CURITIBA, Brazil, Nov. 11, 2021 /PRNewswire/ -- Copel's
EBITDA, encompassing all factors, including non-recurring and
discontinued operations, reached R$4,492.4
million, an increase of 274.8% compared to the R$1,198.6 million recorded in 3Q20. A significant
part of this result reflects the positive effect caused by the gain
on the divestment of Copel Telecomunicações, with an impact of
R$1,723.9 million, and by the
renegotiation of the hydrological risk (GSF), in the amount of
R$1,570.5 million. Adjusted EBITDA,
excluding non-recurring items, reached R$1,286.7 million in 3Q21, 3.8% higher than the
R$1,240.1 million recorded in 3Q20.
This growth is mainly due to (i) the sale of the 641 GWh of energy
produced by UTE Araucária ("UEGA"), (ii) the 8.3% growth in
the wire market and the readjustment implemented after
the 5th cycle of Copel Distribuição's tariff review, (iii) the
increase in remuneration on transmission assets due to inflation,
the greater asset base due to the RBSE reprofiling and new projects
in operation, and (iv) the higher volume of energy sold in
contracts bilateral and for free consumers by Copel Mercado Livre.
These events were partially offset, mainly, by the 125.5% increase
in the cost of electricity purchased for resale due to the water
deficit in the period (average GSF of 51.1% in 3Q21 against 66.0%
in 3Q20 and average PLD of R$581.7/MWh in 3Q21 against R$91.68/MWh in 3Q20).
The complete release is available at the Company's website:
ir.copel.com
Conference Call: August 12,
2021 – THURSDAY
English: 12:00 p.m. –
UST
Broadcast through Internet
Live webcast at ir.copel.com
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SOURCE Copel