1. Home
  2. >
  3. Economy
  4. >
  5. Semig reports third quarter...

Semig reports third quarter profit up 4.6% to R$1.23 billion

Semig had a net profit of R$1.23 billion in the third quarter of 2023. With respect to the same period in 2022, this value represents an increase of 4.6%. Over the same period, Semig’s total net revenues were more than R$9.4 billion. These figures were released this Thursday (9).

Semig Group gained 178 thousand new customers in September 2023, bringing the consumer base to 9.17 million, an increase of 2% in relation to September 2022. Of this total, 9,166,273 are final and self-consumption consumers and 519 are other agents. Brazilian electricity sector.

In the third quarter, residential energy consumption increased by 6.2%, which can be explained by the increase in the number of consumers and the hot period and higher use of fans and air conditioning. In the same period, the company recorded a 1% growth in distributed energy compared to 2022.

Regarding gas, Gasmig saw a 16% increase in the number of customers compared to the third quarter of 2022, reaching 92,350 consumers. This growth is associated with the expansion of the residential base (+12.7 thousand customers).


Between January and September this year, SEMIG invested R$3.3 billion in Minas Gerais to improve energy distribution, production and transmission systems, in addition to gas distribution. These resources represent approximately 50% more than investments made in the same period last year, when R$2.2 billion was allocated.

The distribution sector, present in 774 municipalities in Minas Gerais, received the majority of resources, with more than R$2.3 billion invested in the maintenance and modernization of the electricity system. A highlight is the Mais Energia program, which includes the inauguration of substations and the expansion of energy supplies to Minas Gerais. The new substations of Bocaiuva, Paracatu, Cerro and Carmo do Rio Claro are some examples of installations opened in recent months and, according to the company, by the end of this year, 27 new installations will be delivered in the company’s concession area.

In the generation segment, SEMIG invested R$80 million in the expansion and modernization of its generating complex. According to the company, the UFVs Advogado Eduardo Soares, north of Minas, with a capacity of 100 MWp, and Juante, with 87 MWp, have already completed 80% of the work and should come into operation at the end of this year. In the transmission sector, the company invested R$123 million in reinforcement and improvement works.

Leave a Comment