Thursday, June 11, 2020


CIG Companhia Energetica de Minas Gerais gains 38% Jun 11, 2020

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.

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