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About
Companhia Energética de Minas Gerais SA engages in the generation, transmission, distribution and sale of electricity, gas distribution, telecommunications and the provision of energy solutions. It operates through the following segments: Generation, Transmission, Distribution, and Other Businesses. The Generation segment engages in the generation of electricity through hydroelectric plants, thermoelectric plants and wind farms. The Transmission segment engages in the electric power transmission business, which consists of transporting electric power from the facilities where it broadcasted to the distribution networks for delivery to final users. The Distribution segment engages in the supply electricity to consumers in the state of Minas Gerais. The Other Businesses segment engages in the telecommunications, national and international energy solutions, and exploitation of natural gas. The company was founded by Juscelino Kubitschek de Oliveira on May 22, 1952 and is headquartered in Belo Horizonte, Brazil. | |||
Description
Companhia Energetica de Minas Gerais (CEMIG) is a state-controlled mixed capital company organized in Minas Gerais, Brazil. It is an integrated concessionaire of electric power generation, transmission and distribution. The electric power transmission business consists of transporting electric power from the facilities where it is generated to the distribution networks for delivery to end users. CEMIG owns and operates 52 power plants, of which six are in partnership with private enterprises, relying on a predominantly hydroelectric energy matrix. It also engages in distributing natural gas in Minas Gerais, providing a fiber-optics and coaxial cable network installed along its transmission and distribution lines, through which telecommunication services can be provided, and national and international consulting business through its subsidiary Efficientia S.A. |