TAESA - Investor Relations Mobile

Notice to the Market - Preliminary License Janaúba


Transmissora Aliança de Energia Elétrica S.A. ("Company" or "Taesa") hereby announces to its shareholders, the market in general and other stakeholders that the Company obtained today the Preliminary License ("LP") from the Brazilian Institute of Environment and Natural Resources - IBAMA, in reference to Janaúba Transmissora de Energia Elétrica S.A. ("Janaúba") - a project fully owned by the Company and currently under construction from Lot 17 of the transmission auction 013/2015 (part 2), held in October 2016. With this license, the Company is now authorized to contract financing for the project.

Janaúba is a project located between the states of Minas Gerais and Bahia, with a total extension of 542 km in transmission lines and 3 substations, totaling R$ 960 million in investments (ANEEL Capex) and Annual Permitted Revenues (RAP) of R$ 185.4 million for the 2018-2019 cycle. The deadline set by ANEEL to energize Janaúba is February 2022.

Taesa reinforces its focus on the execution and delivery of the 8 projects under construction, totaling R$3.2 billion in investments and R$584 million in RAP (Taesa’s stake), and has worked towards anticipating the delivery date of some of these projects, Janaúba while seeking Capex efficiencies and better financial conditions, in order to boost their returns. Thereby, the Company has been demonstrating its commitment to sustainable growth, financial discipline, operational efficiency and value generation to its shareholders.

Rio de Janeiro, September 04, 2018.

To view the full notice, click here.

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