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 |
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
CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS | ||
By: |
/S/ Armando Casado de Araujo
|
|
Armando Casado de Araujo
Chief Financial and Investor Relation Officer |
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.