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CESP Snapshot
Privatization is the light at the end of the tunnel for Companhia Energética de São Paulo, one of Brazil's largest power generators. Known as CESP, the company is the largest generator of electricity used in the Brazilian state of São Paulo. CESP's six hydroelectric facilities (57 generation units) have a capacity of more than 7,456 MW. It gets most of its revenues from distribution utilities. São Paulo state government-controlled CESP previously had 22 power plants, but it spun off two generating companies and a transmission company in 1999. The slimmer CESP was targeted for auction, but the state government postponed the sale. CESP is restructuring its debt and is focusing on operational efficiency.
