Company description

Companhia Paranaense de Energia, also known as Copel and trading under the ticker ELP, is a Brazilian energy company founded in 1954. The company is headquartered in Curitiba, Brazil and is primarily engaged in the generation, transmission, distribution, and sale of electricity. Copel is the largest electric company in the state of Paraná, providing energy to over 4 million customers. The company operates several hydroelectric plants, thermal plants, and wind farms, making it one of the leaders in renewable energy in Brazil. In addition to its energy operations, Copel also offers telecommunications services through its subsidiary Copel Telecomunicações. The company has a strong commitment to sustainability and has implemented numerous initiatives to reduce its carbon footprint and promote social and environmental responsibility. Copel has received several awards for its environmental efforts, including being recognized as one of the most sustainable companies in Latin America. With a solid financial standing and a dedication to providing reliable and sustainable energy, Copel continues to be a leading player in the energy sector in Brazil.