Novo Estado Project begins commercial operations

ENGIE's Novo Estado (PNE) project in the states of Pará and Tocantins has received authorization from the National System Operator (ONS) to begin commercial operations of the Serra Pelada substation and its reactors, which characterizes the initial milestone of its operation.

"The Novo Estado Project is extremely important for the offtake of energy generated in the North of the country and its availability to other regions. The Serra Pelada substation will operate as a hub for the Xingu substation, into which are linked major hydroelectric plants, bringing both optimization and greater security to the National Interconnected System (SIN)", commented ENGIE Brasil Energia's (EGIE3) Chief Executive Officer, Eduardo Sattamini.

"In addition to promoting the development of Brazil in a balanced and just manner, our transmission line projects underscore the operational strategy of ENGIE as an investment platform in energy infrastructure", Sattamini completed.

The conclusion to the implementation of Novo Estado's assets in their entirety - 3,634 double circuit transmission towers,1,800 kms of transmission lines and a new substation together with the expansion of a further three existing substations, is scheduled for no later than the end of the second quarter 2022, a timeframe which anticipates the one in relation to the calendar agreed with the National Electric Energy Agency (Aneel).

About ENGIE

Our group is a global reference in low-carbon energy and services. Together with our 170,000 employees, our customers, partners and stakeholders, we are committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by our purpose ("raison d'être"), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers.
ENGIE is the largest private-sector power producer in Brazil, operating in generation, commercialization and transmission of electric power, gas transport and energy solutions. With an installed capacity of 10 GW from 69 power plants, which stands for about 6% of the country's capacity, the Company has nearly 97% of its installed capacity in the country from renewable sources and with low GHG emissions, such as hydro, solar and biomass power plants, and windfarms.

With the acquisition of TAG, ENGIE now also owns the largest natural gas transportation network in the country, at 4,500 km and transecting 10 states and 191 cities.

The Group is also among the largest distributed photovoltaic generation companies in the country and has a complete portfolio of integrated solutions focused on reducing costs and improving the infrastructure for companies and cities, such as energy efficiency, public lighting, energy monitoring and management. With 3,000 employees, ENGIE's turnover in Brazil in 2020 was R$ 13.3 billion.

The Group´s turnover in 2020 was of 55.8 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe, Euronext Vigeo Eiris - Eurozone 120/Europe 120/France 20, MSCI EMU ESG, MSCI Europe ESG, Euro Stoxx 50 ESG, Stoxx Europe 600 ESG, and Stoxx Global 1800 ESG).