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This excerpt taken from the PBR 20-F filed May 22, 2009. Electricity
Sales
We participate in the Brazilian power market by selling
“standby availability” to public utilities in
regulated auctions and entering into bilateral contracts
primarily with power distribution companies. We sold an average
of 1,902 MWavg in 2008 compared to an average of
1,535 MWavg in 2007, a 24% increase. Our strategy also
includes exporting energy to neighboring countries. In 2008, we
exported 39.4 MWavg to Argentina and Uruguay.
Our gas-fired power plants have 4,550.0 gross MW of
installed capacity, equal to about 5% of Brazil’s total
power grid. We also control one oil-fired thermoelectric power
plant with 31.8 gross MW of installed capacity. At
year-end 2008, however, we had only 1,815 MW of commercial
capacity at these plants due to gas supply constraints.
Commercial capacity is the power-generating capacity that the
Brazilian regulator allows us to sell as determined by a
certification process.
Table of Contents
The table below shows our
installed capacity, certified commercial capacity and
electricity generation for each of the last three years:
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