Pursuant to Rule 13a-16 or 15d-16 of the
80420-170 Curitiba, Paraná
Federative Republic of Brazil
(5541) 3222-2027
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____
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IR 01/14 - COPEL raises R$ 1 billion
Companhia Paranaense de Energia - COPEL, pursuant to Securities and Exchange Commission of Brazil (CVM) Instruction 358/2002, informs its shareholders and the market in general that the Company, through its wholly-owned subsidiaries COPEL GeT and COPEL Renováveis, raised a total of R$ 1 billion and the proceeds were made available to COPEL on December 26, 2013.
COPEL GeT
Of the total amount, R$ 856.9 million were raised by COPEL GeT with the Brazilian Development Bank (BNDES), pursuant to Central Bank of Brazil (BACEN) n. 2827 Resolution, to build Colíder HPP (R$ 839.3 million) and Cerquilho III Substation (R$ 17.6 million). The table below shows details for this operation.
| Company | Project | Amount Approved (R$ million) |
Amount Released (R$ million) |
Index¹ | Period | Amortization² 1st Installment |
Last Installment |
| COPEL GeT | Colíder HPP³ | 1,041.2 | 839.3 | TJLP4 + 1.49% p.y.. | 192 months (16 years) |
Nov.15.2015 | Oct.15.2031 |
| Cerquilho III Substation | 17.6 | 17.6 | TJLP4 + 1.64% p.y. | 168 months (14 years) |
Sep.15.2014 | Aug.15.2028 | |
| Total | 1,058.8 | 856.9 | |||||
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¹ The index represents the w eighted average of the tranches comprising the total approved. | |||||||
The concession to operate the Colíder HPP (300 MW) was obtained in the ANEEL New Energy Auction 03/2010, held on July 30, 2010, and the Concession Agreement 01/2011 (effective for 35 years as of signing) was signed on January 17, 2011. A total of 125 average MW were traded at R$ 103.40/MWh on the reference date of August 1, 2010, subject to update by the consumer price index (IPCA). The remaining energy (54.6 average MW) is available for trading. COPEL had invested R$ 1,187.0 million in the Plant by September 2013.
The concession to operate the Cerquilho III Substation was obtained in the ANEEL Transmission Auction 01/2010, held on June 11, 2010, and the Concession Agreement 15/2010 (effective for 30 years as of signing) was signed on October 6, 2010. Annual permitted revenue totals R$ 3.3 million (base date June 2010), subject to update by the IPCA.
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COPEL Renováveis
Of the total amount, the remaining R$ 150,0 million were raised by the wind farms projects which will form the COPEL Renováveis wind farm complex through the issue, pursuant to n. 476 CVM Instruction, of Promissory Notes whose details are presented in the table below:
| Manager | Project | Amount (R$ million) |
Index | Maturity¹ |
| COPEL Renováveis |
Nova Asa Bran ca I | 22.0 | CDI² + 0.90% p. y. | Jun.24.2014 |
| Nova Asa Bran ca II | 22.0 | |||
| Nova Asa Bran ca III | 22.0 | |||
| Nova Eurus IV | 22.0 | |||
| Santa Maria | 25.0 | |||
| Santa Helena | 24.0 | |||
| Ventos de Santo Uriel | 13.0 | |||
| Total | 150.0 | |||
| ¹ Income and principal w ill be paid in the maturity date. ² Interbank Deposit Certificate Rate. | ||||
In August 2013, COPEL aquired by R$ 286.1 million the seven wind farm projects, which are located in Rio Grande do Norte State and totalize 183.6 MW of installed capacity, as described below:
| Auction | Project | Installed Capacity (MW) |
Assured Energy (average MW) |
Price* | Start up | CAPEX (R$ million) |
Authorization's Expiration |
| 2nd LFA 2010 (Aug. 6.2010) |
Nova Euros IV | 27.0 | 13.7 | 135.40 | March.15 | 399.9 | April.2046 |
| Nova Asa Branca I | 27.0 | 13.2 | 135.40 | April.2046 | |||
| Nova Asa Branca II | 27.0 | 12.8 | 135.40 | May.2046 | |||
| Nova Asa Branca III | 27.0 | 12.5 | 135.40 | May.2046 | |||
| 4th LER 2011 (Aug. 18.2011) |
Santa Maria | 29.7 | 15.7 | 101.98 | July.14 | 286.6 | May.2047 |
| Santa Helena | 29.7 | 16.0 | 101.98 | April.2047 | |||
| Ventos de Santo Uri el | 16.2 | 9.0 | 101.19 | April.2047 | |||
| TOTAL | 183.6 | 92.9 | 686.5 | ||||
| * Historical Price. The prices w ill be updated according to the IPCA. LFA - Auction of Alternative Sources. LER - Reserve Energy Auction. | |||||||
All the energy that will be generated was sold through 20 years term agreements.
Curitiba, January 14, 2014
Luiz Eduardo da Veiga Sebastiani
Chief Financial and Investor Relations Officer
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COMPANHIA PARANAENSE DE ENERGIA – COPEL | ||
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By: |
/S/ Lindolfo Zimmer
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Lindolfo Zimmer CEO |
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This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.