BRAZIL Law and Practice Contributed by: Débora Yanasse, Bruno Salzano, Luisa Tortolano Barreto and Julia Braga, Tauil & Chequer Advogados in association with Mayer Brown
• Karpowership; • Comerc Energia;
• Evoltz; • Verene; and • Quantum Participações. Distribution The principal investor-owned companies in the distribution segment are: • Equatorial Energia SA; • Grupo Energisa SA; • Enel Brasil SA; • CPFL Energia SA; • Companhia Paranaense de Energia – COPEL; • Neoenergia SA; • Energias do Brasil SA – EDP Brasil; and • Light SA. 1.3 Foreign Investment Review Process Federal Control of Nuclear Power The only restriction to private investment in the power industry – whether foreign or domestic – is in nuclear power generation, as the Brazil- ian Federal Constitution provides for the federal government’s monopoly over this and does not provide for delegation of such activity through the granting of concessions, permissions or authorisations. Treatment of Foreign Companies Basic equality The Sixth Constitutional Amendment of 1995 revoked Article 171 of the Brazilian Federal Con- stitution, which provided for preferential treat- ment for companies controlled by Brazilians over companies directly or indirectly controlled by foreigners. Since then, equal and non-dis- criminatory treatment of companies, whether controlled by Brazilians or foreigners, has been a constitutional principle.
• Órigo Energia; • Pontal Energy; • IVI Energia; • GreenYellow; • Brennand Energia; • Rio Energy; • Canadian Solar; • Serena Energia SA; • Aliança Energia; • Voltalia SA; • Statkraft Energias Renováveis SA; • CER Energia; • Atlantic Energias Renováveis; • Echoenergia Participações SA;
• Acciona Energía; • Enerfin do Brasil; • Tradener; • Total Eren; and • Diamante Energia. Transmission Some of the principal investor-owned compa- nies in the transmission segment are: • Centrais Elétricas Brasileiras SA – Eletrobras; • Companhia de Transmissão de Energia Elé- trica Paulista – Isa CTEEP; • Transmissora Aliança de Energia Elétrica SA – TAESA; • State Grid Brazil Holding SA; • Alupar Investimentos SA; • Engie Brasil Energia SA; • Companhia Paranaense de Energia – COPEL; • Equatorial Energia SA; • Energias do Brasil SA – EDP Brasil;
• Grupo Energisa SA; • CPFL Energia SA; • Neoenergia SA; • Argo Transmissão de Energia SA; • Celeo Redes;
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