Company description

CIG, also known as Companhia Energética de Minas Gerais, is a Brazilian multinational energy company specializing in the generation, transmission, and distribution of electricity. Founded in 1952, the company is headquartered in Belo Horizonte, Brazil, and is listed on the New York Stock Exchange under the ticker CIG. With a strong presence in Brazil's energy market, CIG has over 30 power plants in operation and a total installed capacity of nearly 9.5 gigawatts. The company's main focus is on renewable energy sources, with over 80% of its energy generation coming from hydroelectric plants. CIG also has a significant stake in the natural gas market, with a pipeline network of over 9,000 kilometers. The company's commitment to sustainability and renewable energy has earned it recognition from organizations such as the Dow Jones Sustainability Index and the Carbon Clean 200. CIG's strong financial performance and strategic partnerships have solidified its position as a leading energy company in Brazil and a key player in Latin America.