6-K 1 elp20180727_6k.htm REVIEW OF THE CONSTRUCTION SCHEDULE elp20180727_6k.htm - Generated by SEC Publisher for SEC Filing
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

 
FORM 6-K
 
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
 
For the month of July, 2018
Commission File Number 1-14668
 

 
COMPANHIA PARANAENSE DE ENERGIA
(Exact name of registrant as specified in its charter)
 
Energy Company of Paraná
(Translation of Registrant's name into English)
 
Rua Coronel Dulcídio, 800
80420-170 Curitiba, Paraná
Federative Republic of Brazil
(5541) 3222-2027
(Address of principal executive offices)
 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.  Form 20-F ___X___ Form 40-F _______

 Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.  

Yes _______ No ___X____


 

 

Material Fact - 09/18

Review of the construction schedule

 

Companhia Paranaense de Energia – COPEL, a company that generates, transmits, distributes and sells power, with shares listed on the B3 (CPLE3, CPLE5, CPLE6), the NYSE (ELPVY, ELP) and the LATIBEX (XCOP), pursuant to the provisions of CVM Instruction No. 358/02, hereby announces to its shareholders and to the market in general that the construction schedule for the Cutia Wind Farm Complex and the Baixo Iguaçu Hydroelectric Power Plant were reviewed.

Cutia Wind Farm Complex

The start-up of the Cutia Wind Farm Complex, initially scheduled for July 2018, was revised to August 2018. In accordance with the Reserve Energy Agreement (CER), estimated revenue for the period between October 1, 2017 and the start-up of each generating unit of the wind farms will be retained and used to offset reimbursements due arising from any annual and/or four-year generation that is below the contracted amount. Any positive remaining amount will be recorded as credit.

It is worth mentioning that, pursuant to the CER, failure to deliver energy does not subject the seller to financial exposure in the Short-term Market.

 

 

Baixo Iguaçu Hydroelectric Power Plant

The start-up of the Baixo Iguaçu Hydroelectric Power Plant was revised, with the first generation unit expected to be in January 2019, while the previous information was that the start-up would be in November 2018. At the construction site, the second phase diversion activities, the assembly of the powerhouses and the spillway are fully in progress, as are the social, environmental and land-related feasibility programs.

 

 


 

 

Material Fact - 09/18

 

 

 

 

Curitiba, July 27, 2018.

 

 

 

 

 

 

 

 

Adriano Rudek de Moura

Chief Financial and Investor Relations Officer

 

 

 

 

 

 

 

 

 

 

 

 

For further information, please contact our Investor Relations team:

ri@copel.com or +55 (41) 3331-4011

 

 

 
SIGNATURE
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date July 27, 2018
 
COMPANHIA PARANAENSE DE ENERGIA – COPEL
By:
/S/  Jonel Nazareno Iurk
 
Jonel Nazareno Iurk
Chief Executive Officer
 
 
FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.