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Loans and Financing | 12 Months Ended
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Dec. 31, 2024
Notes and other explanatory information [abstract] |
Loans and Financing | 19. Loans and Financing
Company | Contracts | Guarantees (b) |  | 12.31.2024 |  |  | 12.31.2023 |  |
Copel GET | Itaú Unibanco S.A | Personal guarantee |  | 1,036,260 |  |  |  | 1,039,097 |  |  |
Banco do Brasil - BNDES Transfer | Revenue from energy sales from the plant. |  | 37,507 |  |  |  | 49,263 |  |  |
BNDES | Revenue from energy sales from the plant; revenue from energy transmission services; assignment of receivables |  | 597,912 |  |  |  | 1,206,251 |  |  |
|  |  |  | 1,671,679 |  |  |  | 2,294,611 |  |  |
Copel DIS | Banco do Brasil (a) | Personal guarantee |  | 751,522 |  |  |  | 751,096 |  |  |
Caixa Econômica Federal | Own revenue; issue of promissory notes and commercial duplicates. |  | 3,831 |  |  |  | 5,748 |  |  |
BNDES | Surety of Copel; assignment of revenues and indemnity rights under the concession. |  | — |  |  |  | 3,919 |  |  |
|  |  |  | 755,353 |  |  |  | 760,763 |  |  |
Jandaíra Wind Complex | Banco do Nordeste do Brasil | Bank guarantee |  | 178,407 |  |  |  | 191,532 |  |  |
Vilas Wind Complex | Banco do Nordeste do Brasil | Bank guarantee |  | 505,155 |  |  |  | 524,162 |  |  |
Aventura Wind Complex | Banco do Nordeste do Brasil | Bank guarantee |  | 313,777 |  |  |  | 324,309 |  |  |
SRMN Wind Complex | Banco do Nordeste do Brasil | Bank guarantee |  | 531,766 |  |  |  | 544,563 |  |  |
Brisa Wind Complex | BNDES | Surety of Copel; pledge of shares; assignment of receivables and revenues. |  | 56,551 |  |  |  | 63,572 |  |  |
São Bento Wind Complex | BNDES | Pledge of shares; assignment of receivables from energy sales; assignment of machinery and equipment. |  | 116,679 |  |  |  | 136,448 |  |  |
Cutia | BNDES | Assignment of receivables; 100% of pledged shares. |  | 497,199 |  |  |  | 521,972 |  |  |
Costa Oeste | BNDES | Assignment of receivables; 100% of pledged shares. |  | 8,657 |  |  |  | 10,778 |  |  |
Marumbi | BNDES | Assignment of receivables; 100% of pledged shares. |  | 11,972 |  |  |  | 15,267 |  |  |
|  | Gross debt | 4,647,195 |  |  |  | 5,387,977 |  |  |
|  | (-) Transaction cost | (28,401) |  |  |  | (44,760) |  |  |
|  | Net debt | 4,618,794 |  |  |  | 5,343,217 |  |  |
|  | Current | 1,231,205 |  |  |  | 675,980 |  |  |
|  | Noncurrent | 3,387,589 |  |  |  | 4,667,237 |  |  |
(a) In December 2024, the addendum to the Bank Credit Note issued by Copel DIS in favor of Banco do Brasil was formalized, defining the remuneration rate at CDI + 1.08% p.a. and changing the final maturity date to June 2028. (b) For all contracts, except for the Banco do Brasil loan from Copel DIS, there is a surety guarantee from Copel or Copel GET. The average debt cost is disclosed in Note 32.3. 19.1. Maturity of noncurrent installments
12.31.2024 | Gross debt | (-) Transaction cost | Net debt
2026 | 193,613 |  | (2,527) |  | 191,086 |
2027 | 572,461 |  | (2,529) |  | 569,932 |
2028 | 558,002 |  | (2,292) |  | 555,710 |
2029 | 184,589 |  | (2,058) |  | 182,531 |
2030 | 179,263 |  | (2,012) |  | 177,251 |
After 2030 | 1,723,051 |  | (11,972) |  | 1,711,079 |
| 3,410,979 |  | (23,390) |  | 3,387,589 |
19.2. Changes in loans and financing
|  |  | Total
Balance as of January 1, 2023 |  |  | 4,650,363 |
Effect of acquisition of control of Vilas Complex |  |  | 875,738 |
Funding |  |  | 45,325 |
(-) Transaction costs (a) |  |  | (6,886) |
Charges |  |  | 525,598 |
Monetary and exchange variations |  |  | 35,184 |
Amortization – principal |  |  | (260,971) |
Payment – charges |  |  | (521,134) |
Balance as of December 31, 2023 |  |  | 5,343,217 |
Funding |  |  | 5,051 |
(-) Transaction costs |  |  | (1,693) |
Charges |  |  | 481,768 |
Monetary and exchange variations |  |  | 31,156 |
Amortization – principal |  |  | (261,753) |
Payment – charges |  |  | (471,276) |
Reclassification (b) |  |  | (507,676) |
Balance as of December 31, 2024 |  |  | 4,618,794 |
(a) Balance refers to the financial consideration (waiver) paid as a result of the process of transforming Copel into a Corporation. (b) The balance was reclassified to Liabilities classified as held for sale (Note 37). 19.3. Covenants Loans and financing agreements contain clauses that require economic and financial ratios to be maintained within pre-determined parameters, requiring annual fulfillment and other conditions to be complied with, such as not changing the Company's interest in the capital stock of subsidiaries that would represent change of control without prior consent. The non-compliance with the contracted conditions may result in the need to comply with additional obligations, in fines or even in the declaration of the early maturity of debts. On December 31, 2024, all the agreed contractual indicators and conditions were fully met. Under the Cutia Wind Complex financing agreement, the Company was granted authorisation by BNDES AEC/DEENE2 No. 49/2024 on December 23, 2024 to temporarily replace the current ICSD (Debt service coverage ratio) calculation procedure with the calculation of the ICSD and Leverage Index (Net debt / EBITDA) based on the consolidated financial statements of Companhia Paranaense de Energia - Copel, until 2029. The financial covenants contained in the agreements are presented below:
Company | Contractual Instrument | 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
Commercial paper | Debt service coverage ratio Consolidated net debt / Consolidated EBITDA | ≥ 1,5 ≤ 3,5
Cutia | BNDES Finem nº 18204611
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
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

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