Energy Co of Minas Gerais - Company Profile
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Energy Co of Minas Gerais (CEMIG) is engaged in the generation, transmission, distribution, and commercialization of electric energy, as well as the distribution of natural gas. The company's major products and services include electricity and natural gas supply, with a focus on clean and sustainable energy solutions. CEMIG is associated with brands such as Efficientia for energy efficiency services. Its products and services cater to a wide range of customers, including residential, commercial, and industrial sectors, with applications in various industries. CEMIG operates through a network of subsidiaries and affiliates, ensuring efficient energy distribution across its service areas. The company has a significant presence in Brazil, with operations spanning multiple states and the Federal District. CEMIG is headquartered in Belo Horizonte, Minas Gerais, Brazil.
Headquarters
Brazil
Address
1200, Barbacena Avenue, Belo Horizonte, Minas Gerais, 30190-131
Website
www.cemig.com.br
Telephone
55 31 35065024
No of Employees
5,320
Industry
Power
Ticker Symbol & Exchange
CMIG4 (SAO)
Revenue (2024)
$7.6B
7.4%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-31.2%
(2024 vs 2023)
Market Cap*
$7.3B
Net Profit Margin (2024)
XYZ
-35.9%
(2024 vs 2023)
* As of and is in US$
Energy Co of Minas Gerais premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Electricity | Project Efficiency Optimization Solutions |
| Gas | Operational and Management Services |
| Transmission and Distribution of Electricity and Natural Gas | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In March, the company entered into a contract with TTS Energia to build a 5 MW solar power plant in Jequitiba. |
| 2026 | Acquisitions/Mergers/Takeovers | In January, the company and Cemig Geracao e Transmissao SA acquired a 51% stake in Hidreletrica Pipoca SA from Serena Geracao SA. |
| 2025 | Asset Purchase | In December, the company through its subsidiary CEMIG Solucoes Inteligentes Em Energia SA, acquired 51% equity interest in two distributed generation photovoltaic power plants and 100% of one UFV, totaling 10 MWp of installed capacity. |
Competitor Comparison
| Key Parameters | Energy Co of Minas Gerais | Neoenergia SA | Equatorial SA | CPFL Energia SA | Axia Energia SA |
|---|---|---|---|---|---|
| Headquarters | Brazil | Brazil | Brazil | Brazil | Brazil |
| City | Belo Horizonte | Rio De Janeiro | Sao Luis | Campinas | Rio de Janeiro |
| State/Province | Minas Gerais | Rio de Janeiro | - | Sao Paulo | Rio de Janeiro |
| No. of Employees | 5,320 | 11,746 | 1,178 | 16,204 | 7,168 |
| Entity Type | Public | Private | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Marcio Luiz Simoes Utsch | Chairman | Executive Board | 2019 | 67 |
| Reynaldo Passanezi Filho | Chief Executive Officer | Senior Management | 2020 | 61 |
| Marney Tadeu Antunes | Vice President - Distribution | Senior Management | 2021 | 64 |
| Marco da Camino Ancona Lopez Soligo | Vice President - Generation and Transmission | Senior Management | 2024 | 58 |
| Luis Claudio Correa Villani | Vice President - Information Technology | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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