Core+Gross Profits+Itaipu Binacional+2015+Discussion

"Itaipu is a company that does not get profit and that follows the accounting practices adopted in Brazil and Paraguay. Its financial bases are defined in Annex C of the Treaty. The document also provides that Eletrobras and Ande should contract the installed capacity available, which ensures a large predictability of revenues and reduces risks of hydrological crises, as receipts are related to the generation capacity, and not the amount of energy produced."