The DOU (Official Gazette of the Union) published on Monday, April 13, 2026, Dispatch No. 1.216 of ANEEL (National Electric Energy Agency), which formalizes the transfer of corporate control of Roraima Energia to the J&F Group.
The document marks the legal conclusion of an acquisition operation initiated in October of last year, when the Batista brothers' group announced the agreement to take over the concessionaire, previously controlled by Oliveira Energia.
Decision
The authorization for the change in leadership was decided on April 7th, during a public meeting of the board of directors of... ANEEL.
At the meeting, the rapporteur for the case, Director Gentil Nogueira, cast a favorable vote for prior approval for the transfer of shares, and was supported by the other directors present. Director Fernando Mosna declared himself ineligible to participate in the vote.
In addition to the energy distribution company, the operation approved by the regulatory agency involves the purchase of four thermoelectric power plants belonging to Oliveira Energia: Distrito, Floresta, Monte Cristo Sucuba, and Monte Cristo, all located in Boa Vista.
The decision of ANEEL This was the definitive green light for the new controller to take over Roraima Energia, repeating a similar move that occurred previously with Amazonas Energia.
Organization
According to the terms detailed in the dispatch of ANEELThe direct controlling stake in Roraima Energia will now be held by Futura Venture Capital Participações Ltda., an investment vehicle of the J&F group.
However, indirect control of the concessionaire will be the responsibility of the companies JJMB Participações Ltda. and WWMB Participações Ltda., companies belonging to brothers Joesley José Mendonça Batista and Wesley Mendonça Batista, respectively.
Although Futura is the formal holder of the shares, industry sources indicate that the practical operation and day-to-day management of the distributor will be handled by Âmbar Energia, the J&F Group's arm specializing in the electricity sector.
As part of the formalization process, the ANEEL approved an addendum to Concession Contract No. 04/2018, establishing new deadlines and criteria for economic and financial efficiency that the new controllers must meet to rehabilitate the company.
History
The transfer of Roraima Energia to the J&F Group ends a long period of regulatory uncertainty that had persisted since the company's privatization in 2018.
That year, the concession was acquired by Oliveira Energia, a company historically focused on generator rentals and without prior experience in the complex management of energy distribution to the end consumer.
The state of Roraima, being the only one not connected to the National Interconnected System (SIN) at that time, presented systemic challenges that led the previous administration to financial collapse.
The distributor accumulated billions in debt with the PetroBrazilian state-owned bank and Eletrobras regarding the purchase of fuel for thermal power plants, resulting in sector-wide default and the blocking of subsidy transfers by the state. ANEEL.
Faced with the threat of the concession's expiration by the regulatory agency, the Federal Court of Accounts (TCU) and the Ministry of Mines and Energy (MME) began to advocate for a market-based solution.
The entry of the J&F Group was seen as strategic, since Âmbar already acted as a creditor and supplier to the company in the Northern region.
The need for a solvent operator to make the new contracts for the so-called Tucuruí transmission line viable, which connected Roraima to the rest of the country, was the determining factor in accelerating the conclusion of the deal and final approval by... ANEEL.
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