Energias do Brasil, the Brazilian unit of Portuguese utility Energias de Portugal, has announced that its operating revenue increased 16.1% to R$1.17 billion in the third quarter of 2007 compared to the same period in the previous year. Energy volumes distributed in the quarter totaled 6,190GWh, up 3.7% over the same period in 2006.
Volumes were boosted by a growth in demand from residential and commercial customers. The volume of energy sold in the third quarter of 2007 was 1,433GWh, a 7% hike from the same quarter in 2006, reflecting sales from the fourth generating unit at the Mascarenhas hydro power plant and from the Sao Joao small hydro power plant.
The company said that its performance resulted mainly from the increase in generation capacity, as well as the growth in distributed and commercialized energy volumes, and also tariff hikes in the distribution and generation businesses.
Meanwhile, EBITDA reached R$317 million, a decrease of 6.6% when compared to last year.