Enel Américas, through its subsidiary Enel Brasil, acquired 94.8% of Enel Distribución Goiás (former Celg) share capital, a distribution company that operates in the Brazilian State of Goiás. The investment reached BRL$ 2,187 million (approximately US$ 640 million).
Enel Brasil was awarded with the public tender for the privatization of Celg, which carried out by the Brazilian government in November 2016 through Banco Nacional de Desarrollo BNDES, and started operating the asset on February 14, 2017. In May 2017, Enel Brasil acquired an additional 5% of Celg capital (currently Enel Distribución Goiás) for BRL$ 81.7 million. Additionally, Enel Brasil performed a capital increase in Enel Distribución Goiás for a total amount of BRL$1,600 million. By the end of 2017, the participation of Enel Brasil in the share capital of Enel Distribución Goiás reached 99.93%. For further information of this operation, see Note 7.1. of the Consolidated Financial Statements Enel Américas as of December 2018.
The acquisition of Enel Distribución Goiás was completely financed with funds from the capital increase of Enel Américas, which was approved by the end of 2012.
The company is located in the central-west area of Brazil, its concession area amounts to 337 thousand km2 and serves a population of more than 6 million inhabitants.
Energy sales were 13,755 GWh in 2018, increasing 12.2% over 2017 (taking into account the consolidation of this distribution company since February 2017). The distribution is the following: 34% residential clients, 18% commercial clients and, 26% of industrial clients and 22% tolls and others.
During 2018, Enel Distribución Goiás supplied energy service to 3,026,991-billed customers. The classification by type of clients shows that 86% are residential, 7% are commercial, and other clients represent el 10%.
Additionally, Enel Distribución Goiás also took actions to improve quality indicators and in 2018 reduced SAIDI (period of time without energy supply) in 19% over 2017 (26.19h vs. 32.29h).