Eletrobras(EBR) - 2023 Q3 - Quarterly Report

Acquisition and Investment - Eletrobras completed the acquisition of 100% of the Retiro Baixo HPP, paying R$222.3 million for a 51$31 million and a cash balance of R$59 million as of September[4] - The Retiro Baixo HPP has a capacity of 82 MW and a physical guarantee of 34.8 MWm, contracted at an average price of R$299/MWh until December 2038[5] - The consolidated EBITDA for the Retiro Baixo HPP is approximately R$80 million as of December 2022[6] - The asset has been operational since 2010 and has a concession term until March 2047[5] Strategic Alignment - The transaction aligns with Eletrobras' Strategic Plan to optimize minority stakes and simplify its corporate structure[7] - The acquisition reinforces Eletrobras' commitment to strategic growth and market expansion[7] Financial Stability and Risk Management - Eletrobras aims to enhance cash flow stability through GSF SP 97 insurance associated with the plant[5] - The company is focused on future economic conditions and industry performance as part of its forward-looking statements[15] - Eletrobras emphasizes the importance of monitoring risks such as regulatory changes and market conditions that may impact financial results[10] - The company has no obligation to update forward-looking statements based on new information or events[10]