CENTRAIS ELETRICAS BRASILEIRAS S.A. MARKET ANNOUNCEMENT
CENTRAIS ELÉTRICAS BRASILEIRAS S/A CNPJ: 00.001.180/0001-26 | NIRE: 533.0000085-9 PUBLIC COMPANY
Centrais Elétricas Brasileiras S/A ("Company" or "Eletrobras") (B3: ELET3, ELET5 & ELET6; NYSE: EBR & EBR.B; LATIBEX: XELT.O & XELT.B) hereby informs its shareholders and the market in general that the relevant confidential arbitration indicated in the Reference Form, involving the subsidiary Companhia de Geração e Transmissão de Energia Elétrica do Sul do Brasil - Eletrobras CGT Eletrosul, resulting from the EPC contract for the implementation of phase C of UTE Candiota, had its decision rendered.
The arbitration award recognized the joint and several liability of the adverse party for material damages and losses in the amount of BRL 10.1 million. All other orders claimed by Eletrobras CGT Eletrosul and the counter-orders claimed by the opposing parties were rejected. Eletrobras CGT Eletrosul was also ordered to reimburse the opposing parties for the costs incurred as a result of the arbitration process. The amount to be reimbursed, according to the arbitration award, is BRL 37.6 million, in addition to the arbitration costs of BRL 2.7 million.
Rio de Janeiro, August 23, 2022.
Elvira Cavalcanti Presta
CFO and Investor Relations Officer
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Eletrobrás - Centrais Elétricas Brasileiras SA published this content on 24 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2022 10:27:05 UTC.
