NOTE 39 ΠDEZ_2008

NOTE 39 – PARTICIPATION IN ELECTRIC ENERGY PUBLIC GENERATION AND TRANSMISSION
AUCTIONS
During 2006, the Company successfully participated in several biddings to sell energy to
final consumers and traders, in the Free Agreement Context - ACL, becoming it one of the main
agents of this sector in the market.
As established in Article 15 of Law No. 3.890-A of April 25, 1961, with the wording of Article
22 of Law No. 10.438, of April 22, 2002, FURNAS can participate, as a minor partner, in SPE,
which will be responsible for the construction and exploration of new installations.
FURNAS bought three hydroelectric plants sold in the First Auction for Energy from New
Installations carried out by Aneel on December 16, 2005. The Company also acquired the
concession for the plants of Simplício/Anta (333.7 MW average), Batalha (52.5 MW average) and
the participation of 15% (21 MW average) in the plant of Baguari, which has the participation of
Cemig (34%) and Neoenergia (51%). In the same auction, FURNAS negotiated 100% of the
energy of these installations, in addition to selling an average 90 MW of Manso HPP.
On December 10, 2007, Consortium Mesa S.A, made up of FURNAS (39%), Odebrecht
Investimentos (17.6%), Andrade Gutierrez Participações (12.4%), Cemig (10%), Fundos de
Investimentos e Participações da Amazônia (20%) and Construtora Norberto Odebrecht (1%) won,
in an auction held by Aneel, the concession to build and operate the construction project of Santo
Antônio HPP, in the Madeira river, Rondônia. The work is estimated to start in December 2008.
Operations of the first and the second generating units are contemplated to begin in December
2012 and the last in June 2016.
On November 24, 2008, FURNAS, through the Renewable Transenergy Consortium
(FURNAS – 49%; Delta Construções S.A. – 25.50% and Fuad Rassi Engenharia, Indústria e
Comércio Ltda – 25.50%), purchased during an Aneel auction a lot for the construction and
operation of three transmission lines: Chapadão-Jataí; Barra dos Coqueiros-Quirinópolis and
Palmeiras–Edéia; for a total of 635 km between Goiás and Mato Grosso do Sul.
On November 26, 2008, the Wood Transmission Consortium (consisting of FURNAS,
Companhia de Transmissão de Energia Elétrica Paulista – CTEEP and Companhia Hidro Elétrica
do São Francisco – CHESF), earned permission to construct and operate the Porto VelhoAraraquara line (Madeira line), extending 2,375 km and traversing five Brazilian states. The value
of the accrued asset was 0.21%, corresponding to an RAP of R$ 176,249 thousand. This
consortium also won Lot F in the auction, with RAP of R$ 151,788 thousand, corresponding to an
accrued asset of 9.99%. The lot includes the construction of a rectifying station (3,150 MW) and
an inverter station (2,950 MW).
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