Cemig

#2445

Rank

$5.94B

Marketcap

Brazil

Country

Leadership team

Mr. Reynaldo Passanezi Filho (CEO, Pres & Member of Exec. Board)

Mr. Leonardo George de Magalhães (Chief Officer for Fin. & Investor Relations and Member of Exec. Board)

Mr. Dimas Costa (Chief Commercial Officer & Member of Exec. Board)

Products/ Services

Electrical Distribution, Energy

Number of Employees

1,000 - 20,000

Headquarters

Santo Agostinho, Espirito Santo, Brazil

Established

1952

Company Registration

SEC CIK number: 0001157557

Net Income

500M - 1B

Revenue

Above - 1B

Traded as

CIG

Social Media

URL

https://www.cemig.com.br

Overview

Location

Recognition and Award

References

Summary

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2021, the company operated 70 hydroelectric, wind, and solar plants with an installed capacity of 5,700 MW; 339,086 miles of distribution lines; and 4,449 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; provision of cloud solution, IT infrastructure, IT management, and cybersecurity services; provision of technology systems and systems for operational management of public service concessions; sale and trading of energy; provision of telecommunications services; and distributed generation, account services, cogeneration, energy efficiency, and supply and storage management activities. The company was incorporated in 1952 and is headquartered in Belo Horizonte, Brazil.

History

Cemig was founded in 1952 as a public enterprise in the Brazilian state of Minas Gerais. It is now a publicly traded company with shares listed on the São Paulo and New York stock exchanges. Cemig is one of the six major electricity companies of Brazil, with a total installed electricity generation capacity of 8197MW.

Mission

Cemig’s mission is to provide reliable and safe energy to its customers and to provide superior value to its shareholders.

Vision

Cemig’s vision is to be the leading energy provider in Brazil, providing cutting-edge services to its customers while maintaining its commitment to the environment.

Key Team

Mr. Marney Tadeu Antunes (Chief Distribution Officer & Member of Exec. Board)

Thadeu Carneiro da Silva (Chief Generation & Transmission Officer & Member of Exec. Board)

Mr. Marco Da Camino Ancona Lopez Soligo (Exec. Director of CemigPar & Member of Exec. Board)

Mr. Paulo Eduardo Pereira Guimarães (Head of Corp. Fin.)

Leonardo Felipe Mesquita (Accounting Mang.)

Henrique Motta Pinto (Regulatory & Legal Director)

Claudio Costa Bianchini (Deputy Director of Corp. Communication & Sustainability)

Recognition and Awards

Cemig has been recognized through many awards including the Best National Energy Company Award , Top-rated Electricity Company and Top-rated Power Plant .