ENEVA's management, in consultation with the company's main shareholders and banks, has designed a refinancing plan to further stabilize the financial structure of the company. The plan involves equity and debt measures and will be implemented over the course of this year. As part of these measures, E.ON will contribute €200 million in proportion to its ownership stake.

The agreement builds on a steady improvement in the operating performance of the company's generation fleet. In recent months, the company has achieved substantial operating improvements resulting in a higher availability of its power plants. With a total operational capacity of approximately 2,400 megawatts, ENEVA has made a significant contribution to Brazil's supply security during a tight power market resulting from a prolonged drought.

E.ON board member Jørgen Kildahl stated: "Over the past several months ENEVA has delivered a good operational performance. We're pleased that - together with the other main shareholders and banks providing financing - we're able to support ENEVA's management to realize the company's significant potential. Brazil's tight power supply situation demonstrates how important and valuable reliable generating capacity is. ENEVA already ranks among Brazil's most important providers of such capacity."

This press release may contain forward-looking statements based on current assumptions and forecasts made by E.ON Group management and other information currently available to E.ON. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. E.ON does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.
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