Companhia Paranaense De Energia Pfd Class B (ELP) has released an update.
Companhia Paranaense de Energia – COPEL has reported a significant 51.2% annual increase in its fourth-quarter profit, reaching R$ 943.8 million, with the financial leverage ending at 1.9 times due to a successful primary public offering. The company plans substantial investments, including R$4 billion for renewing hydroelectric plant concessions and over R$2.5 billion for distribution and generation improvements, aiming to bolster operational efficiency and regulatory asset remuneration base. These financial and strategic moves are part of COPEL’s commitment to enhancing infrastructure and maintaining an aggressive investment strategy into the following year.
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