- Business
- Rio Paranapanema Energia S.A. (GEPA3.SA) engages in the generation and sale of electricity in Brazil, primarily through the operation of eight hydroelectric power plants and two small hydroelectric plants located along the Paranapanema River basin and the Sapucaí-Mirim River, including key facilities such as UHE Capivara (643 MW), UHE Taquaruçu (525 MW), UHE Rosana (354 MW), UHE Chavantes (414 MW), UHE Jurumirim (100.9 MW), UHE Canoas I (82.5 MW), UHE Canoas II (72 MW) and UHE Salto Grande (73.8 MW), as well as PCH Palmeiras (16.5 MW) and PCH Retiro (16 MW), delivering a total installed capacity of approximately 2,265 megawatts of renewable energy to industrial, residential, commercial and other consumers predominantly in Brazil's southeastern region. Founded in 1999 and headquartered at Rua Funchal, 418, 2nd floor, Vila Olímpia in São Paulo, Brazil, the company serves as a subsidiary of Rio Paranapanema Participações S.A., which falls under the control of China Three Gorges Corporation (CTG) through Luxembourg-based entities holding 67% of voting capital since its acquisition from Duke Energy International in December 2016, with the remaining 33% owned by Huikai Clean Energy S.A.R.L., a Chinese investment fund. Formerly known as Duke Energy International, Geração Paranapanema S.A., it changed its name in January 2017 as part of post-acquisition restructuring; more recently, in January 2019 it completed an internal group reorganization to streamline its structure without altering ownership, approved intercompany service agreements in February 2019 with sister CTG subsidiaries like Rio Paraná Energia S.A., Rio Canoas Energia S.A. and Rio Verde Energia S.A. to enhance operational synergies, and continues to manage a contractual obligation with the State of São Paulo to expand installed capacity by 15% or 322.7 MW stemming from the original privatization terms, while reporting solid financials including trailing twelve-month revenue of BRL 1.25 billion and net income of BRL 455 million as of mid-2025 alongside a recent dividend declaration payable December 31, 2025.