CEMIG Secures GSF Credits and Plans Financial Valuation
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CEMIG announced that its subsidiary won an auction for Generation Scaling Factor (GSF) credits, extending concessions for three hydroelectric plants with a total investment of R$200 million. The State of Minas Gerais authorized a Request for Information for consultants to prepare CEMIG’s economic valuation report for debt amortization. Analysts rate CIG stock as a Buy with a $2.00 target, highlighting strong financial performance and growth potential, despite some regulatory risks. CEMIG operates in the Brazilian energy sector, focusing on electricity generation and transmission.
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