Juiz de Fora Thermoelectric Plant Acquisition


(Rio de Janeiro, October 4, 2007). – PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces that it has signed a purchase and sale agreement with ENERGISA S.A. for 100% of the stock of the Usina Termelétrica Juiz de Fora S/A. Also informs that Petrobras Comercializadora de Energia Ltda., signed an agreement for the right to market the power to ENERGISA S.A.’s subsidiaries located in Northeastern Brazil. The operation is worth approximately R$204 million.

The Juiz de Fora Thermoelectric Plant runs on natural and has an installed power for 87 MW in single cycles. It is located in the Benfica Industrial District, in the city of Juiz de Fora, State of Minas Gerais, and has power sales agreements valid through 2022.

This operation is in line with the objectives set forth by Petrobras’ Strategic Plan that seeks to consolidate the company as an integrated energy corporation. Furthermore, it also represents a possibility for synergies with Petrobras’ current assets in the continent.

The company will keep the market informed regarding the conclusion of the operation, since it is subject to the fulfillment of preceding conditions which include not only securing approval from regulatory agencies but also other adjustments that are normally carried out in operations of this nature (in the due diligence process).