Investor Presentaiton
eneva
Letter from
management
GRI 102-14
Ontei Glória
Lobo Carneiro
We ended 2021 proud of the work we did before
and during the pandemic and, even in a difficult
environment, we consider that the year was
extraordinary for Eneva. Despite the turmoil, we
reaffirm the success of our business model and
our capital allocation. Through the definition of
a long-term strategy, which aims to create value
for all our stakeholders, we seek to conceive our
contribution to the sustainability of the planet.
Our business market is undergoing significant
changes and we are prepared to carry out a
fair and inclusive transition, with energy that
generates value. Anchored in the use and
development of new technologies, we are aware
of the capacity and adaptability of our teams. We
are ready for the new energy market, increasingly
focused on consumers.
Our organization has the energy, capital and the
necessary projects to continue to successfully
expand, through a vast, reliable and accessible
portfolio for the different demands of our
customers. Last year, we acquired Focus Energia,
which operates in three main business segments:
energy trading, energy generation and distributed
generation. In this way, we position ourselves as
the largest solar energy company in Brazil. We have
a renewable generation portfolio that, when fully
developed, will add up to 3 GW. This is a combination
of assets, which will increase our energy trading
capacity in the Free Market to 1.4 GW.
We were also successful in our bids in the energy
capacity auction, contracting 295 MW of additional
energy capacity in Amazonas, which will allow us
to expand the innovative R2W model to another
basin. We also achieved a reserve replenishment
rate of 264% in the Parnaíba Basin and added
1.3 bcm of 2P gas reserves to our Azulão asset,
located in Amazonas.
Our mix of energy sources allows us to operate in
a regulatory environment that seeks to achieve a
balance between energy security and reasonable
tariffs. In this context, we seek to contribute to
reducing the intensity of our Greenhouse Gas
(GHG) emissions, with the responsibility of not
harming energy security and the final cost of
energy, which affects the entire population.
We own two coal-fired power plants and we know
that this source of electricity generation must not
subsist in the coming decades if humanity really
wants to control GHG emissions. Therefore, our
commitment, since 2020, is not to build or buy
any new coal-fired power plant and to continue
operating at the global benchmark in terms of
efficiency. Our plants are only activated to ensure
the supply of electricity. Not by our decision, but
by the National System Operator (ONS).
We must be responsible with the decommissioning
of our coal plants, avoiding "looking good in the
picture" at the expense of energy security or
through the sale of assets to third parties without
commitment to decommissioning. Therefore,
in line with COP26, we are committed to the
phase-out of these plants by 2040.
We understand that climate change is one of
society's greatest challenges and poses a risk to
the future of our company. To contribute to the
topic, and reinforcing our socio-environmental
commitment, we carried out a study of climate
risks and opportunities to define a mitigation
sustainability report 2021
LES PORTUGAIS AU BRESIL
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Jerson Kelman Chairman Eneva S.A.View entire presentation