Companhia Energética de Minas Gerais (Cemig) announced a strategic initiative to invest in clean energy technologies, leveraging its extensive experience in hydropower. CEO Reynaldo Passanezi Filho confirmed the company's plans to boost Brazil's electricity grid through these new power projects.
Cemig is executing a substantial BRL 40 billion (approximately $7.4 billion) investment plan spanning from 2025 through 2029. This long-term capital deployment prioritizes power distribution while strategically shifting focus from traditional network expansion to advanced digitalization efforts aimed at improving the consumer experience.
The company's strategy includes a strong emphasis on sector innovations, particularly in energy storage technologies. These advancements are considered crucial for preventing blackouts and ensuring grid stability amidst the increasing integration of intermittent wind and solar generation sources.
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