OREANDA-NEWS. ENEVA's management, in consultation with the company's main shareholders and banks, has designed a refinancing plan to further stabilize the financial structure of the company. The plan involves equity and debt measures and will be implemented over the course of this year. As part of these measures, E.ON will contribute ˆ200 million in proportion to its ownership stake.

The agreement builds on a steady improvement in the operating performance of the company's generation fleet. In recent months, the company has achieved substantial operating improvements resulting in a higher availability of its power plants. With a total operational capacity of approximately 2,400 megawatts, ENEVA has made a significant contribution to Brazil's supply security during a tight power market resulting from a prolonged drought.

E.ON board member Jorgen Kildahl stated: “Over the past several months ENEVA has delivered a good operational performance. We're pleased that - together with the other main shareholders and banks providing financing - we're able to support ENEVA's management to realize the company's significant potential. Brazil's tight power supply situation demonstrates how important and valuable reliable generating capacity is. ENEVA already ranks among Brazil's most important providers of such capacity.”