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NEOENERGIA S.A.

(NEOE3)
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Neoenergia S A : Company received installation license to begin mobilization of the works of the Rio Formoso pr...

06/17/2021 | 10:16am EDT


Neoenergia started the mobilization for the construction of another transmission project, referring to lot 9 of auction 002/2019 carried out by the National Electric Energy Agency (ANEEL). The company obtained the authorization to start the works through the installation license of the project, issued by the Institute of environment and water resources (Inema) of Bahia.

'The Rio Formoso project is very important for the company because it expands our supply possibilities in the interior of Bahia, presenting operational synergy with our distribution activities in the region. We continue to advance with our transmission projects, an essential segment for the sustainable development of the electricity sector, and we are proving our execution capacity, anticipating deliveries in relation to the business plan and contractual deadlines',says the Director of Transmission of Neoenergia, Fabiano Uchoas.

The project has the construction of the Rio Formoso II substation (with two 230/138 kV processing units with installed power of 200 MVA each), the implementation of a new yard in the Rio das Éguas substation (with seven 500/230 kV transformation units of 100 MVA) and the construction of 105 kilometers of transmission line at 230kV, circuit, for the interconnection of the substations.

This month, earthmoving work will be carried out at the two substations and the foundations of the transmission line towers. Neoenergia expects to generate 600 direct jobs throughout the works.

Disclaimer

Neoenergia SA published this content on 17 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2021 14:15:01 UTC.


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Financials
Sales 2021 33 539 M 6 480 M 6 480 M
Net income 2021 2 613 M 505 M 505 M
Net Debt 2021 29 000 M 5 603 M 5 603 M
P/E ratio 2021 8,28x
Yield 2021 3,63%
Capitalization 21 642 M 4 178 M 4 181 M
EV / Sales 2021 1,51x
EV / Sales 2022 1,45x
Nbr of Employees 14 617
Free-Float 49,0%
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Technical analysis trends NEOENERGIA S.A.
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TrendsNeutralNeutralNeutral
Income Statement Evolution
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Mean consensus BUY
Number of Analysts 12
Last Close Price 17,83 BRL
Average target price 25,63 BRL
Spread / Average Target 43,7%
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Managers and Directors
Mario JosÚ Ruiz-Tagle Larrain Chief Executive Officer & Director
Leonardo Pimenta Gadelha Executive Director-Finance
JosÚ Ignacio Sßnchez Galßn Chairman
Marcelo JosÚ Cavalcanti Lopes Head-Operation & Maintenance
Santiago MartÝnez Garrido Director
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