The president of the Minas Gerais Court of Justice (TJ-MG) suspended Cemig hydroelectric dams to Amber, the group’s energy arm, brothers and Wesley Batista.
In the appeal decision, Judge Luiz Carlos de Azevedo Corrêa Junior said that the maintenance of the decision of the first instance would bring financial loss to CEMIG.
The event took place in December last year, when the amber finished for R $ 52 million Marmelos plants in Juiz de Fora, Martins in Uberlândia, sincerity, Manhuaçu and the SMP (small hydroelectric plant) Machado Mineiro, in red water.
The president of the TJ-MG denied the allegation of the plaintiffs of the public action that the sale of these assets would need to be approved by the Legislative Assembly and referendum, as it would be privatization of the company.
He accepted the state -owned argument that auctioned plants represent only 0.32% of his generation portfolio, which deconstruct privatization.
“Depending on the consolidated jurisprudence of the Federal Supreme Court, the sale of specific assets by public companies and mixed capital companies, when there is no loss of stock control, not subject to legislative authorization or bidding process,” says the magistrate in the decision.
Cemig stated in a statement that the auction is in accordance with the company’s strategic planning, which aims to allocate resources priority in more representative ventures for the company’s generator park.
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