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Home / News / Companies / Âmbar Energia buys four hydroelectric plants from Cemig

Âmbar Energia buys four hydroelectric plants from Cemig

The winning bid at the auction was R$52 million; together, the plants have 14,8 MW
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  • Photo by Emily Castro Emily Castro
  • December 6, 2024, at 14:02 AM
1 min 21 sec read

Four hydroelectric plants of the cemig (Minas Gerais Energy Company) were purchased by Amber Energy, from J&F group, at the auction held this Thursday (05) at B3. The winning bid was for R$52 million.

The Marmelos plants in Juiz de Fora (MG); Martins, in Uberlândia (MG); Sinceridade, in Manhuaçu (MG); and the Machado Mineiro Small Hydroelectric Plant in Águas Vermelhas (MG) were auctioned. Together, the four plants have 14,8 MW.

For Reynaldo Passanezi Filho, president of cemig, the resources allow for the largest investment in the distributor's history, in addition to fulfilling the commitment to be the driver of investment in Minas Gerais. 

“This year, we are breaking the record for the delivery of substations. By the end of the year, more than 30 substations and 1.000 kilometers of distribution lines will have been delivered,” adds Passanezi.

Minas Gerais government files Cemig privatization project

With these acquisitions, Âmbar now has 43 power generation units, with a total capacity of 4,1 GW. The company is the second largest private natural gas power generator in Brazil in terms of installed capacity, and operates hydroelectric, solar, biomass, coal and biogas units.

According to Marcelo Zanatta, president of Âmbar Energia, the company continues to invest in expanding its asset portfolio, aligning its actions with its strategy of increasing diversification of energy generation sources.

“This movement aims to strengthen Brazil’s energy security and also play a significant role in the transition to a more sustainable energy matrix,” concludes Zanatta.

Blackouts lead to Cemig facing legal sanctions in Minas Gerais

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CEMIG renewable energy hydroelectric Energy Auction
Photo by Emily Castro
Emily Castro
Graduating in Journalism from the Pontifical Catholic University of Campinas, she has experience in producing articles for news portals, radio and podcasts. She also works as a producer for the Papo Solar Podcast and the Solar em 60 and Estude com o projects. Canal.
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