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ENEVA S.A. – In Judicial Recovery
CNPJ/MF: 04.423.567/0001-21
Publicly Held Corporation
MATERIAL FACT NOTICE
Rio de Janeiro, April 30, 2015 – ENEVA S.A. – In Judicial Recovery (“ENEVA” or “Company”)
(BM&FBOVESPA: ENEV3, GDR I: ENEVY), in compliance with article 157, paragraph 4 of Law 6404/1976 and
CVM Instruction 358/2002, as amended, hereby informs its shareholders and the market in general that,
along with Parnaíba I Geração de Energia S.A., Parnaíba II Geração de Energia S.A. (“Parnaíba II”), Parnaíba III
Geração de Energia S.A. and Parnaíba IV TPP Consortium (jointly “Parnaíba Complex Plants”) entered
yesterday into a settlement agreement with Parnaíba Gás Natural S.A. (“PGN”) and BPMB Parnaíba S.A.
(“BPMB”), natural gas suppliers of the Parnaíba Complex Plants, aiming to prevent potential disputes
concerning the natural gas supply, in view of the provisions of the Consent Decree (“TAC”) entered into by
the Company, Parnaíba II and Aneel – Brazil’s National Electric Energy Agency, as disclosed in the Notices to
the Market dated August 5, 2014 and November 21, 2014.
Said agreement provides, inter alia, that PGN and BPMB will grant discounts on the natural gas supply to
Parnaíba Complex Plants in the following amounts: (i) R$141.8 million, as for the startup date postponement
of Parnaíba II, monthly due from April 2015 to September 2016; and (ii) R$167.0 million, equivalent to 50%
of the fixed revenue reduction of Parnaíba II, amounting to R$334.1 million as provided for in the TAC, due
from 2022 to 2036.
The agreement also provides for the extension of the natural gas supply contract of Parnaíba II until the end
of its PPAs – Power Purchase Agreements, as provided for in the TAC, i.e. April 30, 2036.
The conclusion of the agreement is an important step to increase economic and financial feasibility of the
Parnaíba Complex Plants, especially Parnaíba II.
Ricardo Levy
Executive Vice-President and Investor Relations Officer
ENEVA S.A. – In Judicial Recovery
ABOUT ENEVA
ENEVA is a power generation and trading company, with complementary businesses in natural gas exploration and production. The Company
currently has 2.9GW of gross installed capacity, which places it among the largest private power generation companies in Brazil. ENEVA also owns an
interest in natural gas onshore blocks in the Parnaíba Basin.
Investor Relations:
Rodrigo Vilela
Carlos Cotrim
+55 21 3721-3030
[email protected]
ir.eneva.com.br
Press:
Marina Duarte +55 21 3721-3373 / + 55 21 98132-0459