Eletrobras (NYSE: EBR) starts Manaus–Boa Vista line after R$3.3B build
Rhea-AI Filing Summary
Eletrobras reports that the Manaus–Boa Vista transmission line entered commercial operation on September 16, 2025, fully integrating the State of Roraima into Brazil’s National Interconnected System (SIN). The project required an investment of approximately R$ 3.3 billion and consists of 724 km of 500kV double-circuit transmission lines.
The company estimates an initial annual reduction of around 280 thousand tons of CO₂ due to lower use of non-renewable generation. The concession runs until 2051 and provides Annual Permitted Revenue (RAP) of R$ 562 million, based on September 2025 values. The project company, Transnorte Energia S.A. (TNE), is owned by Eletrobras and Alupar with stakes of 64.6% and 35.4%, and the current shareholders’ agreement allows Eletrobras to progressively increase its stake through future capital increases and a purchase option now available with the project in operation.
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Insights
Eletrobras brings major R$ 3.3B transmission project into operation.
Eletrobras has moved the Manaus–Boa Vista transmission line into commercial operation, a large-scale grid expansion that cost about R$ 3.3 billion and spans 724 km of 500kV double-circuit lines. This connects Roraima to the National Interconnected System, which can structurally change how the region is supplied with electricity by reducing reliance on isolated, non-renewable generation.
The concession for this asset runs until 2051 and earns Annual Permitted Revenue of R$ 562 million, based on September 2025 values, giving the project a long-term regulated cash flow profile. The concessionaire TNE is owned 64.6% by Eletrobras and 35.4% by Alupar, and the shareholders’ agreement allows Eletrobras to increase its stake through future capital increases and a purchase option that became exercisable once operations began.
The company also highlights an estimated reduction of about 280 thousand tons of CO₂ per year from lower non-renewable generation, which aligns the asset with environmental goals. Subsequent disclosures may clarify if and when Eletrobras uses its option to raise its ownership in TNE, which would further affect its exposure to this asset’s regulated revenue stream over the concession period.
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FAQ
What project did Eletrobras (EBR) place into commercial operation?
How much did Eletrobras invest in the Manaus–Boa Vista transmission line?
What environmental impact does the Manaus–Boa Vista line have for Eletrobras (EBR)?
What revenues and term are associated with this Eletrobras transmission concession?
Who owns Transnorte Energia (TNE), the concessionaire for the Manaus–Boa Vista line?
Can Eletrobras increase its stake in the TNE transmission project?
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of September, 2025
Commission File Number 1-34129
CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS
(Exact name of registrant as specified in its charter)
BRAZILIAN ELECTRIC POWER COMPANY
(Translation of Registrant's name into English)
Rua da Quitanda, 196 – 24th floor,
Centro, CEP 20091-005,
Rio de Janeiro, RJ, Brazil
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F _______
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No___X____
LISTED NYSE EBR & EBR.B Internet: www.eletrobras.com/elb/ri E-mail: ri@eletrobras.com Address: Av. Graça Aranha, 26 – 15th floor. 20030-900, Centro. Rio de Janeiro - RJ This document may contain estimates and projections that are not statements of past events, but reflect beliefs and expectations of our administration and may constitute estimates and projections of future events in accordance with Section 27A of the Securities Act of 1933, as amended, And Section 21E of the Securities and Exchange Act 1934, as amended. The words “believe”, “you will be able”, “you can”, “you will”, “you will”, “anticipates”, “intends”, “expects” and similar aims to identify estimates that necessarily involve risks and uncertainties, known or not. Known risks and uncertainties include, but are not limited to: General economic, regulatory, political and commercial conditions in Brazil and abroad, changes in interest rates, inflation and Real value, changes in volumes and patterns of consumer use of electricity, competitive conditions, our level of indebtedness, the possibility of receiving payments related to our receivables, changes in rainfall and water levels in the reservoirs used to operate our hydroelectric plants, our capital investment and financing plans, existing and future government regulations, And other risks described in our annual report and other documents registered to CVM and SEC. Estimates and projections refer only to the date on which they were expressed and we assume no obligation to update any of these estimates or projections due to the occurrence of new information or future events. The future results of the companies' operations and initiatives may differ from current expectations and the investor should not rely solely on the information contained herein. This material contains calculations that may not reflect accurate results due to rounding. Classificação: Pública TNE inaugurates the Manaus–Boa Vista transmission line Rio de Janeiro, September 22, 2025 – Centrais Elétricas Brasileiras S/A – Eletrobras, in continuation of the market announcements released on April 3, 2023, and July 2 and 8, 2025, informs that the Manaus–Boa Vista Transmission Line entered into commercial operation on September 16, 2025, integrating the State of Roraima into the National Interconnected System– SIN. The project involved an investment of approximately R$ 3.3 billion and comprises 724 km of 500kV double-circuit transmission lines. With the start of operations, an initial reduction of around 280 thousand tons of CO₂ per year is estimated, resulting from the decrease in non-renewable generation. The concession term runs until 2051, and the Annual Permitted Revenue - RAP is R$ 562 million, based on September 2025 values. The concessionaire Transnorte Energia S.A. - TNE, responsible for the project, has Eletrobras and Alupar as shareholders, with stakes of 64.6% and 35.4%, respectively. The current Shareholders’ Agreement provides for the progressive increase of Eletrobras’ stake, through future capital increases and a purchase option that can now be exercised with the project’s entry into operation. The completion of the Manaus–Boa Vista transmission line reinforces Eletrobras’ commitment to generating value for shareholders and reaffirms its ability to execute large-scale infrastructure projects with high technical, logistical, environmental, and social complexity. Eduardo Haiama Vice President of Finance and Investor Relations
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: September 22, 2025
| CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS | ||
| By: |
/S/ Eduardo Haiama |
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Eduardo Haiama Vice-President of Finance and Investor Relations |
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FORWARD-LOOKING STATEMENTS
This document may contain estimates and projections that are not statements of past events but reflect our management’s beliefs and expectations and may constitute forward-looking statements under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. The words “believes”, “may”, “can”, “estimates”, “continues”, “anticipates”, “intends”, “expects”, and similar expressions are intended to identify estimates that necessarily involve known and unknown risks and uncertainties. Known risks and uncertainties include, but are not limited to: general economic, regulatory, political, and business conditions in Brazil and abroad; fluctuations in interest rates, inflation, and the value of the Brazilian Real; changes in consumer electricity usage patterns and volumes; competitive conditions; our level of indebtedness; the possibility of receiving payments related to our receivables; changes in rainfall and water levels in reservoirs used to operate our hydroelectric plants; our financing and capital investment plans; existing and future government regulations; and other risks described in our annual report and other documents filed with the CVM and SEC. Estimates and projections refer only to the date they were expressed, and we do not assume any obligation to update any of these estimates or projections due to new information or future events. Future results of the Company’s operations and initiatives may differ from current expectations, and investors should not rely solely on the information contained herein. This material contains calculations that may not reflect precise results due to rounding.