PBR Petroleo Brasileiro S.A. Petrobras
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of May, 2021
Commission File Number 1-15106
PETRÓLEO BRASILEIRO S.A. – PETROBRAS
(Exact name of registrant as specified in its charter)
Brazilian Petroleum Corporation – PETROBRAS
(Translation of Registrant's name into English)
Avenida República do Chile, 65
20031-912 – Rio de Janeiro, RJ
Federative Republic of Brazil
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F _______
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____
Petrobras signs agreement to sell thermoelectric plants
Rio de Janeiro, May 3, 2021 - Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on August 14,2020, informs that today it signed a contract with São Francisco Energia S.A., a subsidiary of Global Participações em Energia S.A., for the sale of three fuel oil-powered thermoelectric plants, located in Camaçari, in the state of Bahia (Camaçari Cluster UTEs).
The sale price is R$ 95 million and does not take into account the adjustments foreseen in the contract until the closing of the transaction, which is subject to the fulfillment of precedent conditions, such as the approvals of the Administrative Council for Economic Defense (CADE) and the National Agency for Electrical Energy (ANEEL).
It is worth clarifying that the divestment project of UTE Canoas, located in the state of Rio Grande do Sul, remains in progress and the subsequent steps will be disclosed to the market in due course.
This disclosure to the market is in accordance with Petrobras' internal rules and with the special regime for divestment of assets by federal mixed economy companies, provided for in Decree 9,188/2017.
This operation is aligned with the company's portfolio optimization strategy and capital allocation improvement, aiming to maximize value for its shareholders.
About the thermoelectric plants
The Camaçari Cluster UTEs are Petrobras' assets and encompass the Arembepe, Bahia 1, and Muricy plants, with a total installed capacity of 329 MW. The plants operate with fuel oil and have energy commercialization contracts in the regulated market valid until December 2023 for UTEs Arembepe and Muricy, and until December 2025 for UTE Bahia 1.
About Global Participações em Energia S.A.
Global Participações em Energia S.A. has operated in the power generation segment since 2001, controlling seven plants, distributed in the states of Rio Grande do Norte, Amazonas, Tocantins and Bahia. It has great experience in operating fuel oil thermoelectric plants, and the acquisition of the Arembepe, Muricy and Bahia 1 UTEs is strategic because it expands its portfolio of generation assets, especially in Bahia, where it’ already operates two similar plants.
For more information:
PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Investors Relations
Av. República do Chile, 65 – 1803 – 20031-912 – Rio de Janeiro, RJ.
Tel.: 55 (21) 3224-1510/9947 | 0800-282-1540
This document may contain forecasts within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Trading Act of 1934, as amended (Trading Act) that reflect the expectations of the Company's officers. The terms: "anticipates", "believes", "expects", "predicts", "intends", "plans", "projects", "aims", "should," and similar terms, aim to identify such forecasts, which evidently involve risks or uncertainties, predicted or not by the Company. Therefore, future results of the Company's operations may differ from current expectations, and the reader should not rely solely on the information included herein.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: May 3, 2021
PETRÓLEO BRASILEIRO S.A–PETROBRAS
By: /s/ Rodrigo Araujo Alves
Rodrigo Araujo Alves
Chief Financial Officer and Investor Relations Officer