Eletrobras (, full name: Centrais Elétricas Brasileiras S.A.) is a major Brazilian electric utilities company. The company's headquarters are located in Rio de Janeiro. It is Latin America's biggest power utility company, tenth largest in the world, and is also the fourth largest clean energy company in the world. Eletrobras holds stakes in a number of Brazilian electric companies, so that it generates about 40% and transmits 69% of Brazil's electric supply. The company's generating capacity is about 51,000 MW, mostly in hydroelectric plants. The Brazilian federal government owned 52% stake in Eletrobras until June 2022, the rest of the shares traded on B3. The stock is part of the Ibovespa index. It is also traded on the Nasdaq Stock Market and on the Madrid Stock Exchange. History Eletrobras was established in 1962 during João Goulart's presidency. Operations Eletrobras is an electric power holding company. It is the largest generation and transmission company in Brazil. Through its subsidiaries it owns about 40% of Brazil's generation capacities and controls 69% of the National Interconnected System. Eletrobras stands as the biggest company of the electric power sector in Latin America. Subsidiaries Among Eletrobras' subsidiaries, there are generation and transmission companies. Eletronorte (Centrais Elétricas do Norte do Brasil S.A.) is responsible for the power generation, transmission and distribution in the states of Amazonas, Pará, Acre, Rondônia, Roraima, Amapá, Tocantins and Mato Grosso. Eletrobras Eletropar acts in participations of other energy companies. Eletronet - 49.27% CESP - 4.77% EMAE - Empresa Metropolitana de Águas e Energia - 1.42% AES Eletropaulo - 2.03% CPFL Energia - 1.15% CTEEP - 0.66% Energias de Portugal - 3.09% Itaipu Binacional - 50.00% CHESF (Companhia Hidro-Elétrica do São Francisco; São Francisco's Hydroelectric Company) generates and transmits electric power from hydroelectric plants to all of the cities in northeast of Brazil. It owns 14 hydroelectric energy plants and 1 thermoelectric energy plant. Sinval Zaidan Gama was made CEO in January 2017. The main source of energy is the São Francisco River. Eletrobras CGTEE was a Brazilian power company created on July 11, 1997. It is active in the state of Rio Grande do Sul. Eletrobras Cepel Eletrobras Eletronuclear Eletrobras Eletrosul Eletrobras Furnas Itaipu Binacional International activities Eletrobras was authorized by Act 11.651, sanctioned on April 7, 2008, to operate abroad as an investor in the power sector, by means of consortiums and/or specific purposes companies; it may also have control