|
BNDES |
|
Corporate |
|
100.00 |
% |
103,180 |
|
13,970 |
|
140 |
|
05/15/2019 |
|
|
Eletrosul |
|
SC Energia |
|
BNDES |
|
Corporate |
|
100.00 |
% |
67,017 |
|
19,007 |
|
190 |
|
03/15/2021 |
|
|
Eletrosul |
|
HPP São Domingos |
|
BNDES |
|
Corporate |
|
100.00 |
% |
207,000 |
|
159,969 |
|
1,600 |
|
06/15/2028 |
|
|
Eletrosul |
|
RS Energia |
|
BNDES |
|
Corporate |
|
100.00 |
% |
41,898 |
|
28,576 |
|
286 |
|
03/15/2027 |
|
|
Eletrosul |
|
RS Energia |
|
BNDES |
|
Corporate |
|
100.00 |
% |
9,413 |
|
7,026 |
|
70 |
|
08/15/2027 |
|
|
Eletrosul |
|
RS Energia |
|
BNDES |
|
Corporate |
|
100.00 |
% |
12,000 |
|
7,274 |
|
73 |
|
08/15/2027 |
|
|
Eletrosul |
|
HPP Passo de São João |
|
BNDES |
|
Corporate |
|
100.00 |
% |
14,750 |
|
9,565 |
|
96 |
|
07/15/2026 |
|
|
Eletrosul |
|
Corporate Projects of Eletrosul |
|
Banco do Brasil |
|
Corporate |
|
100.00 |
% |
250,000 |
|
167,123 |
|
1,671 |
|
11/15/2023 |
|
|
Eletrosul |
|
Teles Pires |
|
BNDES |
|
SPE |
|
24.72 |
% |
296,940 |
|
327,604 |
|
3,276 |
|
02/15/2036 |
|
|
Eletrosul |
|
Teles Pires |
|
BNDES/Banco do Brasil |
|
SPE |
|
24.72 |
% |
294,000 |
|
325,559 |
|
3,256 |
|
02/15/2036 |
|
|
Eletrosul |
|
Teles Pires |
|
Issue of Debentures |
|
SPE |
|
24.72 |
% |
160,680 |
|
182,006 |
|
1,820 |
|
05/30/2032 |
|
|
Eletrosul |
|
Livramento Holding |
|
BNDES |
|
SPE |
|
78.00 |
% |
29,255 |
|
20,782 |
|
208 |
|
06/15/2030 |
|
|
Eletrosul |
|
Transmissora Sul Brasileira de Energia S.A. |
|
BNDES |
|
SPE |
|
80.00 |
% |
209,974 |
|
166,641 |
|
1,666 |
|
07/15/2028 |
|
|
Eletrosul |
|
Transmissora Sul Brasileira de Energia S.A. |
|
Issue of Debentures |
|
SPE |
|
80.00 |
% |
62,040 |
|
88,393 |
|
884 |
|
09/15/2026 |
|
|
Eletrosul |
|
Complexo São Bernardo |
|
KfW |
|
Corporate |
|
100.00 |
% |
29,854 |
|
52,766 |
|
528 |
|
12/30/2038 |
|
|
Eletrosul |
|
Complexo São Bernardo |
|
KfW |
|
Corporate |
|
100.00 |
% |
136,064 |
|
177,361 |
|
1,774 |
|
12/30/2042 |
|
|
Eletrosul |
|
Complexo Eólico Livramento - Entorno II |
|
CEF |
|
Corporate |
|
100.00 |
% |
200,000 |
|
207,595 |
|
2,076 |
|
02/07/2018 |
|
|
Eletrosul |
|
Corporate Projects of Eletrosul 3 |
|
FIDC DI |
|
Corporate |
|
100.00 |
% |
690,000 |
|
691,421 |
|
6,914 |
|
01/20/2022 |
|
|
Eletronorte |
|
São Luis II and III |
|
BNDES |
|
Corporate |
|
100.00 |
% |
13,653 |
|
6,968 |
|
70 |
|
11/15/2024 |
|
|
Eletronorte |
|
Miranda II |
|
BNDES |
|
Corporate |
|
100.00 |
% |
47,531 |
|
16,383 |
|
164 |
|
11/15/2024 |
|
|
Eletronorte |
|
Ribeiro Gonç./Balsas |
|
BNB |
|
Corporate |
|
100.00 |
% |
70,000 |
|
53,399 |
|
534 |
|
06/03/2031 |
|
|
Eletronorte |
|
Lechuga/J. Teixeira |
|
BASA |
|
Corporate |
|
100.00 |
% |
25,720 |
|
18,237 |
|
182 |
|
01/10/2029 |
|
|
Eletronorte |
|
Substation Nobres |
|
BNDES |
|
Corporate |
|
100.00 |
% |
10,000 |
|
5,837 |
|
58 |
|
03/15/2028 |
|
|
Eletronorte |
|
Substation Miramar/Tucuruí |
|
BNDES |
|
Corporate |
|
100.00 |
% |
31,000 |
|
19,497 |
|
195 |
|
08/15/2028 |
|
|
Eletronorte |
|
Expansion of Substation Lechuga |
|
BNDES |
|
Corporate |
|
100.00 |
% |
35,011 |
|
22,512 |
|
225 |
|
10/15/2028 |
|
|
Eletronorte |
|
Norte Brasil Transmissora |
|
BNDES |
|
SPE |
|
49.00 |
% |
514,500 |
|
427,812 |
|
4,278 |
|
12/15/2029 |
|
|
Eletronorte |
|
Norte Brasil Transmissora |
|
Issue of Debentures |
|
SPE |
|
49.00 |
% |
98,000 |
|
143,150 |
|
1,431 |
|
09/15/2026 |
|
|
Eletronorte |
|
Linha Verde Transmissora |
|
BASA |
|
Corporate |
|
100.00 |
% |
185,000 |
|
191,146 |
|
1,911 |
|
11/10/2032 |
|
|
Eletronorte |
|
Manaus Transmissora |
|
BNDES |
|
SPE |
|
30.00 |
% |
120,300 |
|
87,107 |
|
871 |
|
12/15/2026 |
|
|
Eletronorte |
|
Estação Transmissora de Energia |
|
BNDES |
|
Corporate |
|
100.00 |
% |
505,477 |
|
362,128 |
|
3,621 |
|
11/15/2028 |
|
|
Eletronorte |
|
Estação Transmissora de Energia |
|
BASA |
|
Corporate |
|
100.00 |
% |
221,789 |
|
202,757 |
|
2,028 |
|
10/15/2031 |
|
|
Eletronorte |
|
Estação Transmissora de Energia |
|
BASA |
|
Corporate |
|
100.00 |
% |
221,789 |
|
200,563 |
|
2,006 |
|
07/10/2031 |
|
|
Eletronorte |
|
Rio Branco Transmissora |
|
BNDES |
|
Corporate |
|
100.00 |
% |
138,000 |
|
100,142 |
|
1,001 |
|
03/15/2027 |
|
|
Eletronorte |
|
Transmissora Matogrossense Energia |
|
BASA |
|
SPE |
|
49.00 |
% |
39,200 |
|
33,937 |
|
339 |
|
02/01/2029 |
|
|
Eletronorte |
|
Transmissora Matogrossense Energia |
|
BNDES |
|
SPE |
|
49.00 |
% |
42,777 |
|
26,571 |
|
266 |
|
05/15/2026 |
|
|
Eletronorte |
|
Brasventos Miassaba 3 |
|
BNDES |
|
SPE |
|
24.50 |
% |
30,984 |
|
25,105 |
|
251 |
|
10/15/2029 |
|
|
Eletronorte |
|
Belo Monte Transmissora de Energia S. A. |
|
State Grid Brazil S.A. |
|
Corporate |
|
100.00 |
% |
294,700 |
|
350,782 |
|
3,508 |
|
07/28/2029 |
|
|
Eletronorte |
|
Belo Monte Transmissora de Energia S. A. |
|
BNDES |
|
SPE |
|
24.50 |
% |
412,825 |
|
429,894 |
|
4,299 |
|
08/15/2032 |
|
|
Eletronorte |
|
Belo Monte Transmissora de Energia S. A. |
|
BNDES - TRANSFER |
|
SPE |
|
24.50 |
% |
214,375 |
|
226,383 |
|
2,264 |
|
08/15/2032 |
|
|
Eletronorte |
|
Norte Energia |
|
BNDES |
|
SPE |
|
19.98 |
% |
2,697,300 |
|
3,197,993 |
|
31,980 |
|
01/15/2042 |
|
|
Eletronorte |
|
Norte Energia |
|
CEF |
|
SPE |
|
19.98 |
% |
1,398,600 |
|
1,748,032 |
|
17,480 |
|
01/15/2042 |
|
|
Eletronorte |
|
Norte Energia |
|
BTG Pactual |
|
SPE |
|
19.98 |
% |
399,600 |
|
499,438 |
|
4,994 |
|
01/15/2042 |
|
|
Eletronorte |
|
Implementation of PAR and PMIS |
|
BNDES |
|
Corporate |
|
100.00 |
% |
361,575 |
|
278,875 |
|
2,789 |
|
12/15/2023 |
|
|
Eletronorte |
|
Porto Velho Transmissora de Energia |
|
BNDES |
|
Corporate |
|
100.00 |
% |
283,411 |
|
229,148 |
|
2,291 |
|
08/15/2028 |
|
|
Eletronorte |
|
Reinforcement of the Working Capital Structure |
|
CEF |
|
Corporate |
|
100.00 |
% |
400,000 |
|
229,154 |
|
2,292 |
|
04/30/2019 |
|
|
Eletronorte |
|
HPP Sinop |
|
BNDES |
|
SPE |
|
24.50 |
% |
256,270 |
|
227,483 |
|
2,275 |
|
06/15/2038 |
|
|
Eletronorte |
|
Reinforcement of the Working Capital Structure 2 |
|
CEF |
|
Corporate |
|
100.00 |
% |
500,000 |
|
479,420 |
|
4,794 |
|
03/30/2021 |
|
|
|
Project |
|
Financing Bank |
|
Method |
|
Shareholding of the |
|
Value of |
|
Outstanding |
|
Balance of the |
|
Guarantee End Date |
|
|
|
Eletronuclear |
|
Angra III |
|
BNDES |
|
Corporate |
|
100.00 |
% |
6,181,048 |
|
3,650,440 |
|
36,504 |
|
06/15/2036 |
|
|
Chesf |
|
ESBR |
|
BNDES |
|
SPE |
|
20.00 |
% |
727,000 |
|
881,525 |
|
8,815 |
|
01/15/2034 |
|
|
Chesf |
|
ESBR |
|
BNDES |
|
SPE |
|
20.00 |
% |
232,500 |
|
238,775 |
|
2,388 |
|
01/15/2035 |
|
|
Chesf |
|
ESBR |
|
BNDES - TRANSFER |
|
SPE |
|
20.00 |
% |
717,000 |
|
864,743 |
|
8,647 |
|
01/15/2034 |
|
|
Chesf |
|
ESBR |
|
BNDES - TRANSFER |
|
SPE |
|
20.00 |
% |
232,500 |
|
236,695 |
|
2,367 |
|
01/15/2035 |
|
|
Chesf |
|
Manaus Transmissora |
|
BNDES |
|
SPE |
|
19.50 |
% |
78,195 |
|
56,619 |
|
566 |
|
12/15/2026 |
|
|
Chesf |
|
Norte Energia |
|
BNDES |
|
SPE |
|
15.00 |
% |
2,025,000 |
|
2,400,896 |
|
24,009 |
|
01/15/2042 |
|
|
Chesf |
|
Norte Energia |
|
CEF |
|
SPE |
|
15.00 |
% |
1,050,000 |
|
1,312,337 |
|
13,123 |
|
01/15/2042 |
|
|
Chesf |
|
Norte Energia |
|
BTG Pactual |
|
SPE |
|
15.00 |
% |
300,000 |
|
374,953 |
|
3,750 |
|
01/15/2042 |
|
|
Chesf |
|
IE Madeira |
|
BASA |
|
SPE |
|
24.50 |
% |
65,415 |
|
74,723 |
|
747 |
|
07/10/2032 |
|
|
Chesf |
|
IE Madeira |
|
BNDES |
|
SPE |
|
24.50 |
% |
455,504 |
|
338,220 |
|
3,382 |
|
02/15/2030 |
|
|
Chesf |
|
IE Madeira |
|
Issue of Debentures |
|
SPE |
|
24.50 |
% |
85,750 |
|
124,479 |
|
1,245 |
|
03/18/2025 |
|
|
Chesf |
|
Corporate Projects Chesf 1 |
|
Banco do Brasil |
|
Corporate |
|
100.00 |
% |
500,000 |
|
224,218 |
|
2,242 |
|
02/28/2020 |
|
|
Chesf |
|
Corporate Projects Chesf 2 |
|
CEF |
|
Corporate |
|
100.00 |
% |
400,000 |
|
151,105 |
|
1,511 |
|
02/27/2019 |
|
|
Chesf |
|
IE Garanhuns S/A |
|
BNDES |
|
SPE |
|
49.00 |
% |
175,146 |
|
139,120 |
|
1,391 |
|
12/15/2028 |
|
|
Chesf |
|
Corporate Projects Chesf 3 |
|
BNDES |
|
Corporate |
|
100.00 |
% |
727,560 |
|
361,908 |
|
3,619 |
|
06/15/2029 |
|
|
Chesf |
|
Corporate Projects Chesf 4 |
|
BNDES |
|
Corporate |
|
100.00 |
% |
475,454 |
|
209,493 |
|
2,095 |
|
06/15/2029 |
|
|
Chesf |
|
HPP Sinop |
|
BNDES |
|
SPE |
|
24.50 |
% |
256,270 |
|
227,483 |
|
2,275 |
|
06/15/2038 |
|
|
Chesf |
|
Corporate Projects Chesf 5 |
|
CEF |
|
Corporate |
|
100.00 |
% |
200,000 |
|
188,698 |
|
1,887 |
|
09/06/2021 |
|
|
Furnas |
|
HPP Batalha |
|
BNDES |
|
Corporate |
|
100.00 |
% |
224,000 |
|
135,600 |
|
1,356 |
|
12/15/2025 |
|
|
Furnas |
|
HPP Simplício |
|
BNDES |
|
Corporate |
|
100.00 |
% |
1,034,410 |
|
586,337 |
|
5,863 |
|
07/15/2026 |
|
|
Furnas |
|
HPP Baguari |
|
BNDES |
|
Corporate |
|
100.00 |
% |
60,153 |
|
32,768 |
|
328 |
|
07/15/2026 |
|
|
Furnas |
|
OTHER |
|
Banco do Brasil |
|
Corporate |
|
100.00 |
% |
750,000 |
|
754,114 |
|
7,541 |
|
10/31/2018 |
|
|
Furnas |
|
Rolagem BASA 2008 |
|
Banco do Brasil |
|
Corporate |
|
100.00 |
% |
208,312 |
|
208,384 |
|
2,084 |
|
12/28/2020 |
|
|
Furnas |
|
Projetos de Inovação |
|
FINEP |
|
Corporate |
|
100.00 |
% |
268,503 |
|
138,905 |
|
1,389 |
|
11/15/2023 |
|
|
Furnas |
|
Corporate financing |
|
Banco do Brasil |
|
Corporate |
|
100.00 |
% |
400,000 |
|
315,514 |
|
3,155 |
|
12/06/2023 |
|
|
Furnas |
|
HPP Santo Antônio |
|
BNDES |
|
SPE |
|
39.00 |
% |
1,594,159 |
|
1,951,042 |
|
19,510 |
|
03/15/2034 |
|
|
Furnas |
|
HPP Santo Antônio |
|
BNDES |
|
SPE |
|
39.00 |
% |
1,574,659 |
|
2,014,178 |
|
20,142 |
|
03/15/2034 |
|
|
Furnas |
|
HPP Santo Antônio |
|
BASA |
|
SPE |
|
39.00 |
% |
196,334 |
|
229,597 |
|
2,296 |
|
03/10/2034 |
|
|
Furnas |
|
HPP Santo Antônio |
|
Issue of Debentures |
|
SPE |
|
39.00 |
% |
163,800 |
|
212,214 |
|
2,122 |
|
12/27/2022 |
|
|
Furnas |
|
HPP Santo Antônio |
|
Issue of Debentures |
|
SPE |
|
39.00 |
% |
273,000 |
|
348,328 |
|
3,483 |
|
04/15/2024 |
|
|
Furnas |
|
Centroeste de Minas |
|
BNDES |
|
SPE |
|
49.00 |
% |
13,827 |
|
7,612 |
|
76 |
|
04/15/2023 |
|
|
Furnas |
|
Brasventos Miassaba 3 |
|
BNDES |
|
SPE |
|
24.50 |
% |
30,984 |
|
25,105 |
|
251 |
|
10/15/2029 |
|
|
Furnas |
|
IE Madeira |
|
BASA |
|
SPE |
|
24.50 |
% |
65,415 |
|
74,723 |
|
747 |
|
07/10/2032 |
|
|
Furnas |
|
IE Madeira |
|
BNDES |
|
SPE |
|
24.50 |
% |
455,504 |
|
338,220 |
|
3,382 |
|
02/15/2030 |
|
|
Furnas |
|
IE Madeira |
|
Issue of Debentures |
|
SPE |
|
24.50 |
% |
85,750 |
|
124,479 |
|
1,245 |
|
03/18/2025 |
|
|
Furnas |
|
Teles Pires |
|
BNDES |
|
SPE |
|
24.50 |
% |
296,940 |
|
327,604 |
|
3,276 |
|
02/15/2036 |
|
|
Furnas |
|
Teles Pires |
|
BNDES/Banco do Brasil |
|
SPE |
|
24.50 |
% |
294,000 |
|
325,559 |
|
3,256 |
|
02/15/2036 |
|
|
Furnas |
|
Teles Pires |
|
Issue of Debentures |
|
SPE |
|
24,72 |
% |
160,680 |
|
182,006 |
|
1,820 |
|
05/30/2032 |
|
|
Furnas |
|
Caldas Novas Transmissão |
|
BNDES |
|
SPE |
|
49.90 |
% |
2,536 |
|
1,485 |
|
15 |
|
05/15/2023 |
|
|
Furnas |
|
Caldas Novas Transmissão |
|
BNDES |
|
SPE |
|
49.90 |
% |
5,536 |
|
4,287 |
|
43 |
|
03/15/2028 |
|
|
Furnas |
|
Belo Monte Transmissora de Energia S. A. |
|
State Grid Brazil S.A. |
|
Corporate |
|
100.00 |
% |
294,700 |
|
350,782 |
|
3,508 |
|
07/28/2029 |
|
|
Furnas |
|
Belo Monte Transmissora de Energia S. A. |
|
BNDES |
|
SPE |
|
24.50 |
% |
412,825 |
|
429,894 |
|
4,299 |
|
08/15/2032 |
|
|
Furnas |
|
Belo Monte Transmissora de Energia S. A. |
|
BNDES - TRANSFER |
|
SPE |
|
24.50 |
% |
214,375 |
|
226,383 |
|
2,264 |
|
08/15/2032 |
|
|
Furnas |
|
2012-2014 Investment Plan |
|
BNDES |
|
Corporate |
|
100.00 |
% |
441,296 |
|
208,420 |
|
2,084 |
|
06/15/2029 |
|
|
Furnas |
|
Empresa de Energia São Manoel |
|
BNDES |
|
SPE |
|
33.33 |
% |
437,996 |
|
450,594 |
|
4,506 |
|
12/12/2038 |
|
|
Furnas |
|
Empresa de Energia São Manoel |
|
Issue of Debentures |
|
SPE |
|
33.33 |
% |
93,332 |
|
112,163 |
|
1,122 |
|
12/15/2018 |
|
|
Furnas |
|
Corporate Projects Furnas 1 |
|
Banco do Brasil |
|
Corporate |
|
100.00 |
% |
50,000 |
|
50,018 |
|
500 |
|
12/28/2020 |
|
|
Furnas |
|
Corporate Projects Furnas 2 |
|
Banco do Brasil |
|
Corporate |
|
100.00 |
% |
35,000 |
|
35,013 |
|
350 |
|
12/28/2020 |
|
|
Amazonas |
|
Amazonas |
|
Confession of Indebtedness - Petrobras/BR |
|
Corporate |
|
100.00 |
% |
2,405,979 |
|
4,019,441 |
|
40,194 |
|
01/30/2025 |
|
|
Eletroacre |
|
Eletroacre |
|
Confession of Indebtedness - Petrobras/BR |
|
Corporate |
|
100.00 |
% |
91,774 |
|
78,391 |
|
784 |
|
01/30/2025 |
|
|
Boa Vista |
|
Boa Vista |
|
Confession of Indebtedness - Petrobras/BR |
|
Corporate |
|
100.00 |
% |
19,320 |
|
14,125 |
|
141 |
|
12/31/2024 |
|
|
Cepisa |
|
Corporate Project |
|
CEF |
|
Corporate |
|
100.00 |
% |
94,906 |
|
45,499 |
|
455 |
|
07/20/2026 |
|
|
Ceal |
|
Corporate Project Ceal |
|
Banco IBM S/A |
|
Corporate |
|
100.00 |
% |
10,736 |
|
4,066 |
|
41 |
|
12/11/2019 |
|
|
Company |
|
Project |
|
Financing Bank |
|
Method |
|
Shareholding of the |
|
Value of |
|
Outstanding |
|
Saldo Garantidor |
|
Guarantee End Date |
|
|
Chesf |
|
Manaus Transmissora |
|
BASA |
|
SPE |
|
19.50 |
% |
48,750 |
|
59,178 |
|
592 |
|
09/16/2031 |
|
|
Chesf |
|
Manaus Transmissora |
|
BASA |
|
SPE |
|
19.50 |
% |
29,250 |
|
33,032 |
|
330 |
|
02/16/2029 |
|
|
Chesf |
|
TDG |
|
BNB |
|
SPE |
|
49.00 |
% |
29,764 |
|
26,101 |
|
261 |
|
03/30/2031 |
|
|
Chesf |
|
TDG |
|
BNB |
|
SPE |
|
49.00 |
% |
58,346 |
|
52,692 |
|
527 |
|
08/01/2032 |
|
|
Chesf |
|
Eólica Serra das Vacas |
|
Itau BBA e Bradesco BBI |
|
SPE |
|
49.00 |
% |
132,009 |
|
132,517 |
|
1,325 |
|
2017 |
|
|
Chesf |
|
Eólica Serra das Vacas |
|
Itau BBA e Bradesco BBI |
|
SPE |
|
49.00 |
% |
33,320 |
|
33,918 |
|
339 |
|
2017 |
|
|
Eletronorte |
|
Manaus Transmissora |
|
BASA |
|
SPE |
|
30.00 |
% |
75,000 |
|
91,043 |
|
910 |
|
09/16/2031 |
|
|
Eletronorte |
|
Manaus Transmissora |
|
BASA |
|
SPE |
|
30.00 |
% |
45,000 |
|
50,818 |
|
508 |
|
16/02/2029 |
|
|
Eletronorte |
|
Belo Monte Transmissora de Energia |
|
Issue of Debentures |
|
SPE |
|
24.50 |
% |
142,100 |
|
142,865 |
|
1,429 |
|
12/15/2031 |
|
|
Eletronuclear |
|
Angra III |
|
CEF |
|
Corporate |
|
100.00 |
% |
3,800,000 |
|
3,226,517 |
|
32,265 |
|
06/06/2038 |
|
|
Eletrosul |
|
Expansion of the South Transmission System |
|
BNDES |
|
Corporate |
|
100.00 |
% |
29,074 |
|
25,294 |
|
253 |
|
09/15/2029 |
|
|
Eletrosul |
|
Brazil-Uruguay Interconnection |
|
BNDES |
|
Corporate |
|
100.00 |
% |
21,827 |
|
18,988 |
|
190 |
|
09/15/2029 |
|
|
Eletrosul |
|
Transmissora Sul Litorânea de Energia |
|
BNDES |
|
SPE |
|
51.00 |
% |
252,108 |
|
225,345 |
|
2,253 |
|
02/15/2029 |
|
|
Furnas |
|
Upgrade of HPP Furnas and HPP Luiz Carlos Bar |
|
IADB |
|
Corporate |
|
100.00 |
% |
407,595 |
|
349,610 |
|
3,496 |
|
12/15/2031 |
|
|
Furnas |
|
Belo Monte Transmissora de Energia |
|
Issue of Debentures |
|
SPE |
|
24.50 |
% |
142,100 |
|
142,865 |
|
1,429 |
|
12/15/2031 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
|
|
52,671,860 |
|
51,269,042 |
|
512,690 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|