COELCECompanhia Energética do Ceará
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Revenues advanced Euro 52 million (+31%) thanks to the 31% increase in tariffs for COELCE and the 15% hike for CERJ.
As a consequence of these operations, ENDESA has taken full control of CERJ and COELCE (Brazil), CODENSA and EMGESA (Colombia) and EDELNOR (Peru), resulting in these companies being consolidated by global integration method.
Since 1997, Endesa acquired equity stakes in Enersis in Chile, CODENSA and EMGESA in Colombia, and COELCE in Brazil.