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v3.22.1

Loans and Financing (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Schedule of borrowings | Schedule of borrowings
|  |  |  |  |  |  |  | Contractual | Effective |  | 12.31.2021 | 12.31.2020
|  |  |  | Issue | Number of | Final | Payment | financial | interest | Contract
Contracts | Company | Allocation | Guarantees | Date | installment | maturity | of charges | charges p.y. | rate p.y. | amount
FOREIGN CURRENCY |  |  |  |  |  |  |  |  |  |  |  |
National Treasury Department (STN - Secretaria do Tesouro Nacional) |  |  |  |  |  |  |  |  |  |  |  |
Par Bond | Copel | Debt negotiation | Guarantees deposited (22.1). | 05.20.1998 | 1 | 04.11.2024 | Half-yearly | 6.0% + 0.20% | 6.0% + 0.20% | 17,315 | 89,058 | 82,933
Discount Bond | 05.20.1998 | 1 | 04.11.2024 | Half-yearly | 1.0625% + 0.20% | 1.0625% + 0.20% | 12,082 | 61,514 | 57,404
Total foreign currency |  |  |  |  |  |  |  |  |  |  | 150,572 | 140,337
LOCAL CURRENCY |  |  |  |  |  |  |  |  |  |  |  |
Banco do Brasil |  |  |  |  |  |  |  |  |  |  |  |
CCB 306.401.381 (a) | Copel HOL | Working capital. | Credit assignment | 07.21.2015 | 2 | 03.25.2023 | Quarterly | 135.00% of DI | 145.46% of DI | 640,005 | 641,207 | 640,177
|  |  |  |  |  |  |  |  |  |  | 641,207 | 640,177
Caixa Econômica Federal |  |  |  |  |  |  |  |  |  |  |  |
415.855-22/14 | Copel DIS | Rural Electricity Program - Luz para Todos. | Own revenue; issue of promissory notes and commercial duplicates. | 03.31.2015 | 120 | 12.08.2026 | Monthly | 6.0% | 6.0% | 16,984 | 9,580 | 11,496
3153-352 | Acquisition of machinery, equipment and IT and automation equipment. | Assignment of trade notes receivable. | 11.01.2016 | 36 | 12.15.2021 | Monthly | 5.5 % above TJLP | 5.5 % above TJLP | 1,156 | - | 165
|  |  |  |  |  |  |  |  |  |  | 9,580 | 11,661
Banco do Nordeste do Brasil |  |  |  |  |  |  |  |  |  |  |  |
35202166127989 | Jandaíra I | Implementation of Jandaíra complex wind. | Bank guarantee | 05.31.2021 | 192 | 06.15.2038 | Monthly | 2.7086% + IPCA (1) | 3.0107% + IPCA | 21,687 | 7,312 | -
35202164527986 | Jandaíra II | 05.31.2021 | 192 | 06.15.2038 | Monthly | 2.7086% + IPCA (1) | 3.0107% + IPCA | 56,421 | 18,424 | -
35202162927987 | Jandaíra III | 05.31.2021 | 192 | 06.15.2038 | Monthly | 2.7086% + IPCA (1) | 3.0107% + IPCA | 65,158 | 21,645 | -
35202160027984 | Jandaíra IV | 05.31.2021 | 192 | 06.15.2038 | Monthly | 2.7086% + IPCA (1) | 3.0107% + IPCA | 65,421 | 22,058 | -
35201915725525 | Potiguar B141 | Implementation of Vilas complex wind. | Fiduciary assignment of credit rights; fiduciary assignment of rights under the O&M contract; fiduciary assignment of rights arising from the authorization; pledge of shares; fiduciary alienation of project machinery and equipment; 100% bank guarantee; fiduciary assignment of the Debt Service Reserve Accounts; fiduciary assignment of the operating reserve account (O&M); Shareholder support agreement | 04.04.2019 | 216 | 04.15.2039 | Monthly | IPCA + 2.3323% p.y. | IPCA + 2.3323% p.y. | 92,138 | 94,781 | -
35201922425522 | Potiguar B142 | 04.04.2019 | 216 | 04.15.2039 | Monthly | IPCA + 2.3323% p.y. | IPCA + 2.3323% p.y. | 92,213 | 94,809 | -
35201926525533 | Potiguar B143 | 04.11.2019 | 216 | 04.15.2039 | Monthly | IPCA + 2.3323% p.y. | IPCA + 2.3323% p.y. | 92,138 | 94,453 | -
35201910625534 | Ventos de Vila Paraíba IV | 04.18.2019 | 216 | 05.15.2039 | Monthly | IPCA + 2.3323% p.y. | IPCA + 2.3323% p.y. | 92,138 | 96,237 | -
352020148727169 | Potiguar B61 | 08.11.2020 | 216 | 08.15.2040 | Monthly | IPCA + 1.4865% p.y. | IPCA + 1.4865% p.y. | 163,886 | 176,324 | -
|  |  |  |  |  |  |  |  |  |  | 626,043 | -
Banco do Brasil - BNDES Transfer |  |  |  |  |  |  |  |  |  |  |  |
21/02000-0 | Copel GeT | Implementation of Mauá HPP. | Revenue from energy sales from the plant. | 04.16.2009 | 179 | 01.15.2028 | Monthly | 2.13% above TJLP | 2.13% above TJLP | 169,500 | 72,109 | 83,936
|  |  |  |  |  |  |  |  |  |  | 72,109 | 83,936
(a) Debt renegotiated in March 2021, with changes in the amortization dates and the amount of financial charges.
(1) - IPCA used in the calculation of interest and not in updating the principal.
(continued)
|  |  |  |  |  |  |  | Contractual | Effective |  | 12.31.2021 | 12.31.2020
|  |  |  | Issue | Number of | Final | Payment | financial | interest | Contract
Contracts | Company | Allocation | Guarantees | Date | installment | maturity | of charges | charges p.y. | rate p.y. | amount
BNDES |  |  |  |  |  |  |  |  |  |  |  |
820989.1 | Copel GeT | Implementation of Mauá HPP. | Revenue from energy sales from the plant. | 03.17.2009 | 179 | 01.15.2028 | Monthly | 1.63% above TJLP | 1.63% above TJLP | 169,500 | 72,109 | 83,935
1120952.1 | Implementation of transmission line between Foz do Iguaçu and Cascavel Oeste substations. | Assignment of receivables; revenue from energy transmission services. | 12.16.2011 | 168 | 04.15.2026 | Monthly | 1.82% and 1.42% above TJLP | 1.82% and 1.42% above TJLP | 44,723 | 14,431 | 17,756
1220768.1 | Implementation of Cavernoso II SHP. | Revenue from energy sales from the plant. | 09.28.2012 | 192 | 07.15.2029 | Monthly | 1.36% above TJLP | 1.36% above TJLP | 73,122 | 36,593 | 41,405
13211061 | Implementation of Colíder HPP. | Assignment of receivables | 12.04.2013 | 192 | 10.15.2031 | Monthly | 0% and 1.49% above TJLP | 6.43% and 7.68% | 1,041,155 | 680,413 | 748,083
13210331 | Implementation of Cerquilho III substation. | 12.03.2013 | 168 | 08.15.2028 | Monthly | 1.49% and 1.89% above TJLP | 1.49% and 1.89% above TJLP | 17,644 | 8,758 | 10,069
15206041 | Implementation of transmission line Assis - Paraguaçu Paulista II. | 12.28.2015 | 168 | 06.15.2030 | Monthly | 2.42% above TJLP | 9.04% | 34,265 | 18,151 | 20,280
15205921 | Implementation of transmission lines Londrina - Figueira and Salto Osório - Foz do Chopim. | 12.28.2015 | 168 | 12.15.2029 | Monthly | 2.32% above TJLP | 8.93% | 21,584 | 10,822 | 12,171
18205101 | Implementation of Baixo Iguaçu HPP. | 11.22.2018 | 192 | 06.15.2035 | Monthly | 1.94% above TJLP | 8.5% | 194,000 | 171,447 | 184,087
19207901- A+B+E+F+G+H | Implementation of transmission facilities for the line: substation Medianeira; substation Curitiba Centro and Curitiba Uberaba and substation Andirá Leste. | 06.03.2020 | 279 | 12.15.2043 | Monthly | IPCA + 4.8165% | IPCA + 4.8570% | 206,882 | 185,532 | 158,351
19207901- C+D+I+J | Implementation of transmission facilities for the line: transmission line Curitiba Leste - Blumenal and Baixo Iguaçu - Realeza. | 06.03.2020 | 267 | 12.15.2043 | Monthly | IPCA + 4.8165% | IPCA + 4.8570% | 225,230 | 162,773 | 110,699
14205611-A | Copel DIS | Preservation of business, improvements, operating support and general investments in the expansion and consolidation of projects and social investment programs of companies (ISE). | Surety of Copel; assignment of revenues and indemnity rights under the concession. | 12.15.2014 | 72 | 01.15.2021 | Monthly | 2.09% above TJLP | 8.37% | 41,583 | - | 585
14205611-B | 12.15.2014 | 6 | 02.15.2021 | Annual | 2.09 above TR BNDES | 2.09 above TR BNDES | 17,821 | - | 4,329
14205611-C | 12.15.2014 | 113 | 06.15.2024 | Monthly | 6.0% | 6.0% | 78,921 | 19,595 | 27,434
14205611-D | 12.15.2014 | 57 | 02.15.2021 | Monthly | TJLP | TJLP | 750 | - | 2
14.2.1271.1 | Santa Maria | Construction and implementation of wind generating plants. | Surety of Copel; pledge of shares; assignment of receivables and revenues. | 06.01.2015 | 192 | 08.15.2031 | Monthly | 1.66% above TJLP | 8.26% | 71,676 | 37,771 | 41,665
14.2.1272.1 | Santa Helena | 06.01.2015 | 192 | 08.15.2031 | Monthly | 1.66% above TJLP | 8.26% | 82,973 | 40,983 | 45,208
11211521 | GE Farol | Pledge of shares; assignment of receivables from energy sales from the project; assignment of machinery and equipment. | 03.19.2012 | 192 | 06.15.2030 | Monthly | 2.34% above TJLP | 2.34% above TJLP | 54,100 | 33,570 | 37,470
11211531 | GE Boa Vista | 03.19.2012 | 192 | 06.15.2030 | Monthly | 2.34% above TJLP | 2.34% above TJLP | 40,050 | 24,818 | 27,701
11211541 | GE S.B. do Norte | 03.19.2012 | 192 | 06.15.2030 | Monthly | 2.34% above TJLP | 2.34% above TJLP | 90,900 | 56,287 | 62,824
11211551 | GE Olho D’Água | 03.19.2012 | 192 | 06.15.2030 | Monthly | 2.34% above TJLP | 2.34% above TJLP | 97,000 | 60,113 | 67,096
18204611 | Cutia | Pledge of shares; assignment of receivables. | 10.10.2018 | 192 | 07.15.2035 | Monthly | 2.04% above TJLP | 8.37% | 619,405 | 563,569 | 588,169
13212221 - A | Costa Oeste | Implementation of transmission line between Cascavel Oeste and Umuarama Sul substations and implementation of Umuarama Sul substation. | Assignment of receivables; 100% of pledged shares. | 12.03.2013 | 168 | 11.30.2028 | Monthly | 1.95% + TJLP | 1.95% + TJLP | 27,634 | 14,898 | 17,046
13212221 - B | 12.03.2013 | 106 | 09.30.2023 | Monthly | 3.5% | 3.5% | 9,086 | 1,396 | 2,194
14205851 - A | Marumbi | Implementation of transmission line between Curitiba and Curitiba Leste and implementation of Curitiba Leste substation. | 07.08.2014 | 168 | 06.30.2029 | Monthly | 2.00% + TJLP | 2.00% + TJLP | 33,460 | 19,444 | 22,029
14205851 - B | 07.08.2014 | 106 | 04.30.2024 | Monthly | 6.0% | 6.0% | 21,577 | 5,285 | 7,550
|  |  |  |  |  |  |  |  |  |  | 2,238,758 | 2,338,138
Total local currency |  |  |  |  |  |  |  |  |  |  | 3,587,697 | 3,073,912
|  |  |  |  |  |  |  |  |  | Gross debt | 3,738,269 | 3,214,249
|  |  |  |  |  |  | (-) Transaction cost | (59,825) | (25,718)
|  |  |  |  |  |  |  |  |  | Net debt | 3,678,444 | 3,188,531
|  |  |  |  |  |  |  |  |  | Current | 579,770 | 717,677
|  |  |  |  |  |  |  |  |  | Noncurrent | 3,098,674 | 2,470,854
DI - Interbank Deposit Rate
IPCA - Inflation Index (Índice Nacional de Preços ao Consumidor Amplo, in Portuguese)
Breakdown of loans and financing by currency and index |
22.2 | Breakdown of loans and financing by currency and index
|  | 12.31.2021 | % | 12.31.2020 | %
Foreign currency - change in currencies in the period (%) |  |  |  |
U.S. Dollar | 7.39 | 150,572 | 4.09 | 140,337 | 4.40
|  | 150,572 | 4.09 | 140,337 | 4.40
Local currency - indexes at period end (%) |  |  |  |  |
TJLP | 5.32 | 1,916,561 | 52.11 | 2,090,340 | 65.56
CDI | 9.15 | 639,555 | 17.39 | 638,431 | 20.02
IPCA | 10.06 | 935,900 | 25.44 | 270,749 | 8.49
Without indexer (annual fixed rate) | - | 35,856 | 0.97 | 48,674 | 1.53
|  | 3,527,872 | 95.91 | 3,048,194 | 95.60
|  | 3,678,444 | 100.00 | 3,188,531 | 100.00
Schedule of maturity of noncurrent installments | Schedule of maturity of noncurrent installments
12.31.2021 | Gross debt | (-) Transaction cost | Net debt
2023 | 565,417 | (3,852) | 561,565
2024 | 391,018 | (3,554) | 387,464
2025 | 239,612 | (3,550) | 236,062
2026 | 240,120 | (3,553) | 236,567
2027 | 240,037 | (3,552) | 236,485
After 2027 | 1,477,704 | (37,173) | 1,440,531
| 3,153,908 | (55,234) | 3,098,674
Schedule of changes in debentures | Schedule of changes in debentures
| Foreign currency | Local currency | Total
Balance as of January 1, 2020 | 108,983 | 3,033,400 | 3,142,383
Funding | - | 263,000 | 263,000
Charges | 6,928 | 176,337 | 183,265
Monetary and exchange variations | 31,189 | 5,869 | 37,058
Amortization - principal | - | (253,700) | (253,700)
Payment - charges | (6,763) | (176,712) | (183,475)
Balance as of December 31, 2020 | 140,337 | 3,048,194 | 3,188,531
Effect of acquisition of control of Vilas Complex | - | 514,272 | 514,272
Funding | - | 134,313 | 134,313
(-) Transaction costs | - | (1,647) | (1,647)
Charges | 6,218 | 191,398 | 197,616
Monetary and exchange variations | 10,266 | 31,091 | 41,357
Amortization - principal | - | (202,577) | (202,577)
Payment - charges | (6,249) | (187,172) | (193,421)
Balance as of December 31, 2021 | 150,572 | 3,527,872 | 3,678,444
The financial covenants contained in the agreements are presented below: | The financial covenants contained in the agreements are presented below:
Company | Contract | Annual financial ratios | Limit
Copel GeT | BNDES Finem No. 820989.1 - Mauá | EBITDA / Net financial results | ≥ 1.3
Banco do Brasil No. 21/02000-0 - Mauá
Copel DIS | BNDES Finem No. 14205611 | Financial indebtedness / adjusted EBITIDA | ≤ 4.0
Santa Maria | BNDES Finem No. 14212711 | Debt service coverage ratio | ≥ 1.3
Santa Helena | BNDES Finem No. 14212721
São Bento Energia, Investimento e Participações | BNDES Assignment Agreement | Debt service coverage ratio | ≥ 1.3
GE Boa Vista S.A. | BNDES Finem No. 11211531
GE Farol S.A. | BNDES Finem No. 11211521
GE Olho D´Água S.A. | BNDES Finem No. 11211551
GE São Bento do Norte S.A. | BNDES Finem No. 11211541
Cutia | BNDES Finem No. 18204611 | Debt service coverage ratio (a) | ≥ 1.2
Costa Oeste | BNDES Finem No. 13212221 | Debt service coverage ratio | ≥ 1.3
Marumbi | BNDES Finem No. 14205851 | Debt service coverage ratio | ≥ 1.3
Financing for businesses - Finem
(a) financial ratio calculated based on the amounts of the consolidated financial statements of Cutia Empreendimentos Eólicos S.A.

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