Petrobras On TermoCamaçari Thermal Power Plant

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(Petrobras, 11.May.2021) — Petrobras, following up on the release disclosed on 16 March 2021, informs that the negotiation with the company Proquigel Química S.A. for the leasing of the TermoCamaçari Thermoelectric Plant (UTE TermoCamaçari), located in the state of Bahia, has ended unsuccessfully.

Thus, the company will begin the decommissioning process of UTE TermoCamaçari, whose concession has already been revoked by the Brazilian Electricity Power Regulator (Aneel), as disclosed to the market.

This transaction is aligned to optimize the portfolio and improve the allocation of the company’s capital, aiming to generate value for our shareholders.

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ENERGY ANALYTICS INSTITUTE (EAI) https://energy-analytics-institute.org

Energy Analytics Institute (EAI), formerly LatinPetroleum.com, is a Houston-established private organization with a satellite presence in Calgary, Mexico City and Venezuela where it operates under Editores LatinPetroleum SA. Since 1999, EAI has been a leader in energy news coverage of Latin America in particular. Coverage, run out of Latin America, now spans the world and encompasses nearly all energy and energy-related sectors.

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