In 2024, the Company contributed BRL 16 million for the development of 16 RDI projects. Of these, six were completed in 2024, nine are scheduled for completion in 2025, and one in 2027. The projects cover strategic topics such as the environment, dam safety, energy efficiency, basin and reservoir management, security and monitoring, alternative energy generation sources, and systems planning (EU 8).
Norte Energia has robust governance and fiscal control structures, comprised of the Supervisory Board and the Audit, Compliance and Risk Committee, responsible for periodically overseeing audit management and tax risk assessment. Tax management is conducted by the respective management area, subordinate to the Chief Administrative, Financial and Investor Relations Officer. The area is periodically evaluated by Internal Audit and, on a monthly basis, complies with the internal controls established by the Internal Controls, Risk and Compliance area. Norte Energia does not have a formal tax management strategy; however, its tax approach is based on the principles established in the Company's Code of Conduct and Ethics, which mandates strict compliance with Brazilian law in all areas of operation.
Transparency is a fundamental value for the Company, and tax payable amounts as well as savings are disclosed monthly to shareholders. Furthermore, tax processes are assessed annually by external auditors and periodically by tax consulting firms, ensuring tax compliance.
Norte Energia seeks to reduce its tax burden, improve its results, and direct its investments to the project's area of influence. In 2024, the Company collected its own taxes, withheld at source from third parties and related to Financial Compensation for the Use of Water Resources (CFURH), benefiting the municipalities of the State of Pará and the Union.
At Norte Energia, we believe that good economic performance must go hand in hand with creating value for society as a whole. In 2024, while we consolidated BRL 6,249,120 in net operating revenue (8% growth compared to the previous year), we faced climate and market challenges that reduced our Ebitda by 9%.
The numbers only tell part of our journey. Our investments seek to balance financial performance and positive social impact. Every megawatt generated drives regional development. And it is with transparency in our operations that we build solid relationships with all our stakeholders.
This is how our operating model works: the Company's growth is directly connected to the progress of surrounding communities and the sustainability of the territory where we operate.