LISTED COMPANY - CNPJ 17.155.730/0001-64 - NIRE 31300040127
MARKET ANNOUNCEMENT Cemig consortium wins 'A-5' Itaocara Plant new-build auctionIn accordance with CVM Instruction 358 of January 3, 2002, Cemig (Companhia Energética de Minas Gerais), a listed company with securities traded on the stock exchanges of São Paulo, New York and Madrid, hereby reports to the Brazilian Securities Commission (CVM), the São Paulo Stock Exchange (BM&F Bovespa S.A.) and the market in general, as follows:
The Itaocara HydroPlant Consortium (Consórcio UHE Itaocara), of which a 49% interest is held by Cemig's wholly-owned subsidiary Cemig GT (Cemig Geração e Transmissão S.A.), and
51% is held by Itaocara Energia Ltda., a wholly-owned subsidiary of Light S.A., bid in the 21st
'A-5' New-build Supply Auction - held for contracting of power supply to be produced by future- build generation projects from hydroelectric or thermoelectric sources, for start of supply on January 1, 2020, with a concession period of 30 years - and was awarded the contract for the Itaocara I Hydroelectric Plant.
The following are the plant's main specifications and features:
Location: on the Paraíba do Sul River, in the municipalities of Aperibé and Itaocara, in Rio de Janeiro
State.
Installed generation capacity: 150 MW.
Physical offtake guarantee level ('Assured Energy'): 93.4 average MW.
Percentage of the Assured Energy allocated to the Regulated Market: 95.5%
Environmental licensing: Installation license ('Licença de Instalação - LI') already issued.
Sale price in the Regulated Market: R$ 154.99/MWh
Date of start of supply under the Regulated Market Sale Contract (CCEAR): January 1, 2020
Planned operational startup date: 2nd quarter 2018.
Connection: Distribution network of Light S.A. (Ilha dos Pombos substation)
Approximate total investment: R$ 1 billion in currency of March 2015.
Capital structure: Own funds, 30%; BNDES, 40%; debentures, 30%.
Cemig will keep the market opportunely informed on progress of this project.
Belo Horizonte, April 30, 2015.
Fabiano Maia Pereira
Chief Finance and Investor Relations Officer
Av. Barbacena 1200 Santo Agostinho 30190-131 Belo Horizonte, MG Brazil Tel.: +55 31 3506-5024 Fax +55 31 3506-5025
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This text is a translation, provided for information only. The original text in Portuguese is the legally valid version.
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