About Eneva

 

 

Federal Court Grants Pecém I and Itaqui Injunctions to Halt Unavailability Charges Rio de Janeiro, January 24, 2014  –  ENEVA S.A. (“ENEVA” or “Company”) (BM&FBovespa: ENEV3, GDR I: ENEVY) announced today that a Federal Court granted an injunction to the Company’s subsidiaries Porto do Pecém Geração de Energia S.A. (“Pecém I”) and Itaqui Geração de Energia S.A. (“Itaqui”) halting

unavailability charges measured on an hourly basis, effective immediately. Charges are paid with a two month delay and the next payment due would refer to December, 2013. The full text of the Court decision (Portuguese only) is available at  at http://ir.eneva.com.br. http://ir.eneva.com.br.  On January 07, 2014, Pecém I and Itaqui filed a lawsuit against Aneel, Brazil’s National Electric Energy Agency, questioning the penalties being charged on an hourly basis, considering that the Regulated Market Power Purchase Agreements (PPAs) provide for using the 60-month rolling average availability.

Eduardo Karrer

CEO and Investor Relations Officer  ENEVA S.A.

ABOUT ENEVA

ENEVA is a power generation and trading company, with complementary businesses in natural gas exploration and production. The Company currently has approximately 2.4GW of gross installed capacity in operation and is building over 524MW of additional capacity, which places it among the largest private power generation companies in Brazil. ENEVA also owns an interest in natural gas onshore blocks in the Parnaíba Basin, which have contracts to supply the Company’s integrated power plants with up to 8.4   3

million m  of natural gas per day. Investor Relations:

Flavia Heller Rodrigo Vilela Luiza Santoro +55 21 2163-4459  [email protected]  [email protected]  ir.eneva.com.br ir.eneva.com.br   Press:

Carla Assemany

+55 21 2163-7356 / +55 21 9953-7255

Isabella Paschuini Paschuini +55 21 2 2163-6114 163-6114 / +55 21 9 9847-0955 847-0955