Petrobras Wins Energy Auction

Source: www.gulfoilandgas.com 6/25/2021, Location: South America

Petrobras participated in the Existing Energy Auctions A-4 and A-5, becoming the winner with the sale of 162.5 MW average, from the Cubatao Thermoelectric Plant (SP).

At Auction A-4, 98.3 average MW were sold at the price of R$151.15/MWh and, at Auction A-5, 64.2 average MW were sold at the price of R$172.39/MWh. This result guaranteed a total fixed revenue of R$ 67.8 million/year until 2040, in addition to the variable revenue that will come from the dispatch of the thermoelectric plant during the period of the contracts.

These events were aimed at contracting energy generated by thermoelectric power plants powered by domestic coal and natural gas, either through existing assets or new projects, to meet the demands of distributors that serve the final consumer. The sale of energy by Petrobras at auctions contributes to the company's strategy of optimizing the thermoelectric portfolio with a focus on self-consumption and the sale of its own gas.

Petrobras will continue to seek new opportunities for the sale of energy from its generating complex in future auctions to be organized by the Ministry of Mines and Energy – MME, in order to guarantee the profitable operation of the plants and continue to meet the country's energy demand.


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