Energy Co of Minas Gerais - Company Profile
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Business Description
Energy Co of Minas Gerais is an integrated energy utility, which generates, transmits and distributes electricity. It also distributes natural gas and offers energy solutions. The company produces electricity using wind, solar and hydro sources. It also procures electricity from third parties for reselling to its customers.
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R&D Overview
The company’s R&D efforts focus on various technological challenges of the electricity sector including smart products and services, electric systems of the future, electrification and electromobility and alternatives in sustainable generation. In FY2022, the company spent BRL34.6 million on R&D activities which grew 1.0% YoY.
Business Segments
Overview
Includes energy distribution services and running and maintaining the necessary facilities and infrastructure.
Performance
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Overview
Constitutes wind and hydro sources for producing energy.
Performance
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Overview
Includes managing equity investments in which the company has no ownership control.
Performance
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Overview
Includes energy commercialization and provision of related services.
Performance
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Overview
Includes the construction, operation and maintenance of transmission lines and substations.
Performance
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