OREANDA-NEWS. ENEVA informs that it has signed today the sale of its stake in Pecem I power plant to EDP - Energias do Brasil S.A. Under the terms of the agreement, ENEVA will receive BRL 300 million for its 50% stake in Pecém I. The remaining 50% already belong to EDP. The proceeds obtained by ENEVA with the sale of Pecém I will be used to strengthen the company's cash position, allowing the company to further advance the measures to restructure its capital structure. ENEVA highlights that the transaction is a measure aimed to preserve the company and its stakeholders' interests. The sale of the thermoelectric power plant stake is still subject to certain conditions precedent and approval from Cade (Conselho Administrativo de Defesa Economica).

Pecém I thermoelectric power plant is located in the municipality of São Gonçalo do Amarante (CE). The power plant generates energy based on mineral coal and has two generators of 360 MW, totaling 720 MW. The thermoelectric power plant began its commercial operation in December 1, 2012 with one of its generators. In February 2013, the second generator began operating. In the energy auction-5, held in October 2007, the thermoelectric power plant sold 615 average MW, guaranteeing a fixed income and indexed to the IPCA inflation index of about R 467.4 million (dated as of March 2009), for 15 years, starting in 2012.