CIG - Companhia Ener de Minas Ger

CIG Stock Chart

CIG Profile

Companhia Energetica de Minas Gerais (CEMIG), along with its subsidiaries, operates extensively within Brazil's energy sector, focusing on the generation, transmission, distribution, and retailing of electricity. As of December 31, 2021, the company managed a diversified portfolio that included 70 hydroelectric, wind, and solar power plants, collectively boasting an installed capacity of 5,700 MW. CEMIG also maintained a robust infrastructure comprising 339,086 miles of distribution lines and 4,449 miles of transmission lines, enabling it to efficiently deliver electricity across its service areas.

In addition to its core energy operations, CEMIG is actively involved in various ancillary services within the energy sector. This includes the acquisition, transportation, and distribution of gas and its by-products, as well as the provision of cloud solutions, IT infrastructure, IT management, and cybersecurity services. The company also offers technology systems tailored for the operational management of public service concessions and engages in energy trading and telecommunications services.

Founded in 1952 and headquartered in Belo Horizonte, Brazil, CEMIG continues to expand its footprint in the energy market through initiatives in distributed generation, account services, cogeneration, energy efficiency, and supply chain management. The company plays a pivotal role in Brazil's energy landscape, driving innovation and sustainability in power generation and distribution.

CIG Revenue Chart

CIG Earnings

Analyst Ratings