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____

RELEVANT FACT

CENTRAIS ELÉTRICAS BRASILEIRAS S/A CNPJ: 00.001.180/0001-26 | NIRE: 533.0000085-9 PUBLIC COMPANY

Centrais Elétricas Brasileiras S/A (“Company” or “Eletrobras”) (B3: ELET3, ELET5 & ELET6; NYSE: EBR & EBR.B; LATIBEX: XELT.O & XELT.B), in compliance with the provisions of CVM Instruction 358 of January 3, 2002, as amended, hereby informs its shareholders and the market in general that it has launched: (i) an offering of 5-year and/or 10-year notes in the international market, in the total amount of up to one billion, seven hundred and fifty million U.S. Dollars (US$1,750,000,000) (the “Notes” and “Issuance”, respectively); and (ii) an offer to acquire the “5,750% Notes due 2021” (the “2021 Notes”) issued by the Company (“Tender Offer”).

The Notes are being issued in accordance with the procedures provided for in Rule 144-A of the Securities Act and Regulation S, both issued by the Securities and Exchange Commission of the United States of America. The net proceeds from the Notes will be used for debt refinancing, including, but not limited to, the purchase of the 2021 Notes that are tendered in connection with the Tender Offer.

This release does not constitute an offer to sell Notes or the acquisition of the 2021 Notes, nor a solicitation to purchase the Notes or the 2021 Notes, and there shall not be any sale thereof in any jurisdiction in which such offer is unlawful under the securities laws of any such jurisdiction, including Brazil. The Issuance of Notes and the Tender Offer for the purchase of the 2021 Notes are being carried out exclusively to foreign investors and will not be registered with the Brazilian Securities Commission (Comissão de Valores Mobiliários) or carried out in Brazil.

The Company will keep the market informed about the subject matter of this Relevant Fact.

Rio de Janeiro, January 22, 2020

Elvira Cavalcanti Presta

CFO and Investor Relations Officer

This document may contain estimates and forecasts that are not statements of fact that occurred in the past but reflect our management beliefs and expectations and may constitute future events' forecasts and estimates under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. The words "believe", "may", "estimate", "continue", "anticipate", "intend", "expect" and related words are intended to identify estimates that necessarily involve risks and uncertainties, known or unknown . Known risks and uncertainties include, but are not limited to: general economic, regulatory, political and commercial conditions in Brazil and abroad, changes in interest rates, inflation and value of the Real, changes in volumes and the pattern of use of electricity by consumer, competitive conditions, our level of indebtedness, the possibility of receiving payments related to our receivables, changes in rainfall and water levels in the reservoirs used to operate our hydroelectric plants, our financing and capital investment plans, existing and future government regulations , and other risks described in our annual report and other documents filed with CVM and SEC. Estimates and forecasts refer only to the date they were expressed and we assume no obligation to update any of these estimates or forecasts due to the occurrence of new information or future events. Future results of the Company's operations and initiatives may differ from current expectations and the investor should not rely solely on the information contained herein. This material contains calculations that may not reflect accurate results due to rounding.

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.