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Companhia Paranaense De Energia
Companhia Paranaense de Energia, also known as COPEL, is a Brazilian public company primarily engaged in the electricity sector. The company's activities include the generation, transmission, distribution, and sale of electricity in the Brazilian states of Paraná, Mato Grosso do Sul, and São Paulo.
COPEL is the largest power utility company in Paraná and one of the most important electricity companies in Brazil. It was founded in 1954 and is headquartered in Curitiba, Paraná.
The company's stock is listed on the Novo Mercado segment of the São Paulo Stock, Exchange (B3) under the ticker symbol "CPLE3" for common shares and "CPLE4" for preferred shares. COPEL also has American Depositary Receipts (ADRs) listed on the over-the-counter (OTC) market in the United States under the ticker symbol "ELPTY" for Level I ADRs and "ELPTR" for Level III ADRs.
As of 2021, COPEL's market capitalization stands at approximately $5.3 billion (BRL 28.6 billion), making it one of the larger publicly traded companies in Brazil. The company has a varied investor base, including institutional and individual investors from Brazil and abroad.
COPEL's business model is primarily based on generating electricity through hydroelectric, thermoelectric, and wind power plants, which are part of its portfolio of energy sources. The company has a diversified energy matrix, which helps mitigate risks associated with fluctuations in water levels, fuel prices, and weather conditions. COPEL's transmission and distribution operations ensure the transportation and delivery of electricity to end customers.
The company has been committed to expanding its renewable energy portfolio through strategic partnerships and investments in clean energy projects. In recent years, COPEL has invested significantly in modernizing its systems and incorporating advanced technologies to improve operations and efficiency. These initiatives are part of the company's ongoing efforts to address the growing demand for electricity and foster sustainable development in Brazil.
It is important to note that while I strive to provide accurate and up-to-date information, my knowledge is based on data available at the time of writing, and I cannot guarantee that all the details mentioned here remain accurate or up-to-date. I encourage you to consult official and reputable sources, such as the company's financial statements or official websites, for the most accurate information.