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This excerpt taken from the PBR 6-K filed Apr 10, 2007. (e) Acquisition of Baixada Santista Energia Ltda. - BSE On March 9, 2005, Petrobras approved the conditions agreed with Marubeni Corporation, for the purchase of quotas held by Marubeni Corporation in Baixada Santista Energia Ltda. – BSE, a special purpose company incorporated within the UTE Cubatão Project. This operation involves approximately US$90, and project resumption will meet the present requirements for the energy and steam power generation system renewal for the Cubatão Refinery (RPBC). Upon conclusion, this plant will have an installed capacity of 200 MW for electricity generation and 400 ton/hours for steam generation. The Thermoelectric Plant of Cubatão is expected to start operating in October 2007 and will supply 47 MW and 415 t/h of steam to Refinaria Presidente Bernardes in Cubatão (RPBC), belonging to Petrobras. Electricity surplus will be made available to the market. Due to immateriality, the Company has not prepared pro forma information respective to this business combination. 87 18. Domestic and International Acquisitions (Continued) This excerpt taken from the PBR 6-K filed Mar 21, 2006. (e) Acquisition of Baixada Santista Energia Ltda. - BSE On March 9, 2005, PETROBRAS approved the conditions agreed with Marubeni Corporation, for the purchase of quotas held by Marubeni Corporation in Baixada Santista Energia Ltda. – BSE, a special purpose company incorporated within the UTE Cubatão Project. This operation involves approximately US$ 90, and project resumption will meet the present requirements for the energy and steam power generation system renewal for the Cubatão Refinery (RPBC). Upon conclusion, this plant will have an installed capacity of 200 MW for electricity generation and 400 ton/hours for steam generation. The Thermoelectric Plant of Cubatão is expected to start operating in October 2007 and will supply 47 MW and 415 t/h of steam to Refinaria Presidente Bernardes in Cubatão (RPBC), belonging to PETROBRAS. Electricity surplus will be made available to the market. Due to immateriality, the Company has not prepared pro forma information respective to this business combination. 97 20. Domestic and international acquisitions (Continued) This excerpt taken from the PBR 6-K filed Mar 18, 2005. (l) Acquisition of Baixada Santista Energia Ltda. - BSE On December 23, 2004, the Executive Board approved the acquisition of quotas held by Marubeni Corporation in Baixada Santista Energia Ltda. – BSE, a special purpose company incorporated within the UTE Cubatão Project. This operation involves approximately US$ 90 million, and project resumption will meet the present requirements for the energy and steam power generation system renewal for the Cubatão Refinery (RPBC). Upon conclusion, this plant will have an installed capacity of 200 MW for electricity generation and 400 ton/hours for steam generation. This excerpt taken from the PBR 6-K filed Mar 9, 2005. Acquisition of Baixada Santista Energia Ltda - BSE (Rio de Janeiro, March 09, 2005). – PETRÓLEO
BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex:
XPBR/XPBRA], a Brazilian international energy company, announces that its Executive
Board has approved the conditions agreed with Marubeni Corporation for the
acquisition of all the quotas in Baixada Santista Energia Ltda - BSE, owner of Cubatão
Thermoelectric Power Plant - UTE, located in the municipality of Cubatão, state of São
Paulo. The plant will have a nominal capacity of 208 MW and 450 t/h of steam.
Petrobras already holds 0.01% of the capital stock of Baixada Santista Energia Ltda
and will reimburse Marubeni approximately R$ 47 million for its remaining 99.99%,
which corresponds to the costs incurred by Marubeni in the project development up to
the present time.
The Cubatão Thermoelectric Power Plant is scheduled to go into operation by October 2007 supplying 47 MW and 415 t/h of steam to Petrobras’ Presidente Bernardes Refinery, Cubatão (RPBC). Surplus energy will be sold to the market. Petrobras will benefit from the synergies between RPBC and the UTE as well as from the integration of the latter with other plants operated by Petrobras. This acquisition is part of the Company’s corporate strategy of operating in the sector on an integrated basis in addition to the optimization of its position in the electric power market. http: //www.petrobras.com.br/ri/english
Contacts:
Petróleo Brasileiro S.A – PETROBRAS
Investor
Relations Department
Raul Adalberto de Campos– Executive Manager E-mail: petroinvest@petrobras.com.br Av. República do Chile, 65 - 4th floor 20031-912 – Rio de Janeiro, RJ (55-21) 3224-1510 / 9947 
This document may contain forecasts that merely reflect the expectations of the Company’s management. Such terms
as “anticipate”, “believe”, “expect”, “forecast”, “intend”, “plan”, “project”, “seek”, “should”, along with
similar or analogous expressions, are used to identify such forecasts. These predictions evidently involve risks
and uncertainties, whether foreseen or not by the Company. Therefore, the future results of operations may differ
from current expectations, and readers must not base their expectations exclusively on the information presented
herein.
SIGNATURE
Pursuant to
the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
Date: March 9, 2005
FORWARD-LOOKING
STATEMENTS
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. | ||||||||