The deal will expand the company’s presence to the 10th Brazilian state and increase installed capacity by 180 MW
Âmbar Energia, a J&F group company, has signed an agreement with the Oliveira Energia group to acquire the distributor Roraima Energia, as well as four power generation plants located in Boa Vista. The completion of the transaction is subject to the approval of the relevant regulatory bodies.
Roraima Energia is responsible for the distribution of energy throughout the state, serving more than 200 thousand consumer units in the 15 municipalities. The operation will mark Âmbar’s entry into the energy distribution segment. Currently, the company has 43 power generation plants, in addition to operating in the trading and gas pipeline sectors.
The four plants included in the agreement are: Monte Cristo, with 83 megawatts (MW) of installed capacity; Monte Cristo/Sucuba (42.25 MW), Floresta (35 MW) and Districts (20 MW). All are quick-start plants powered by fuel oil, which makes them essential to ensure the security of energy supply in the Brazilian electricity system.
Boa Vista recently became the last capital to connect to the National Interconnected System (SIN) and is served by a transmission line coming from Manaus. “The distribution and generation activities in Roraima strategically join our 11 plants in the state of Amazonas, creating important synergies for our operations, in addition to positioning us in a state with strong potential for growth and development,” says Marcelo Zanatta, president of Âmbar Energia.
Completion of the transaction is subject to customary regulatory approvals. The negotiation involving Roraima Energia is independent and is not linked to the eventual transfer of control of Amazonas Energia, another distributor controlled by the Oliveira group.
