Electrobras, short for Eletrobrás or Centrais Elétricas Brasileiras S.A., is a Brazilian state-owned energy company that operates in the electric sector. Founded in 1962, Electrobras is one of the largest power companies in Latin America and plays a critical role in the generation, transmission, and distribution of electricity throughout Brazil.
As a major holding company, Electrobras owns and controls several regional power companies known as Eletrobras companies which are responsible for different segments of the electric power industry. Electrobras' subsidiary firms operate power plants, transmission lines, and distribution networks, ensuring the provision of electricity to millions of households and businesses across the country.
Electrobras actively contributes to the development and modernization of Brazil's electricity system, in line with the national energy policies. It invests in research and development projects to promote sustainable and cleaner energy sources, including hydroelectric, wind, and solar power generation.
Being a state-owned company, Electrobras also acts as a key instrument in the implementation of the Brazilian government's strategies for the electric sector. It plays a fundamental role in the regulation and planning of the electricity market, ensuring adequate supply and promoting the integration of new technologies and renewable energy sources into the grid.
Overall, Electrobras is essential for the reliable provision of electricity and the advancement of Brazil's electric sector, driving economic growth and contributing to the well-being of its population.
The word "Eletrobras" is an acronym that stands for "Electrobrasileira". It is a combination of the Portuguese words "eletro" (short for "eletricidade", which means electricity) and "bras" (a shortened form of "brasileira", meaning Brazilian). The term was created in 1962 when the Brazilian government merged several state-owned electric power companies to form a single entity, which was named "Eletrobras".