AES Tietê reported strong results for 2Q11. Energy generation was 41% higher than the physical guarantee. Net revenue increased 2% to R$409 million despite a 2% rise in costs. EBITDA reached R$304 million with a 74% margin. Net income grew 6% to R$161 million. The company invested R$34 million in power plant modernization and maintained a stable debt position with an average nominal cost of CDI + 1.2% per year.
One of the many causes of failure of Off-grid electrification project is not involving the community in the development of project. A model has been developed and demonstrated for prefeasibility analysis of off-grid electrification projects. This model compares the two cases for each possible scenario for the site. Two cases are conventional off-grid electrification and off-grid electrification with investment in downstream productive activities. The model has been successfully demonstrated for Village Gorad, District Thane, Maharashtra, India. The results show that the sustainability of the project can be assured by initiating productive activities in the remote communities.
Dipresentasikan oleh Bapak Dwi Kusumantoro dari Sekretariat Jendral Dewan Energi Nasional pada IEA-APEC/ASEAN Emergency Response Exercise (ERE) yang berlangsung pada tanggal 2-3 Mai 2011 di Bangkok, Thailand.
One of the many causes of failure of Off-grid electrification project is not involving the community in the development of project. A model has been developed and demonstrated for prefeasibility analysis of off-grid electrification projects. This model compares the two cases for each possible scenario for the site. Two cases are conventional off-grid electrification and off-grid electrification with investment in downstream productive activities. The model has been successfully demonstrated for Village Gorad, District Thane, Maharashtra, India. The results show that the sustainability of the project can be assured by initiating productive activities in the remote communities.
Dipresentasikan oleh Bapak Dwi Kusumantoro dari Sekretariat Jendral Dewan Energi Nasional pada IEA-APEC/ASEAN Emergency Response Exercise (ERE) yang berlangsung pada tanggal 2-3 Mai 2011 di Bangkok, Thailand.
Presentation by Board Chair Michael T. Hogan and Assistant General Manager Dennis Cushman provided to the San Diego County Taxpayers Association on Nov. 18. Topics include an overview of the Water Authority's lawsuit against MWD regarding rates.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Safalta Digital marketing institute in Noida, provide complete applications that encompass a huge range of virtual advertising and marketing additives, which includes search engine optimization, virtual communication advertising, pay-per-click on marketing, content material advertising, internet analytics, and greater. These university courses are designed for students who possess a comprehensive understanding of virtual marketing strategies and attributes.Safalta Digital Marketing Institute in Noida is a first choice for young individuals or students who are looking to start their careers in the field of digital advertising. The institute gives specialized courses designed and certification.
for beginners, providing thorough training in areas such as SEO, digital communication marketing, and PPC training in Noida. After finishing the program, students receive the certifications recognised by top different universitie, setting a strong foundation for a successful career in digital marketing.
Normal Labour/ Stages of Labour/ Mechanism of LabourWasim Ak
Normal labor is also termed spontaneous labor, defined as the natural physiological process through which the fetus, placenta, and membranes are expelled from the uterus through the birth canal at term (37 to 42 weeks
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
2. 2Q11 Highlights
Energy generation 41% higher than physical guarantee
Operational
Operational R$ 34 million invested, mainly, in the modernization of the Nova Avanhandava (347 MW), Ibitinga
(132 MW) and Caconde (80 MW) power plants
Net revenue of R$ 409 million, 2% higher than 2Q10
2% increase in costs and operational expenses, below inflation1
Finance
Finance
Ebitda reached R$ 304 million, with margin of 74%
Net income of R$ 161 million, increased 6% comparing to 2Q10
AES Eletropaulo bilateral contract adjusted from R$ 159,85/MWh to R$ 173,68/MWh
Dividends distribution on 22th September 2011, corresponding to 112% of net income
Subsequent
Subsequent Went into commercial operation on July 20th, 2011, the PCH São Joaquim, with 3 MW of installed
Events
Events capacity, located in São João da Boa Vista (SP); the operation of PCH São José, with 4 MW of
installed capacity, will take place in 2H11
Winner of 4th Abrasca Value Creation Award - Sector Highlight 2011 – Energy, as the best model
for creating value between 2008 and 2010
1 – IGP-M, 8,6% for the 12 months ended in 06/30/2011 2
3. High level of AES Tietê’s reservoirs
reflects the good rainfall level during 2Q11
Reservoirs level of AES Tietê’s power plants1
97%
95%
98%
92%
94%
89%
87%
85%
82%
84%
85%
85%
Caconde Água Barra Bonita Promissão Caconde HPP
Vermelha
1Q09 1Q10 1Q11
1 – As of 06/30/2011 3
4. High operational availability with energy generation 41%
higher than physical guarantee in 2Q11
Energy Generation (MW Avg.1)
130% 141%
125%
133%
118%
1,665 1,640
1,599 1,604
1,512
2008 2009 2010 2Q10 2Q11
Generation - Mwavg Generation/Physical guarantee
1 – Generated energy divided by the amount of period hours
4
5. Energy generated by AES Tietê’s power plants offset the 44%
reduction in generation of Nova Avanhandava
Energy Generation (GWh)
2Q10 2Q11
4%
Agua Vermelha 5%
3% 4%4%
5%
Promissão 5% 5%
Ibitinga 6%
10%
Nova Avanhandava
6%
Bariri 5%
60% 62%
Barra Bonita
A 9%
*
Euclides da Cunha 9%
Other Power Plants*
3,582 GWh 3,503 GWh
* Caconde, Limoeiro, Mogi, SHPPs 5
6. Investments in the modernization of Nova Avanhandava,
Ibitinga and Caconde power plants
Investments (R$ million) 2Q11 Investments
78%
169
13
82
12 156 18%
57 4%
13 34
70 16 6
43 1
15 28
2009 2010 2011 (e) 2Q10 2Q11 Equipment and Modernization
New SHPPs*
Investments New SHPPs*
* Small Hydro Power Plants IT projects
6
7. Brazil needs to add 25 GW2 up to 2020
Installed Capacity – GW 1 Growth by source – new auctions
CAGR Total = 25 GW 2
+ 5%
166 171
156 163
149
136 142 14 19
133 8 11 2
124 3 5 Thermal
116 2 42 42 42 6 GW2
Hydro
23 24 29 34 38 8 GW
6 14
110 110 110 110 110 110 110 110 110 110
Wind/
Renewable
11 GW
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Current installed capacity Auctioned Upcoming auctions
2
1 – Source: EPE (Ten-year Energy Plan – 2011 - in Public Hearing) 2 – Amount related to thermal power plant is an estimate of the Company
2
110
42
38
34
29
24
19
23
11
14
8
5
3
6 7
8. Opportunity to develop a gas-fired power plant project
Thermal power plant project - Thermo SP
• Project features • Next events
- Combined cycle using natural gas
- 18th august 2011: Public hearing in the
- Estimated investment of R$ 1.1 billion municipality of Lorena
- Natural gas consumption: 2.5 million m3/day - 2nd half of 2011: Power Auction realization
A -5 (expected)
• Opportunities Gas production - 10³ boe/day1
- Increased natural gas production due to the
activities of the pre-salt
- New Run-of-the-river (ROR) power plants create
opportunities for thermal power plants 1,109
623
321 316 384
274 277 273
2005 2006 2007 2008 2009 2010 2014 2020
1 – Source: Petrobras (Estrategic Petrobras 2020 Plan) 8
9. Higher 2Q11 volume of billed energy through CCEE and
other bilateral contracts
Billed Energy (GWh)
- 5%
7,881
7,507
132
201
949
847
1,146 + 7%
1,425
3,862
3,605
93
80
306 423
5,653 580 838
5,034
2,639 2,508
1H10 1H11 2Q10 2Q11
AES Eletropaulo Energy Reallocation Mechanism Spot Market Other Bilateral Contracts
9
10. Growth in net revenue, reflecting sales volume of CCEE and
other bilateral contracts
Net revenue (R$ million)
- 4%
863
826
17
26
26
32 + 2%
403 409
10 12
820 768 10 15
383 382
1Q10 1Q11 2Q10 2Q11
AES Eletropaulo Spot/Energy Reallocation Mechanism Other bilateral contracts
10
11. Increased costs with PMSO2 below inflation
Costs and operational expenses1 (R$ million)
9 8
1 1
102 105
2Q10 Personnel, Financ. Comp. Energy Operational 2Q11
Material and for Use of Water Purchased for Provisions
Outsourced Res. and Resale and Other
Services Transmission Operating Exp
and Connection
1 – Do not include depreciation and amortization 2 – PMS = Personnel, Material and Outsourced Services
11
13. Financial result benefited by exchange of debt
in May, 2010
Financial Results (R$ million)
1H10 1H11 2Q10 2Q11
-
(13)
(28)* (24) (28)
- 53%
-15%
* Excluding non-recurring effect of R$ 42.6 million related to FURNAS, the financial results would be R$ 71.0 million
13
14. Net income favored by revenue growth and good
performance of the financial result
Net Income (R$ million)
111% 111%
6% 4%
Distribution of R$ 179.5 million in dividends
114% 112% related to 2Q11:
- R$0.45 per common share
2% 2%
- R$0.49 per preferred share
371 354 - Ex-dividends: August 12th, 2011
- Date of payment: September 22nd, 2011
151 161
1 1
1H10 1H11 2Q10 2Q11
Pay-out
Yield Preferred Shares Net income
371
354
151
161
1 – Pay-out referred to dividends paid in the 2Q10 in relation to the net income adjusted by the IFRS 14
15. Final cash balance reflects the bilateral contract’s seasonality
and increase in investment program
Operating Cash Flow (R$ million) Final Cash Balance (R$ million)
-14% - 37%
344 455
297
286
2Q10 2Q11 2Q10 2Q11
15
16. Stable debt, debentures maturing at the end of 2015 and
nominal cost of CDI + 1.20% per year
Net Debt (R$ billion) Average Cost and Average Term (Principal)
0,8
3.8
0,7
0,6 2.8
0.5x
0,5
0,4
0.4x
0,3
0,2
0,1
‐
111.9% 112.8%
0.6
0.5
2Q10 2Q11 2Q10 2Q11
13.9% Effective rate 14.3%
Net debt Net debt / EBITDA
1
Average Term - Years CDI
1 – Percentage of CDI 16
17. 2Q11 Results
The statements contained in this document with regard to the
business prospects, projected operating and financial results,
and growth potential are merely forecasts based on the
expectations of the Company’s Management in relation to its
future performance.
Such estimates are highly dependent on market behavior and
on the conditions affecting Brazil’s macroeconomic
performance as well as the electric sector and international
market, and they are therefore subject to changes.