Companhia Energética de Minas Gerais S.A. Sponsored ADR (CIDS)

Overview

Companhia Energética de Minas Gerais - CEMIG is a major Brazilian company that has carved a niche in the energy sector, predominantly focusing on the generation, transmission, distribution, and sale of electricity. With its incorporation in 1952, CEMIG has established itself as a key player in the Brazilian energy market, operating from its headquarters in Belo Horizonte, Brazil. As of the end of the year 2022, CEMIG's operational capacity includes 69 hydroelectric, wind, and solar plants boasting an installed capacity of 5,519 MW. Additionally, the company manages extensive network infrastructures, including 351,163 miles of distribution lines and 4,580 miles of transmission lines, underscoring its significant role in powering Brazil's growth and development.

Products and Services

Cemig's portfolio extends beyond simple energy generation and distribution, covering various aspects of energy management, utilities, and technology services:

• Renewable and Conventional Energy Generation: With an installed capacity of 5,519 MW across 69 hydroelectric, wind, and solar plants, CEMIG highlights its commitment to both renewable and conventional energy sources.
• Energy Transmission and Distribution: CEMIG operates a vast network of 351,163 miles of distribution lines and 4,580 miles of transmission lines, ensuring efficient energy supply across regions.
• Gas Distribution: The company also engages in the acquisition, transportation, and distribution of gas and its sub-products and derivatives, expanding its energy portfolio to meet diverse market demands.
• IT and Cybersecurity Services: Diving into the digital realm, CEMIG offers cloud solutions, IT infrastructure, management, and cybersecurity services, catering to the technological needs of modern businesses.
• Operational Management Technology for Public Services: It provides technology systems and solutions for the operational management of public service concessions, leveraging technology to enhance public infrastructure management.
• Energy Sale and Trading: CEMIG actively participates in the energy market, involving in the sale and trading of electricity to meet the demands of various segments.
• Telecommunications: Recognizing the importance of communication infrastructure, the company offers telecommunications services, contributing to Brazil's digital connectivity.
• Distributed Generation and Energy Management: The company also focuses on distributed generation, account services, cogeneration, energy efficiency, supply, and storage management activities, promoting sustainable energy practices.