EDP resumes sale process of two hydroelectric plants in Amapá – News of Brazil
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The company Energias de Portugal (EDP) has resumed the sale process of the Santo Antônio do Jari (392.95 megawatts) and Cachoeira Caldeirão (219 MW) hydroelectric plants, in Amapá, according to Valor.
Bradesco BBI was hired as a financial advisor in the transaction, according to the newspaper’s sources. In October 2021, the company’s president, João da Marques da Cruz, had confirmed the sale of three hydroelectric plants, but of the assets that were available to the market, EDP (BOV:ENBR3) only finalized the sale of the Mascarenhas plant (198 MW ) to the British renewables investment fund Victory Hill for R$1.225 billion.
A second round of negotiations to sell Jari and Cachoeira Caldeirão took place with the Canadian fund CDPQ (Caisse de Dépôt et Placement du Québec), but the attempt failed, as the company did not find what it classified as “fair” sales conditions. When contacted, EDP declined to comment.
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