Copel approves R$17.8B multi-year investment to boost service quality
Rhea-AI Filing Summary
Companhia Paranaense de Energia – Copel (ELP) announced that its Board of Directors approved a capital expenditure program of R$ 17.8 billion for 2026–2030. The plan focuses on strengthening service quality and expanding operational efficiency, aligning investments with the company’s goal of generating sustainable value for shareholders and customers.
For 2026, Copel plans Capex of approximately R$ 3.0 billion
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Insights
Copel sets a sizable five-year capex plan focused on distribution and networks.
Copel approved a capital expenditure program of
For
The announcement does not detail funding sources or expected financial returns, so the direct earnings impact is not quantified here. Future disclosures in company filings may provide additional information on regulatory treatment of these investments, execution progress, and any revisions to the multi-year capex envelope.
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 November, 2025
Commission File Number 1-14668
COMPANHIA PARANAENSE DE ENERGIA
(Exact name of registrant as specified in its charter)
Energy Company of Paraná
(Translation of Registrant's name into English)
José Izidoro Biazetto, 158
81200-240 Curitiba, Paraná
Federative Republic of Brazil
+55 (41) 3331-4011
(Address of principal executive offices)
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____
COMPANHIA
PARANAENSE DE ENERGIA – COPEL
CNPJ/ME 76.483.817/0001-20 – NIRE 41300036535 – Registro CVM 1431-1
B3 (CPLE3, CPLE5)
NYSE (ELP, ELPC)
LATIBEX (XCOPA, XCOPO)
CAPEX of R$ 17.8 billion for the next 5 years
COPEL (“Company”) hereby informs its shareholders and the market in general that on November 18, 2025, the Company’s Board of Directors approved an investment program (“Capex”) in the amount of R$ 17.8 billion for the period from 2026 to 2030, with strategic allocation aimed at strengthening service quality and expanding operational efficiency, reinforcing the Company's commitment to generating sustainable value for its shareholders and customers.
For 2026, the investment plan calls for Capex of approximately R$ 3.0 billion, of which:
| · | Copel Distribuição will concentrate approximately R$ 1.9 billion, directed toward continuous improvement in quality and operational excellence. |
| · | Copel Geração e Transmissão will invest approximately R$ 1.0 billion, focusing on modernizing and increasing operational generation capacity, and reinforcing and improving transmission lines. |
| · | The remaining amount will be allocated to the areas of Commercialization, Services, and Holding, ensuring support for the group's strategic initiatives. |
| Subsidiary / SPE | Expected 2026 |
| Copel DisCo | 1,942.80 |
| Copel GenCo | 971.6 |
| Generation | 441.5 |
| Hydroelectric | 314.2 |
| Wind | 127.3 |
| Transmission | 449.8 |
| Reinforcements/Improvements | 414.6 |
| Other investments | 35.2 |
| Other Projects GenCo | 80.3 |
| Holding | 49.6 |
| Copel TradeCo | 1.9 |
| Copel Serviços and other equities1 | 55.4 |
| Total | 3,021.3 |
1Includes Copel's innovation plan and programs.
Curitiba, November 19, 2025
Felipe Gutterres
Vice-President of Financial and Investor Relations
For further information, please contact the Investor Relations team:
ri@copel.com or (41) 3331-4011
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 November 19, 2025
| COMPANHIA PARANAENSE DE ENERGIA – COPEL | ||
| By: |
/S/ Daniel Pimentel Slaviero |
|
| Daniel Pimentel Slaviero Chief Executive Officer |
||
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 of future 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.
FAQ
What capex plan did Copel (ELP) approve for 2026–2030?
Copel’s Board approved a capital expenditure program of R$ 17.8 billion covering the period from 2026 to 2030, focused on service quality and operational efficiency.
How much does Copel plan to invest in 2026 under the new capex program?
For 2026, Copel plans Capex of approximately R$ 3.0 billion, as part of the broader R$ 17.8 billion investment program for 2026–2030.
How is Copel’s 2026 capex allocated among its main subsidiaries?
In 2026, the plan allocates 1,942.8 to Copel DisCo, 971.6 to Copel GenCo, and 449.8 to transmission projects, with smaller amounts for holding, trading, services, innovation and other projects.
What strategic goals does Copel link to its R$ 17.8 billion capex plan?
Copel states that the investment program is strategically aimed at strengthening service quality, expanding operational efficiency, and reinforcing its commitment to generating sustainable value for shareholders and customers.
On which stock exchanges are Copel’s shares traded?
Copel is listed on B3 (tickers CPLE3 and CPLE5), on the NYSE (tickers ELP and ELPC), and on Latibex (tickers XCOPA and XCOPO).
Does Copel’s announcement include any forward-looking statement disclaimer?
Yes. Copel notes that the announcement may contain forward-looking statements, which are based on management’s current views and are subject to various risks, uncertainties, and assumptions that could cause actual results to differ materially.
