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  September 5, 2001
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Home > Company Index > Utilities > Electric Utilities > Companhia Energética de Minas Gerais - Cemig

Companhia Energética de Minas Gerais - Cemig
 PROFILE
Companhia Energética de Minas Gerais (Cemig) gets its power from water. Cemig's 40 power plants, 36 of which are hydroelectric, give the utility a generating capacity of 5,600 MW. Cemig distributes power to more than 5 million customers populating the state of Minas Gerais in southeastern Brazil. Cemig also has a 49% stake in a company that provides cable TV, Internet, and other telecom services through a fiber-optic network laid out over Cemig's transmission and distribution lines. Subsidiary Gasmig supplies the state with natural gas. Cemig is a concessionaire of the state of Minas Gerais, which owns 23% of the company; US-based Southern Company and AES together own 13%.

 COMPETITION
Companhia Paranaense de Energia - COPEL (ELP)
EDP - Electricidade de Portugal, S.A. (EDP)
Eletropaulo Metropolitana Eletricidade de São Paulo S.A. (ELPL4)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 1,899.60
1-Yr. Sales Growth: 19.9%
Employees: 11,648
Revenue per employee: $163,083.79

 KEY PEOPLE
• Djalma Bastos de Morais
    CEO
• Cristiano Corréa de Barros
    CFO

 CONTACT INFO
Avenida Barbacena 1200
30123-970 Belo Horizonte Minas Gerais, Brazil
Phone: 55-31-349-2111
Fax: 55-31-299-4691
Online: Web Site

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