SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of July, 2020
Commission File Number 1-34129
CENTRAIS ELÉTRICAS BRASILEIRAS S.A.
- ELETROBRÁS
(Exact name of registrant as specified in its
charter)
BRAZILIAN ELECTRIC POWER COMPANY
(Translation of Registrant's name into English)
Rua da Quitanda, 196 – 24th floor,
Centro, CEP 20091-005,
Rio de Janeiro, RJ, Brazil
(Address of principal executive office)
Indicate by check mark whether the registrant
files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F _______
Indicate by check mark whether the registrant
by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule
12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No___X____
RELEVANT FACT
CENTRAIS
ELÉTRICAS BRASILEIRAS S/A CNPJ: 00.001.180/0001-26 | NIRE: 533.0000085-9 PUBLIC COMPANY
Centrais Elétricas Brasileiras
S/A (“Company” or “Eletrobras”) (B3: ELET3, ELET5 & ELET6; NYSE: EBR & EBR.B; LATIBEX: XELT.O
& XELT.B) hereby informs its shareholders and the market in general that, in addition to the Relevant Fact disclosed on July
25, 2019, that the Board of Directors approved, on this date, the binding offers made by Omega Geração S.A. (“Omega”)
for the acquisition of the entire participation of Eletrobras in Special Purpose Companies ( “SPEs”) corresponding
to:
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78% of the share capital of Eólica Santa Vitória do
Palmar Holding S.A.;
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99,99% of the share capital of the SPEs: Hermenegildo I S.A., Hermenegildo
II S.A., Hermenegildo III S.A. e Chuí IX S.A..
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These participations constitute Lots
1 and 2, respectively, of the Competitive Sale Procedure No. 01/2019, according to the Eletrobras Notice No. 01/2019 (“Notice”).
The value of the firm proposal received,
in the form of the Notice, for Lot 1 was R$ 434,460,000.00 (four hundred and thirty-four million, four hundred and sixty thousand
reais), whereas for Lot 2 it was R$ 134,000,000.00 (one hundred and thirty-four million reais), the latter of which may be increased
by up to 15% depending on future energy generation. Both values are
referenced to 12/31/2018 and should be readjusted as provided for in the public call notice.
The proposals, after approval by the
Board of Directors, depend on a resolution of the General Shareholders' Meeting to be held on September 2, 2020, and the call notice
and Management proposal will also be released today.
These operations are part of the sale
of the remaining equity interests in Auction No. 01/2018, which took place on September 27, 2018.
The Company will keep the market informed
about the matter covered in this Relevant Fact.
Rio de Janeiro, July 30, 2020.
Elvira Cavalcanti Presta
CFO and Investor Relations Officer
This document may contain
estimates and forecasts that are not statements of fact that occurred in the past but reflect our management beliefs and expectations
and may constitute future events' forecasts and estimates under Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities and Exchange Act of 1934, as amended. The words "believe", "may", "estimate",
"continue", "anticipate", "intend", "expect" and related words are intended to identify
estimates that necessarily involve risks and uncertainties, known or unknown . Known risks and uncertainties include, but are not
limited to: general economic, regulatory, political and commercial conditions in Brazil and abroad, changes in interest rates,
inflation and value of the Real, changes in volumes and the pattern of use of electricity by consumer, competitive conditions,
our level of indebtedness, the possibility of receiving payments related to our receivables, changes in rainfall and water levels
in the reservoirs used to operate our hydroelectric plants, our financing and capital investment plans, existing and future government
regulations , and other risks described in our annual report and other documents filed with CVM and SEC. Estimates and forecasts
refer only to the date they were expressed and we assume no obligation to update any of these estimates or forecasts due to the
occurrence of new information or future events. Future results of the Company's operations and initiatives may differ from current
expectations and the investor should not rely solely on the information contained herein. This material contains calculations that
may not reflect accurate results due to rounding.
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
Date: July 30, 2020
CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS
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By:
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/S/ Elvira
Baracuhy Cavalcanti Presta
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Elvira Baracuhy Cavalcanti Presta
CFO and Investor Relations Officer
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FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking
statements. These statements are statements that are not historical facts, and are based on management's current view and estimates
offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates",
"believes", "estimates", "expects", "plans" and similar expressions, as they relate to
the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends,
the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations
and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements.
Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee
that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including
general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors
could cause actual results to differ materially from current expectations.
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