ENGIE winner of Curitiba Public Lighting PPP
ENGIE, Brazil’s leading renewable energy company, placed the winning bid this Wednesday (28) at the Public-Private Partnership (PPP) auction for Public Lighting in Curitiba (state of Paraná), held at B3, in São Paulo. ENGIE proposed monthly payments of R$ 1.1 million, a 71% negative premium vis-à-vis the ceiling as per the bidding documents. The 23-year agreement provides for operation, maintenance and expansion of the city’s public lighting infrastructure, with over 160 thousand light points.
“This is a long-term partnership that underscores our stance towards accelerating the energy transition towards carbon neutrality in Brazilian municipalities. Curitiba is a benchmark for innovation and displays exemplarily modern city planning, which converges with ENGIE’s commitment to making urban spaces more efficient and sustainable, using solutions to strengthen public safety and security, improve mobility, and promote energy efficiency,” said ENGIE Soluções CEO Jacques-Olivier Klotz.
Aside from benefitting society, PPPs provide a favorable business model for investors, as revenues are guaranteed by the Contribution to Public Lighting Service Funding (“Contribuição para o Custeio do Serviço de Iluminação Pública” – Cosip) – which is levied on power bills, which enables attracting players interested in developing Public Lighting projects.
ENGIE currently operates over 1 million light points worldwide, 130 thousand of which in Brazil – 90 thousand in Uberlândia (state of Minas Gerais) and 40 thousand in Petrolina (state of Pernambuco), two cities where the Company is already active in Brazil by means of Public Lighting PPPs.
ABOUT ENGIE
ENGIE is a global reference in low-carbon energy and services. With its 97,000 employees, its customers, partners and stakeholders, the Group is committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by its purpose (“raison d’être”), ENGIE reconciles economic performance with a positive impact on people and the planet, building on its key businesses (gas, renewable energy, services) to offer competitive solutions to its customers. Turnover in 2022: 82.6 billion Euros.
In Brazil, ENGIE, leader in 100% renewable power generation in the country, operates in generation, commercialization and transmission of electric power, gas transport and energy solutions. The Company
has in the country an installed capacity of 12,5 GW, originated from renewable sources and with low GHG emissions, such as hydro, solar and biomass power plants, and windfarms.
With the acquisition of Transportadora Associada de Gás – TAG, ENGIE now also owns the largest natural gas transportation network in the country, at 4,500 km and transecting 10 states and 191 cities.
The Group has a complete portfolio of integrated solutions focused on reducing costs and improving the infrastructure for companies and cities, such as energy efficiency, public lighting, energy monitoring and management.
With 2,800 employees, ENGIE’s turnover in Brazil in 2023 was of R$ 11.7 billion. ENGIE trades on the B3 through its energy generation and trading company, ENGIE Brasil Energia, under the ticker EGIE3. In addition to being a B3 Novo Mercado component, the Company is one of the very few companies that have been listed in the Business Sustainability Index since its creation in 2005. In 2021, ENGIE Brasil Energia was included in the Carbon-Efficient Index (ICO2), made up of IBrX 100 companies that are most transparent in terms of GHG emissions reporting and how they are preparing for a low-carbon economy.
The company also received in May 2024 the certification Great Place to Work, a recognition which validates the continuous commitment of the company to create a positive and inclusive work environment for all.
The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Euro 100, MSCI Europe) and non-financial indices (DJSI World, Euronext Vigeo Eiris – Europe 120/France 20, MSCI EMU ESG screened, MSCI EUROPE ESG Universal Select, Stoxx Europe 600 ESG-X).