Companhia Energetica de Minas Gerais SA
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Marco Aurelio Martins da Costa
- Full Time Employees
- 5,320
- Sector
- Utilities
- Industry
- Electric utilities
- Address
- Avenida Barbacena, 1200 Belo Horizonte MG Brazil 30190-131
- IPO Date
- Jun 30, 1971
- Website
- ri.cemig.com.br
- Similar Companies
- Business
- Companhia Energética de Minas Gerais (CEMIG) generates, transmits, distributes, and commercializes electric energy; and distributes natural gas throughout Brazil, primarily serving the state of Minas Gerais where it supplies approximately 9 million consumers across 774 municipalities with the largest electricity distribution network in South America exceeding 400,000 km of lines. The company operates 83 generation projects including 60 hydroelectric plants, 7 wind farms, and 1 photovoltaic plant with around 6,000 MW of capacity; a nearly 5,000 km transmission grid via subsidiaries and affiliates; distribution through Cemig Distribuição S.A. covering 96% of Minas Gerais; trading operations capturing 18% of Brazil's free energy market; and natural gas distribution via Gasmig serving industrial, residential, commercial, CNG, LNG, automotive, and thermoelectric customers. Founded in 1952 and headquartered in Belo Horizonte, Minas Gerais—with majority ownership by the state government—CEMIG maintains presence in 24 Brazilian states plus the Federal District, Chile, and holds stakes in over 87 companies, 44 consortiums, and non-strategic assets including Taesa, Gasmig, and Belo Monte hydroelectric plant. Recent developments encompass a R$40 billion ($7.4 billion) investment plan spanning 2025-2029 focused on power distribution modernization, renewables expansion via pumped storage and solar tied to battery testing, energy storage innovations, hydrogen initiatives, and infrastructure for energy transition; alongside R$40 million allocated to health sector efficiency and R$25 million for low-income communities; plus preparations for a Gasmig IPO and power plant concession renewals.
Company News
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