Cemig invests R$1 billion in Minas Gerais in the first quarter of 2024

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Focusing on operations focused on Minas Gerais, Cemig made investments of around R$1.019 billion in the first quarter of this year alone, which represents an increase of 36% compared to the same period in 2023. The data was released at the close of the financial market last Friday (10/5).

By 2028, the company will invest R$35 billion in the state, of which R$23 billion will be allocated to the distribution sector. By the end of the year, the company will invest more than R$6 billion.

The distribution segment was the main highlight of the company’s investment plan in the first quarter. In the first three months of 2024, R$881 million was allocated to increase energy supply and make the network even more resilient.

Also in the same period, Cemig allocated R$315 million to carry out 6,741 works in Minas Gerais.

For the construction of new substations, R$209 million were invested. Cemig is increasing the number of these installations in the state by 50% and will deliver, in this first half of the year, the 100th substation of the Mais Energia program, reaching 500 units in its concession area.

“Cemig is completely focused on Minas Gerais and, in recent years, we have been breaking investment records. The company is resuming its role as protagonist and driver of economic development for society. In this way, we are bringing quality energy to our customers and generating jobs and income for the population”, says company president Reynaldo Passanezi Filho.

Preventive maintenance

Throughout the year, Cemig will invest more than R$300 million in preventive maintenance in its concession area. The work will intensify during the dry season, from April to September this year.

In the Metropolitan Region of Belo Horizonte (RMBH) alone, R$58 million will be allocated. Reinforcing the network is important to contribute to the resilience of the network and the reliability of the Minas Gerais electrical system in situations of extreme weather events, which have been common in Brazil in recent years.

With these resources, the company plans to carry out more than 500,000 tree prunings across the state and carry out inspections of the medium voltage network (urban and rural) using drones and thermal vision equipment.

In addition, it will replace equipment (crosses, poles, insulators and lightning rods) and carry out strip cleaning on more than 42 thousand kilometers of distribution networks. The company will also intensify the establishment of agreements with municipal governments for vegetation management.

Resources for gas pipeline generation and implementation

Aiming to expand its generating complex, Cemig is also investing in the construction of two solar parks in Minas Gerais. These plants will add 187 MWp (peak megawatts) of installed power to the company and will begin operation soon.

In the first quarter of this year, the company invested R$28 million in the transmission system and R$27 million in modernizing and improving its energy generation park.

In March this year, Gasmig, a Cemig Group company, began construction work on a gas pipeline that will benefit the western region of Minas Gerais and generate 15 thousand jobs.

The company’s total investment is around R$800 million and will benefit eight cities in Minas Gerais – Betim, Divinópolis, Igarapé, Itaúna, Juatuba, Mateus Leme, São Joaquim de Bicas and Sarzedo.

The project will allow an increase of around 300 kilometers in the length of system lines, an increase of more than 23% of the company’s current network.

The project’s consumption potential is around 230 thousand cubic meters per day, with an estimated capture of a thousand new industrial and commercial customers.


The article is in Portuguese

Tags: Cemig invests billion Minas Gerais quarter

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