About Us

About us

ENEVA is an integrated power generation company with supplementary businesses in electric power generation and hydrocarbon exploration & production in Brazil.

Currently, we own 2.2 GW in thermal generation plants, representing 9% of the country's thermal generation capacity. The total installed capacity will reach 2.8 GW by 2024, with 3 new thermal power plants (TPP's) in operation.

In 2019, ENEVA was the second largest natural gas operator in Brazil, with a production capacity of 8.4 million m³ a day. In 2021, with the beginning of operations in the Amazon Basin, the natural gas production capacity will reach 9.0 million m³ per day. We currently operate 10 natural gas fields in the Parnaíba and Amazon Basin and, in addition, we have concession agreements for exploration & production of hydrocarbons in over 50,000 km².

Eneva pioneered the adoption of Reservoir-to-Wire (R2W) – a business model that provides a full integration from natural gas exploration till the trade of the generated energy. Operating across the whole value chain, gives Eneva a growth platform to capture a wide variety of opportunities in strategic areas in the energy sector.


R2W Model - Complete integration from Exploration to Energy Sales to the Grid

Eneva's unique set of competencies

The R2W Model and Eneva’s Unique Set of Competencies 
Reservoir to Wire: Complete integration from Exploration to Energy Sales to the Grid

Competitive Advantage: Seamless Integration of E&P and Utilities Competencies

Natural Gas: The transition fuel

According to recent data released by the Power Planning Company (Empresa de Planejamento Energético in Portuguese. Acronym: EPE), of the Projection of the 2029 Expansion Ten Year Plan, the Brazilian energy matrix will incorporate, until 2029, approximately 33 GW of renewable energy (wind and solar). These sources of energy are considered intermittent and non-dispatchable. Thus, in order to guarantee the security of the Brazilian energy system, the EPE also signals that approximately 23 GW of gas thermal power plants will be added to the system by 2029. This source is considered non-intermittent, dispatchable at any time and, therefore, reliable.

Projection of the 2029 Expansion Ten Year Plan (PDE 2029) – Power Planning Company (EPE):

Thus, it can be concluded that natural gas will play a fundamental role in the transition to a cleaner energy matrix. In addition to offering a more competitive cost to end consumers, natural gas has the lowest emission rates of greenhouse gases when compared to other fuels such as coal, oil and diesel. Generation by natural gas emits up to twice less tCO2e/MW (tons of carbon dioxide equivalent per megawatt) when compared to generation by other fossil fuels.

In this sense, Eneva promotes and leverages the Brazilian energy transition through exploration and natural gas production in the Parnaíba and Amazon Basin, enabling the increase in capacity for the country’s thermal gas energy generation, meeting Brazil’s growing need for cleaner sources and efficient thermal energy. In addition, in all our activities the company seeks to operate efficiently, pursuing best practices to reduce emissions in our operations.

As an example, we can highlight the winning, in 2019, of Aneel’s 1st Auction for the Isolated System, with the Jaguatirica II TPP project, with an installed capacity of 132 MW, which will go into operation in the second half of 2021. This thermoelectric power plant from Eneva is being implemented in the municipality of Boa Vista, State of Roraima, where it will replace an important part of the generation with oil fuel, with a forecast of 35% reduction in CO2 emissions (carbon dioxide), 99% NOx (generic representation of nitrogen oxides) and up to 43% in the State’s generation cost. The power plant will consume the natural gas extracted and produced in the Field of Azulão, in the State of Amazonas, which will be transported in liquefied form through the road connecting Manaus to Boa Vista.