By Brazil Stock Guide – The state of Goiás raised R$227 million (US$40 million) on Friday (Oct. 3) through the sale of CELGPAR’s holdings in four electricity ventures at an auction held on B3 in São Paulo. Governor Ronaldo Caiado struck the gavel in a symbolic gesture marking one of the final privatization moves of his administration.
EDP Transmissão Goiás acquired 100% of Firminópolis Transmissão and Lago Azul Transmissão for R$83.6 million (US$14.7 million), while Órion Transmissão bought 49% of Pantanal Transmissão for R$43.1 million (US$7.6 million). Hy Brazil Energia secured 20% of Energética Fazenda Velha with a bid of R$8.7 million (US$1.5 million), and Neoenergia Renováveis paid R$91.8 million (US$16.1 million) for 37.5% of Energética Corumbá III.
Caiado framed the auction as part of a broader strategy to reduce state expenditures and rely more heavily on private investment. “The state must focus on its true responsibilities—health, education, security—while the private sector drives business opportunities,” he said.
Adriano da Rocha Lima, secretary-general of Goiás and chairman of CELGPAR, emphasized that the divestment process faced unexpected challenges but was conducted with transparency and technical rigor. Rogerio Santana, director of client relations at B3, underscored the exchange’s role in connecting “quality projects with investors” for over three decades.