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Loans and Financing (Tables)
 12 Months Ended
Dec. 31, 2021
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

 

22.2Breakdown 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

       
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

       
  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.