The Brazilian electricity company Eletrobras has been officially privatised after a BRL29.3bn (US$5.7bn) sale on 14 June 2022. The privatization of Eletrobras was a priority for the Brazilian government, which previously owned a 72% stake in the company. Following the sale, which included issuing new shares, the government will now only hold a 45% stake in Eletrobras.
Two Eletrobras affiliates were excluded from the privatisation process: the Brazilian nuclear company Eletronuclear and its 50% stake in the 14 GW Itaipu hydropower plant shared with Paraguay. In March 2022, the company released its 2021 results, posting a net income of BRL5.7bn (US$1.2bn, -11% compared to 2020). The volume of electricity sold declined by 9% in 2021 to 127 TWh. Eletrobras is responsible for 28% of Brazil's electricity generation, with an installed capacity of 50,515 MW. In the transmission segment, the company holds about 40% of the country's transmission lines.
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