Profile: Companhia Energetica de Minas Gerais CEMIG (CIGc.N)
19 Jan 2017
Companhia Energetica de Minas Gerais-CEMIG, incorporated on May 22, 1952, is a holding company that is engaged in the generation, transmission and distribution of electricity. The Company's segments include Generation, Transmission, Distribution, Telecom, Gas and Other. The Company, through its interests in subsidiaries or jointly controlled entities, is engaged in the activities of the construction and operation of systems for sale of electricity, as well as various fields of energy and telecommunications, for the purpose of commercial operation.
As of December 31, 2015, the Company, through its subsidiaries, operated 79 hydroelectric plants, two thermoelectric plants and 27 wind farms, totalizing 8,112 Megawatts. The Company's electric power transmission business consists of transporting power from the facilities where it is generated to points of consumption, distribution networks and Free Consumers. Its distribution operation consists of transfers of electricity from distribution substations to final consumers. It includes public service electricity distribution concession contracts in the State of Minas Gerais, granting rights to commercial operation of services related to the supply of electricity to captive consumers in municipalities in its concession area, including consumers that may be eligible, under the legislation, to become Free Consumers. As of December 30, 2015, the concession area of Cemig Distribution covered approximately 219,103 square miles of the territory of the State of Minas Gerais.
As of December 31, 2015, the Company's electricity system included 419,432 miles of distribution lines, through which it supplied 26,453 Gigawatt hour to 8.079 million captive consumers and transported 15,671 Gigawatt hour to 422 Free Consumers. As of December 31, 2015, the total volume of electricity distributed was 42,124 Gigawatt hour. The Company is also engaged in businesses, including telecommunications, through its subsidiary, Cemig Telecomunicacoes S.A.; energy solutions consulting business for both Brazilian and international clients, through its subsidiary, Efficientia S.A.; exploitation of natural gas, through Exploration Consortium SF-T-104, Exploration Consortium SF-T-114, Exploration Consortium SF-T-120, Exploration Consortium SF-T-127 and Exploration Consortium REC-T-163; sale and trading of electricity, through structuring and intermediation of purchase and sale transactions, trading electricity in the Free Market, through its subsidiaries, Cemig Trading S.A. and Empresa de Servicos de Comercializacao de Energia Eletrica S.A. and Cemig Comercializadora de Energia Incentivada S.A.; acquisition, transport and distribution of gas and its subproducts and derivatives through Companhia de Gas de Minas Gerais (Gasmig), and technology systems and systems for operational management of public service concessions, including companies operating in electricity, gas, water and sewerage and other utility companies, through Axxiom Solucoes Tecnologicas S.A.
Companhia Energetica de Minas Gerais CEMIG
1200 5 / B1, Santo Agostinho
BELO HORIZONTE 30.190-131
Company Web Links
- Exclusive: Brazil's Cemig to fire CEO, CFO on Wednesday, sources say
- Brazil's Cemig says not considering share offering
- Brazil's Cemig backs capital injection into power venture with Vale
- Exclusive: Brazil's Cemig mulls sale of stake in venture with Vale: sources
- Brazil's Cemig to raise stake in power distributer Light, seeks new investors