Copel sees positive impact of $233 mm with hydrological risk agreement

The state-owned company Copel expects a positive impact of R$1.3 billion ($233 mm) on its cash generation measured by EBITDA when it records in its balance sheet the results of an agreement with the government and regulators on the so-called “hydrological risk” in the operation of its power plants. The estimate was presented by the company’s president in a conference call with shareholders on the results of 2020, when the company recorded a profit of R$3.9 billion ($696 mm), up 89.5% compared to 2019.

Source: Money Times