SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934

For the month of November, 2016

Commission File Number 1-34129



CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS
(Exact name of registrant as specified in its charter)



BRAZILIAN ELECTRIC POWER COMPANY
(Translation of Registrant's name into English)



Avenida Presidente Vargas, 409 - 13th floor,
Edifício Herm. Stoltz - Centro, CEP 20071-003,
Rio de Janeiro, RJ, Brazil
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. 

Form 20-F ___X___ Form 40-F _______

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes _______ No___X____


 

 

 

MARKET ANNOUNCEMENT

 

CENTRAIS ELETRICAS BRASILEIRAS S/A

CNPJ: 00.001.180/0001-26

COMPANHIA ABERTA

 

 

Centrais Elétricas Brasileiras S/A ("Company" or "Eletrobras"), hereby informs its shareholders and the market in general that, in addition to the Material Fact of November 17, 2016 and the Market Announcement of November 22, 2016, which the investment budget foreseen in the Business and Management Master Plan for the period 2017-2021 ("PDNG 2017-2021"), year by year, has the following specifications:

 

           

Amounts in R$ Thousands

Detailing

2017

2018

2019

2020

2021

2017 - 2021

Corporative Investment

6,517

5,298

5,508

6,528

4,943

28,794

a - Contracted

4,847

4,508

4,707

5,801

4,634

24,497

Generation

2,241

3,141

3,806

4,972

3,808

17,968

Maintenance

408

490

525

603

523

2,549

Expansion

1,833

2,651

3,281

4,369

3,285

15,419

Transmission

1,704

1,185

741

664

680

4,974

Maintenance

346

362

392

397

321

1,818

Expansion

1,358

823

349

267

359

3,156

Infrastructure

247

182

160

165

146

900

Distribution

655

-

-

-

-

655

Maintenance

368

-

-

-

-

368

Expansion

287

-

-

-

-

287

b - New

1,670

790

801

727

309

4,297

Generation

25

49

51

53

56

234

Maintenance

20

49

51

53

56

229

Expansion

5

-

-

-

-

5

Transmission

14

661

667

586

162

2,090

Maintenance

14

61

29

6

5

115

Expansion

-

600

638

580

157

1,975

Infrastructure

74

80

83

88

91

416

Distribution

1,557

-

-

-

-

1,557

Maintenance

452

-

-

-

-

452

Expansion

1,105

-

-

-

-

1,105

Investiment in SPCs

2,438

978

1,567

1,151

840

6,974

a - Contracted

2,438

978

650

512

535

5,113

Generation

1,701

710

566

512

535

4,024

Transmission

737

268

84

-

-

1,089

b - New

-

-

917

639

305

1861

Generation

-

-

604

309

305

1,218

Transmission

-

-

313

330

-

643

Investment Total

8,955

6,276

7,075

7,679

5,783

35,768

 

 

 

 


 

 

 

MARKET ANNOUNCEMENT

 

 

Contracted generation and transmission investments are considered as those already in Eletrobras portfolio of projects.

 

New investments in generation and transmission are considered as those in which Eletrobras may include in the investment portfolio in the period from 2017 to 2021, including through participation in new auctions.

 

It should be clarified that the investment amount of Angra 3 project for the period 2017-2021 is approximately R$ 14 billion, whose resumption of the work still depends on the decision of the National Council of Energy Policy (CNPE).

 

Regarding the source of funds to finance the 2017-2021 investment program described below, which still depends on the contracting of new financing (32.5% of the total amount), about R$ 10 billion refers to the project of the plant Nuclear power plant of Angra 3. The Angra 3 nuclear power plant project already has about R$ 4 billion in financing contracted.

 

 

 

 

 

Rio de Janeiro, November 25, 2016.

 

 

Armando Casado de Araujo

CFO and Investor Relations Officer

 

 

 

 

 

SIGNATURE
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: November 25, 2016
CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS
By:
/SArmando Casado de Araujo
 
Armando Casado de Araujo
Chief Financial and Investor Relation Officer
 
 

 

 
FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.