Petrobras announces it has executed an agreement with Grupo Électricité de France (EDF) to sell its 10% interest in thermoelectric power plant Norte Fluminense (NTF). The thermoelectric Norte Fluminense is a combined cycle thermal power plant that uses the natural gas produced in Campos Basin as fuel and operates with three gas turbines and a vapor one. The plant has an installed capacity of 869 MW. Petrobras will continue to supply natural gas to NTF.

The EDF Group, current controller of the plant with a 90% interest, is an integrated French energy company, operating in the areas of energy generation, transmission, distribution, supply and sale. The Group is the main electricity producer in Europe.

This transaction is part of Petrobras’ portfolio restructuring in the Gas and Energy area, within the scope of its 2014-2018 Business and Management Plan.