CEMIG
Encyclopedia
CEMIG is a Brazil
ian power company headquartered in Belo Horizonte
capital of Minas Gerais
. The company is one of the largest power generator and distributor in Brazil being responsible for 12% of the national distribution.
CEMIG is present in 15 Brazilian States and in Chile. With around 50 power plants in operation, most of them hydroelectric. The company owns around 6,000 MW of generation capacity. Cemig also owns a cable television, internet and telecommunications business called Infovias which uses the company's transmission and distribution lines. Meanwhile a business called Gasmig supplies natural gas in Minas Gerais. Just over half of Cemig's stock is owned by the state of Minas Gerais.
The company is responsible for serving about 18 million people in 774 municipalities of Minas Gerais and the management of the largest network of electricity distribution in South America, with more than 400 thousand km long. Cemig is one of the largest generators of the Country Park event for the Company consists of more than 64 hydroelectric plants, thermal and wind.
The stock is traded on BM&F Bovespa, where it is part of the Ibovespa
index. It is also traded on the New York Stock Exchange
and Latibex an index for Latin companies in Madrid Stock Exchange.
The company is being included in the new Global Dow (Dow Jones index that has 150 companies meant to track worldwide stock performance).
Brazil
Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...
ian power company headquartered in Belo Horizonte
Belo Horizonte
Belo Horizonte is the capital of and largest city in the state of Minas Gerais, located in the southeastern region of Brazil. It is the third largest metropolitan area in the country...
capital of Minas Gerais
Minas Gerais
Minas Gerais is one of the 26 states of Brazil, of which it is the second most populous, the third richest, and the fourth largest in area. Minas Gerais is the Brazilian state with the largest number of Presidents of Brazil, the current one, Dilma Rousseff, being one of them. The capital is the...
. The company is one of the largest power generator and distributor in Brazil being responsible for 12% of the national distribution.
CEMIG is present in 15 Brazilian States and in Chile. With around 50 power plants in operation, most of them hydroelectric. The company owns around 6,000 MW of generation capacity. Cemig also owns a cable television, internet and telecommunications business called Infovias which uses the company's transmission and distribution lines. Meanwhile a business called Gasmig supplies natural gas in Minas Gerais. Just over half of Cemig's stock is owned by the state of Minas Gerais.
The company is responsible for serving about 18 million people in 774 municipalities of Minas Gerais and the management of the largest network of electricity distribution in South America, with more than 400 thousand km long. Cemig is one of the largest generators of the Country Park event for the Company consists of more than 64 hydroelectric plants, thermal and wind.
The stock is traded on BM&F Bovespa, where it is part of the Ibovespa
Índice Bovespa
The Bovespa Index is an index of about 50 stocks that are traded on the São Paulo Stock, Mercantile & Futures Exchange ....
index. It is also traded on the New York Stock Exchange
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
and Latibex an index for Latin companies in Madrid Stock Exchange.