Companhia Paranaense de Energia - COPEL engages in the generation, transmission, distribution, and sale of electricity mainly in the Brazilian State of Paraná.
While the company's activities are more concentrated in the Brazilian State of Paraná, it also operates in ten different Brazilian states through its generation and transmission businesses.
As of December 31, 2024, the company generated electricity from 18 hydroelectric plants, 43 wind plants, for a total installed capacity of 5,998,7 M...
Companhia Paranaense de Energia - COPEL engages in the generation, transmission, distribution, and sale of electricity mainly in the Brazilian State of Paraná.
While the company's activities are more concentrated in the Brazilian State of Paraná, it also operates in ten different Brazilian states through its generation and transmission businesses.
As of December 31, 2024, the company generated electricity from 18 hydroelectric plants, 43 wind plants, for a total installed capacity of 5,998,7 MW in operation, of which a 100% was derived from renewable sources. Including the installed capacity of generation companies in which the company had an equity interest as of December 31, 2024, its total installed capacity was 6,553,9 MW.
The company's electric power business is subject to comprehensive regulation by ANEEL (the Brazilian Electricity Regulatory Agency, or the Agência Nacional de Energia Eletrica). The company holds concessions to distribute electricity in 394 of the 399 municipalities in the state of Paraná and in the municipality of Porto União in the state of Santa Catarina. As of December 31, 2024, the company owned and operated 3,704 km of transmission lines and 214,770 km of distribution lines, constituting one of the largest distribution grids in Brazil. Below is the distribution of electricity supply in 2024 by consumption class, including free customers: 35.2% was to industrial customers; 27.2% was to residential customers; 20.2% was to commercial customers; and 14.6% was to rural and other customers.
On September 16, 2024, the company completed the divestment of its entire 51% stake in Companhia Paranaense de Gás - Compagas ('Compagas').
On July 1, 2024, the company sold its 81.2% interest in the termeletric power plant UEGA to Âmbar Energia S.A. This divestment was also a part of the company's strategy to decarbonize its generation matrix. In July 2024, the transaction was closed, ensuring the company a 100% renewable operational generation matrix.
On December 12, 2024, the company entered into an agreement with Centrais Eletricas Brasileiras S.A. - Eletrobras and its subsidiary, Eletrobras, for the transfer of Eletrobras' entire 49% stake in the Mauá Hydroelectric Power Plant and its entire 49.9% stake in the Mata de Santa Genebra S.A. transmission company, thereby consolidating 100% ownership of both assets to Copel for the Colíder Hydroelectric Power Plant.
The company has four wholly owned subsidiaries include Copel Geração e Transmissão S.A., Copel Distribuição S.A., Copel Comercialização S.A. ('Copel Mercado Livre') and Copel Serviços S.A. ('Copel SER').
The company's generation business sells energy to its distribution business only through auctions in the regulated market.
Strategy
The key elements of the company's business strategy are to grow in market value in a consistent and sustainable way; scale business with synergy 'G TDC'; enter the self-production segment and expand in the retail segment; improve the customer experience; offer innovative and digital services and products; expand and disseminate ESG best practices; foster innovation to leverage results; explore opportunities and regulatory frontiers and consolidate sectoral protagonism; and strengthen digital and cybersecurity culture.
Generation
As of December 31, 2024, the total installed capacity of all the generation assets in which the company holds equity or the rights under concessions was 6,573 MW.
As of December 31, 2024, the total installed capacity of all the company's energy generation assets was 6,573 MW. Considering only the entities that it operates (solely or under consortium), including 100% of the energy produced by those in which the company holds a 100.0% shareholding stake and 51.0% and 30.0% of the energy generated by Mauá and Baixo Iguaçu Hydroelectric Plants, respectively (corresponding to the interest it holds in each of these assets), the company operated and sold energy through 20 hydroelectric plants, 43 wind plants and one Thermoelectric Plant, with a total installed capacity of 6,308.9 MW. The company's Assured Energy totaled 2,759 average MW in 2024. The company's generation varies yearly because of hydrological conditions and other factors. The company generated 28,148 GWh in 2024.
The generation of electrical energy at the company's power plants is supervised, coordinated and operated by its Generation and Transmission Operation Center in the city of Curitiba. This operation center is responsible for coordinating the operations related to major part of the company's total installed capacity, including some of the plants in which it holds only partial ownership interests.
Hydroelectric Generation Facilities
Governador Bento Munhoz da Rocha Netto (HPP Foz do Areia): The HPP Foz do Areia is located on the Iguaçu River, approximately 350 kilometers southwest of the city of Curitiba. The concession was renewed on November 19, 2024, pursuant to the terms of the Concession Agreement 01/2024, and is set to expire in November 2054.
Governador Ney Aminthas de Barros Braga (HPP Segredo) and Governador Jose Richa (HPP Salto Caxias). The HPP Segredo is located on the Iguaçu River, approximately 370 kilometers southwest of the city of Curitiba. The HPP Salto Caxias is located on the Iguaçu River, approximately 600 kilometers southwest of the city of Curitiba. These concessions were renewed in 2024, pursuant to the terms of the Concession Agreements 01/2024 and 02/2024, and are set to expire in November 2054.
Governador Pedro Viriato Parigot de Souza (HPP Capivari Cachoeira): The HPP Capivari Cachoeira is the largest underground hydroelectric plant in Southern Brazil. The reservoir is located on the Capivari River, approximately 50 kilometers north of the city of Curitiba, and the power station is located on the Cachoeira River, approximately 15 kilometers from the reservoir. The concession agreement with ANEEL to continue to operate this plant under an operation and maintenance regime until January 5, 2046.
The HPP Capivari Cachoeira has 260 0MW of installed capacity and Assured Energy of 103.6 MW. Since January 1, 2017, 70.0% of the energy generated by this plant has been allocated in quotas to the regulated market. Copel GeT will no longer bear the hydrological risk for the energy allocated in quotas under the MRE associated with the HPP Capivari Cachoeira until January 5, 2046. From this date until January 3, 2053, the power plant will operate entirely in the Free Market.
Mauá: The Jayme Canet Júnior Hydroelectric Power Plant ('HPP Mauá') is located on the Tibagi River, in the State of Paraná. It was constructed between 2008 and 2012 by Consórcio Energetico Cruzeiro do Sul, in which the company holds a 51.0% interest and CGT Eletrosul holds the remaining 49.0%. The facility is located approximately 250 kilometers from Curitiba, in the Municipality of Telêmaco Borba.
Colíder: HPP Colíder has an installed capacity of 300.0 MW, and it is located on the Teles Pires River, in the State of Mato Grosso, between the municipalities of Nova Canaã do Norte and Itaúba, with the municipalities of Colíder and Cláudia are also affected by the reservoir. The construction of the plant began in 2011, and the work was totally concluded in 2019. The first Generating Unit entered commercial operation on March 9, 2019, and the last unit started operating on December 21, 2019.
Baixo Iguaçu: HPP Baixo Iguaçu has an installed capacity of 350.2 MW and is located on the Iguaçu River, in the municipalities of Capanema, Capitão Leonidas Marques, Planalto, Realeza and Nova Prata do Iguaçu, State of Paraná. Baixo Iguaçu HPP is the last large energy project planned for the main Iguaçu, and it is located around 30 km downstream from the HPP Salto Caxias. It was constructed by a consortium in which Copel GeT holds a 30% interest and Geração Ceu Azul S.A. holds the remaining 70.0%. This power plant became fully operational on April 10, 2019.
Bela Vista: The SHP Bela Vista has 29.8 MW of installed capacity and 18.6 average MW of Assured Energy and is under construction in the Chopim river, in the São João and Verê municipalities, located in the southwest of the State of Paraná. The energy sales agreement has been effective since of January 1, 2024, for a 30-year term and will be subject to an annual adjustment by the IPCA. The construction of this unit started in the first half of 2019 and the third power generation unit began operations on August 12, 2021, totaling 29.3 MW in commercial operation (corresponding to 98.3% of the plant's total capacity). The remaining unit with a complementary capacity of 0.5 MW started its operation on June 7, 2023.
Elejor Facility: The Elejor Facility consists of the Santa Clara and Fundão Hydroelectric Power Plants, both of which are located on the Jordão River in the State of Paraná. The aggregate total installed capacity of the units is 246.41 MW, which includes two smaller hydroelectric generation units installed in the same location. Elejor signed a concession agreement with a term of 35 years for the Santa Clara and Fundão plants in October 2001. As of December 31, 2024, the company owned 70.0% of the common shares of Elejor, and Paineira Participações owns the remaining 30.0 %.
Dona Francisca: The company owns 23.03 % of the common shares of Dona Francisca Energetica S.A. ('DFESA'). The other shareholders are Gerdau S.A. with a 51.82% interest, Celesc S.A. with a 23.03% interest and Statkraft S.A. with a 2.12% interest. DFESA Hydroelectric Power Plant is located on the Jacuí River in the State of Rio Grande do Sul. The plant began full operations in 2001.
SHP Arturo Andreoli ('Foz do Chopim' Hydroelectric Plant): The Foz do Chopim Hydroelectric Plant is located on the Chopim River in the State of Paraná. The company owns 35.8% of the common shares of Foz do Chopim Energetica Ltda., the entity that owns the Foz do Chopim Hydroelectric Plant. Silea Participações Ltda. owns the remaining 64.2%. The operation and maintenance of Foz do Chopim Hydroelectric Plant is performed by Copel Geração e Transmissão S.A. Energy. Foz do Chopim Energetica Ltda. also had the authorization to operate Bela Vista SHP, a hydroelectric power plant that is located on the same river and has similar capacity, which was transferred to Bela Vista Geração de Energia S.A. ('Bela Vista Geração'), through the ANEEL's Authorizing Resolution no. 7,802/2019.
Wind Farm Generation Facilities
Since 2013, the company has been expanding its energy generation capacity and diversifying the company's energy matrix through the development of renewable energy sources, like the construction and acquisition of wind farms in the State of Rio Grande do Norte.
São Bento Energia: In February 2015, the four wind farms (Boa Vista, Olho d'Água, São Bento do Norte and Farol) which are part of the São Bento Wind Farm Complex, located in the State of Rio Grande do Norte, began operations. With an installed capacity of 94 MW and Assured Energy of 38.1 average MW.
Copel Brisa Potiguar Wind Complex: In October 2015, the company concluded the implementation of the Brisa Potiguar Wind Complex with an installed capacity 183.6 MW and Assured Energy of 89.4 average MW. An Assured Energy of 57.7 average MW (from Asa Branca I, Asa Branca II, Asa Branca III and Eurus IV wind farms) was committed under contract to electric power distributors in the alternative energy auction in August 2010. The energy to be generated was sold through 20-year term contracts with payments beginning in April 2015.
Voltália São Miguel do Gostoso I: In June 2014, the company acquired a 49.0% interest in the São Miguel do Gostoso I Wind Farm Complex, in the State of Rio Grande do Norte. The São Miguel do Gostoso wind farm complex has 108.0 MW of installed capacity and Assured Energy of 57.1 average MW. In April 2015, the company concluded the construction of this wind farm complex and ANEEL, in July and August 2015, classified it as ready for commercial operation. This wind farm complex began production in June 2017 after completion of the necessary transmission lines.
Cutia: Cutia Empreendimentos Eólicos, which is the company's largest wind farm business, is divided into two large complexes totaling 312.9 MW of installed capacity: Cutia Complex, composed of seven wind farms (Guajiru, Jangada, Potiguar, Cutia, Maria Helena, Esperança do Nordeste and Paraíso dos Ventos do Nordeste), with a total installed capacity of 180.6 MW, 71.4 average MW of Assured Energy and located in the State of Rio Grande do Norte; and Bento Miguel Complex, composed of six wind farms (São Bento do Norte I, São Bento do Norte II, São Bento do Norte III, São Miguel I, São Miguel II and São Miguel III) with 132.3 MW of total installed capacity, 58.7 average MW of Assured Energy and located in the State of Rio Grande do Norte, in the same region of other wind farm complexes that belong to the company.
Vilas Complex: In November 2021, the company acquired 100% of the Vilas Complex, located in the state of Rio Grande do Norte, from Voltalia Energia do Brasil Ltda ('Voltalia'). The Vilas Complex has 186.7 MW of installed capacity and 98.6 average MWm of Assured Energy.
Jandaíra Complex: In November 2022, the four wind farms (Jandaíra I, Jandaíra II, Jandaíra III and Jandaíra IV), located in the State of Rio Grande do Norte, with an installed capacity of 90.09 MW and Assured Energy of 46.2 average MW, began operations.
Aventura Complex: In January 2023, the company acquired 100% of the Aventura Complex, located in the state of Rio Grande do Norte, from EDP Renováveis S.A. ('EDPR'). The Aventura Complex has 105 MW of installed capacity and 65 average MWm of Assured Energy.
Santa Rosa e Mundo Novo Complex: In January 2023, the company acquired 100% of the Santa Rosa e Mundo Novo Complex, located in the state of Rio Grande do Norte, from EDP Renováveis S.A. ('EDPR'). The Santa Rosa e Mundo Novo Complex has 155.4 MW of installed capacity and 92.8 average MWm of Assured Energy.
Thermoelectric Generation Facilities
Figueira: The Figueira plant, with installed capacity of 20 MW coal-fired thermoelectric plant, is in the city of Figueira, in the northeast of the state of Paraná (where the main coal basin of Paraná is located), and is in the process of being divested by the company, with no energy supply contracts.
Wind Farm Projects
The wind complexes the company acquired in January 2023, the Santa Rosa & Mundo Novo ('SRMN') and Aventura wind complexes, previously owned by EDP Renováveis Brasil S/A. and totaling 260.4 MW of installed capacity.
Development Projects
In 2024, the company made progress in developing the capacity expansion projects for the Governador Bento Munhoz da Rocha Netto Hydroelectric Power Plant (GBM - Foz do Areia) and Governador Ney Braga Hydroelectric Power Plant (GNB - Segredo), aiming for the future viability of these projects in regulated auctions, with the first auction being scheduled for June 2025. Additionally, the company entered into an asset swap with Eletrobras in December 2024 in which the company acquired full ownership of the Mauá Hydroelectric Power Plant and the Mata de Santa Genebra transmission line, for its stake in the Colíder Hydroelectric Power Plant.
Until 2024, the company was also a member of the Geração Luz Paranaense Consortium - CGLP, to which were granted exploration rights for the following projects: Foz do Curucaca PCH, Salto Alemã PCH, Alto Chopim PCH and Rancho Grande PCH. After obtaining the applicable authorization from ANEEL and evaluating the hydraulic potential of each project, the consortium decided to carry out studies only on the Salto Alemã and Foz do Curucaca PCHs and to return the rights to operate the Alto Chopim and Rancho Grande PCH projects to ANEEL. The basic projects for the Salto Alemã PCH and the Foz do Curucaca PCH had already been approved by ANEEL and the environmental studies related to the Salto Alemã PCH had been registered with the competent body, the IAT - Instituto Água e Terra do Paraná, for analysis. Given the difficulties in obtaining environmental permits to implement the projects, the company sold its stake in CGLP at the end of 2024.
Since 2018, the company has been holding the rights to the Salto Grande HPP, located on the Chopim River in the state of Paraná.
Aventura Solar was a project for a 10 MWac 1 Solar Generating Plant, located in the municipality of Touros, in the state of Rio Grande do Norte, which shared the same lot with the Aventura II Wind Farm. The solar project was approved by ANEEL and had obtained the environmental license. The solar plant was planned to be connected to the 230 kV Aventura II substation, which is connected to the 230 kV João Câmara II substation via a transmission line of approximately 13 kilometers. Due to difficulties in making the Aventura Solar project viable, it was discontinued in 2024.
The company is also developing competitive projects with a focus on reserve energy capacity auctions. It will also constantly evaluate new hydroelectric plants, including reversible pumping plants and battery storage plants.
The company is developing projects to participate in energy reserve capacity auctions in the electricity sector, both for power availability and energy storage. This is a significant strategic challenge in the energy sector. In this context, the company has been working to develop projects that are not only technically and environmentally viable, but also meet the regulatory standards set out by the MME. In addition, these projects are designed to excel in operational efficiency and sustainability. One notable project in this endeavor is the expansion of the Foz do Areia plant. This project has the potential to make a significant contribution to the National Interconnected System (Sistema Interligado Nacional), providing additional energy and increasing system security. Another similar project is the expansion of the capacity of the Segredo hydroelectric power station, which could almost double the installed capacity from 1,260 MW to around 2,520 MW, a project that could be made viable in the next capacity reserve auctions that will contract the availability of power for the SIN.
In the realm of innovation, the company launched the Copel Volt Open Innovation program in 2021. This project aimed to strengthen partnerships within the startup ecosystem, streamline its internal processes, and promote innovative business solutions' growth. The company's first edition of Copel Volt, from October 2021 to May 2022, presented eight strategic challenges to the startup community, reflecting its innovation needs. The response was overwhelmingly enthusiastic, as evidenced by 286 startup registrations and 216 formal applications from 43 countries. This strengthened the company's innovation credentials and cultivated an open innovation culture within Copel.
Building on this success, the second edition of Copel Volt ran from May 2022 to September 2023. It featured five selected challenges and attracted 381 pre-registrations and 284 formal applications from 52 countries. The second edition was particularly notable for the adoption of groundbreaking technologies and ambitious initiatives, resulting in significant discoveries and valuable learning experiences. This edition further expanded the company's innovation capacity, with substantial investments in Proof of Concept ('PoCs') amounting to R$1.8 million, reinforcing the company's commitment to fostering cutting-edge solutions and enhancing the company's overall innovation landscape.
Through both editions, Copel Volt directly impacted more than 667 startups worldwide, resulting in numerous PoC initiatives backed by an investment of more than USD 600,000 (R$3 million). These efforts have tested cutting-edge solutions and expanded the company's innovation capacity. The program demonstrated its effectiveness with a 40% rollout rate, highlighting the company's ability to translate innovative ideas into actionable business solutions. Notably, one of the startups from Copel Volt received investment from Copel Ventures, participated in a research and development project, and secured a service contract with Copel, showcasing the seamless integration of innovative startups into the company's operational framework.
In addition, to demonstrate the company's commitment to sustainable development and innovation, the company launched the Copel Ventures I fund in 2023. This Corporate Venture Capital ('CVC') fund, carefully managed by VOX Capital - a preeminent investment firm with an excellent track record in impact investing - has been allocated USD 30 million (R$150 million). The fund targets investments in local and international startups that are leading the transition to sustainable energy solutions, underscoring the company's commitment to address the challenges of the energy sector in a sustainable and efficient manner. By the end of 2024, Copel Ventures had already made two investments totaling R$ 14.7 million, one in an e-mobility startup and another in a solar energy marketplace. For 2025, the fund's strategic focus remains on acquiring minority stakes, ranging from 10% to 15%. However, it will prioritize companies at more mature stages, such as Series A and B.
Simultaneously, Copel Ventures I has strategically invested in startups reflecting the company's future vision, particularly those focusing on disruptive technologies to accelerate the transition to a more sustainable energy scenario. This strategic move consolidates the company's role as a transformative force and innovation leader in the energy sector. Copel Ventures I is dedicated to the development of new technologies and the integration of these innovations into the company's business model. This facilitates the creation of new business opportunities and increases the company's adaptability to the dynamic global energy market.
Through Copel Volt and Copel Ventures I, the company have strengthened the company's identity as an innovator in the energy sector, promoting a corporate culture open to experimentation and collaboration with start-ups and entrepreneurs. The company's comprehensive innovation strategy drives new solutions' development and fosters dynamic knowledge and technology exchange within the wider innovation ecosystem.
As the company look to the future, the company remain committed to strengthening the company's role within the innovation ecosystem, and to persistently seeking solutions that bring value and sustainability to both the company's business and society at large.
Regarding Distributed Generation, the company finish implementation in 2024 three solar projects in Paraná, that are fully operational. These projects aim at providing energy compensation for the company's clients and involve a total capacity of 15 MW. Additionally, the company have a stake in the Solar Paraná photovoltaic plants, holding a 49% share.
Transmission and Distribution
General
Electricity is transferred from power plants to customers through transmission and distribution systems. Transmission is the bulk transfer of electricity from generating facilities to the distribution system by means of the Interconnected Transmission System, in tension greater than or equal to 230 kV. Distribution is the transfer of electricity to final customers, in tension lesser or equal to 138 kV.
Transmission
The company's transmission system consists of all its assets of 230 kV and greater and a small portion of the company's 138 kV assets, which are used to transmit the electricity it generates and the energy the company receives from other sources. In addition to using the company's transmission lines to provide energy to customers in the state of Paraná, it also transmits energy through the Interconnected Transmission System. Two companies, Centrais Eletricas Brasileiras S.A. (Eletrobras) and its wholly owned subsidiary Eletrobras CGT Eletrosul, also maintain significant transmission systems in the state of Paraná. Furnas is responsible for the transmission of electricity from Itaipu, while CGT Eletrosul's transmission system links the states in the south of Brazil.
The company carries out the operation and maintenance of 3,704 km of transmission lines, 43 substations in the state of Paraná and two substations in the state of São Paulo. In addition, the company has partnerships with other companies to operate 5,980 km of transmission lines and eight substations through SPCs.
Distribution
The company's distribution system consists of a widespread grid of overhead lines and substations with voltages up to 138 kV assets. Higher Voltage electricity is supplied to bigger industrial and commercial customers and lower voltage electricity is supplied to residential, small industrial, and commercial customers in addition to other customers. As of December 31, 2024, the company provided electricity in a geographic area encompassing approximately 97% of the state of Paraná.
The company's distribution grid includes 214,770 km of distribution lines, 479,641 distribution transformers and 237 distribution substations of 34.5 kV, 36 substations of 69 kV and 130 substations of 138 kV. During 2024, 88,316 new captive customers were connected to its grid, including customers connected through the rural and urban electrification programs. The company is continuing to implement compact grid design distribution lines in urban areas with large concentration of trees in the vicinity of the distribution grid.
The company has three captive customers that are directly supplied with energy at a high voltage (69 kV and above) through connections to its distribution lines. The volume of energy commercialized for these customers was 4,222 MWh in 2024.
On October 16, 2019, Copel Distribuição launched a program to modernize its distribution grid called 'Transformation Program' (Programa Transformação). The Transformation Program is consisted of three projects: 'Total Reliability' (Confiabilidade Total), 'Three-phase Paraná' (Paraná Trifásico) and 'Smart Grid Copel.'
Performance of the Distribution System
Itaipu
The company purchased 4,553 GWh of electricity from Itaipu in 2024, which constituted 7.5% of its total available electricity in 2024 and 18.8% of Copel Distribuição's total available electricity in 2024.
ANGRA
Because Eletronuclear renewed the generation concession of Angra under the 2013 Concession Renewal Law, the energy generated by Angra is no longer sold in auctions in the regulated market.
Auctions in the Regulated Market
In 2024, the company purchased 13,812 GWh of thermoelectric and hydroelectric energy through auctions in the regulated market. This energy represents 58% of the total electricity purchased by the Copel Distribuição.
Sales to Captive Customers
During 2024, the company supplied approximately 97% of the energy distributed directly to Captive Customers in the State of Paraná. During 2024, the total power consumption of its Captive Customers was 21,285 GWh.
Sales to Free Customers
The company operates in the ACL through its wholly owned subsidiaries Copel Geração e Transmissão and Copel Comercialização (Copel Mercado Livre). During 2024, the total power consumption of the company's Free Customers was 10,565 GWh.
Concessions
Generation Concessions
Of the 18 hydroelectric plants the company operated in 2024, 14 were operated under the generation concession contracts that were in force prior to the 2013 Concession Renewal Law, and five were operated in accordance with the 2013 Concession Renewal Law (HPP Capivari Cachoeira, HPP Chopim I, HPP Marumbi, HPP Mauá and HPP Colíder). In 2013, 12 of the 13 hydro and thermoelectric generation concessions operated by the company in 2013 (exception made only to HPP Rio dos Patos) were extended pursuant to the old regime and could be renewed again under the 2013 Concession Renewal Law. However, at the time the 2013 Concession Renewal Law was enacted, the company elected not to renew the following generation concessions: Rio dos Patos (2014), Mourão I (2015), Chopim I (2015) and Capivari Cachoeira (2015), all of which had remaining terms of 60 months or less.
HPP Foz do Areia: The company has requested the MME for the full renewal of the concessions for its plants HPP Foz do Areia, HPP Segredo, and HPP Caxias, maintaining 100% participation. The company's privatization enabled it to request the full renewal of the concessions for the Hydroelectric Plants HPP Foz do Areia HPP, HPP Segredo, and HPP Salto Caxias for 30 years from the signing of the new concession contract.
TPP Figueira: The company's concession for TPP Figueira expired on March 26, 2019. The company had submitted a request to extend the concession for this plant on May 24, 2017, for an additional period of 20 years. On October 30, 2023, the company requested the Granting Authority to cancel its previous application for the extension of the concession.
With respect to the concessions granted between 2011 and 2017 with no renewal right attached, the company acquired the right to renew only one of the hydroelectric plants ('HPP Cavernoso II') for a 30-year period, as a result of an amendment to the 2013 Concession Renewal Law by Law No. 13,360, of November 17, 2016.
In 2021, the government issued new legislation that changed the calculation method applied by CCEE for the financial compensation to plants participating in the MRE.
In 2022, ANEEL authorized the extension of concession grants and authorizations and approved the amendment to the concession contracts for projects with the company's participation through Authorizing Resolutions.
In 2024, the company entered into new thirty-year concession agreements for the HPPs Foz do Areia, Salto Caxias e Segredo, in accordance with Federal Decree No. 9,271/2018, which does not provide for extensions.
Transmission Concessions
The company has ownership interests in ten other transmission projects, through special purpose companies.
Distribution Concessions
The company originally operated its distribution business pursuant to a concession contract that was signed on June 24, 1999 (retroactive to July 7, 1995) and was set to expire on July 7, 2015. Under the 2013 Concession Renewal Law, the company had the right to renew this concession for an additional 30-year period by accepting an amendment to the concession contract. In 2013, after a careful evaluation of the conditions imposed by the Brazilian government for the extension of the company's distribution concession, it decided to request the renewal of this contract, and its renewal request was approved by the MME on November 11, 2015. On December 9, 2015, the company executed the fifth amendment to the public Electricity Distribution Service Concession Agreement No. 46/1999 of Copel Distribuição S.A.
History
Companhia Paranaense de Energia - COPEL was founded in 1954.
