Engie Brasil Energia has extended its exclusivity agreement with asset manager Fram Capital to negotiate the sale of its Jorge Lacerda thermoelectric power complex (CTJL) in Brazil, a spokesperson for the company told BNamericas. The original deal was signed in February, involving a four-month period for due diligence of the complex in Santa Catarina state. Jorge Lacerda consists of seven generating groups, divided into three plants: Jorge Lacerda A, with two 50MW generating units and two 66MW units; Jorge Lacerda B, with two 131MW units; and Jorge Lacerda C, with one 363MW generating unit, giving an overall total of 857MW. The physical guarantee for sale of its energy is 650MWa and its authorization for operation is valid until 2028. The spokesperson said the progress of the negotiations requires actions to be carried out by the state and federal governments - which are already underway, but have not yet been finalized - to equalize environmental and tax conditions that directly impact the maintenance of CTJL's operations. "If negotiations are successful, the final terms of the transaction will be subject to approval by the management and shareholders of Engie Brasil Energia. In the event that a sale transaction does not materialize, the phased decommissioning of the asset - which is still underway - will be implemented by 2025," the representative said. The spokesperson added that the sale of the plant may qualify the undertaking for future opportunities, which could include the next A-2 energy tender, which local electric power watchdog Aneel plans to hold on December 3, together with the A-1 auction. The date and rules of the tenders will be discussed via a public consultation to be carried out between July 22 and September 9, as approved during a meeting of the agency's board of directors on July 20, 2021.