Centrais Eletricas Brasileiras Eletrobras ADR Representing (EBR) Sector
Utilities

(Current) $8.82
0.02 (0.23%) Open Price: 8.82

 

Centrais Elétricas Brasileiras S.A. (Eletrobras) is a Brazilian state-owned electric utility company, which was founded on June 11, 1962. It is headquartered in Rio de Janeiro, Brazil, and is the largest power generation and transmission company in Brazil, responsible for producing around one-third of the country's electricity. Eletrobras is also responsible for managing a large part of Brazil's power transmission network.

 

Eletrobras operates a variety of power plants, including hydroelectric, nuclear, thermal, and wind power plants. The company's hydroelectric power plants are among the largest in the world, including the Itaipu and Tucuruí dams. In addition, Eletrobras is responsible for managing Brazil's Angra nuclear power plant, which has two reactors.

 

Eletrobras has a significant presence in the Brazilian power transmission sector, with more than 60,000 kilometers of transmission lines and 319 substations. The company's transmission lines are responsible for carrying electricity from power plants to homes, businesses, and other facilities across Brazil.

 

In recent years, Eletrobras has faced financial challenges, including a large debt burden and a decline in revenue due to Brazil's economic recession. As a result, the company has undergone a major restructuring process, which has included divesting non-core assets and reducing its workforce. The Brazilian government has also proposed privatizing Eletrobras, although this plan has faced opposition from labor unions and some politicians.

 

Eletrobras is a significant player in Brazil's energy sector, and its operations have a major impact on the country's economy and infrastructure. While the company faces significant challenges, it continues to play an important role in supplying electricity to Brazil's population and supporting economic growth in the country.

 



 

(03/01/24) $8.82
(03/02/24) $8.80
(03/02/24) (Qty.)770,352
(03/01/24) $8.71
(03/01/24) $8.92
(03/19/23) $5.67
(02/18/24) $9.11
Stocktwits
LetsEncrypt SSL Secure Stripe Payment Processing