Thank you for participating in this call. [Foreign language] Today we are going to talk about the highlights of the quarter. [Foreign language] We are going to talk about the status of the project. [Foreign language] We are going to talk about the numbers of the quarter. [Foreign language] The performance of the company in the first quarter. [Foreign language] The first highlight is two projects [Foreign language] In Latin America. [Foreign language] We participated in some auctions. [Foreign language] We were successful in one, two, in Peru, totalizing $443 million in investments, with an additional revenue of $66.1 million. The first project is The Group 2. [Foreign language] The auction was on 29 August. The investment is $400 million, with a revenue of $60 million. Second project, Runatullo, auctioned in September, is a project of investments of $42 million. Now, our cycle of investments in Latin America is very relevant. We have about $732 million in investments until the end of 2029. This is going to allow for an additional revenue of more than $100 million. [Foreign language] This cycle has a BRL 4 billion investment for BRL 600 million. Now, another highlight, the dividends paid. [Foreign language] In the second quarter this year. The Board of Administration approved the distribution. They were paid on the 3rd of October. We paid BRL 0.18 per unit. When we compared with the same quarter last year, there was an increase expressive. Last year we paid BRL 36.6 million, BRL 0.12 per unit. [Foreign language] Next slide, please. [Foreign language] We talk about another highlight. We have the emission of the debentures. It's a capture in the holding. It's BRL 850 million. It was an Incentivized Debenture by the Law 12,431 with a remuneration rate of 64%. [Foreign language] 64.986%. I think it was a good moment of the market today in the holding. We have only one debt of BRL 650 million, with a cost of CDI plus 1.40, so we are able to repay this debt. So we have only this new emission. [Foreign language] Next topic is the status of the implementation projects. We have three projects that are advancing significantly. The first one is TCE in Colombia. This project was basically ready, but depended on the licensing of 17 towers. We had an environmental pendency. Now we had the license of 16 of these towers in October. So we are going to follow with this project. Maybe the last tower is going to be finished until the end of the year. Also, ELTE Advanced is the stretch north. The south stretch was concluded and began operating in May 2024. ELTE is 87% advanced. In the second quarter, we had 55% of advanced. So the project is evolving well. Now our expectation is to finish on the first quarter next year. Also, TNE Advanced. We have 61% of general advance of the project. In the second quarter, we had 42% of advancement. So it's advancing well. Our expectation is to conclude the project on the fourth quarter next year. We have three other projects in Peru, Chile, and Colombia that are at the beginning. We are doing something in the land area. We are working on the licensing. We are beginning also other projects, and we don't open them here because they are not developed yet. So we show them soon. Now the numbers of the company. [Foreign language] Highlights here to the sequential numbers. Revenue in this quarter was BRL 928 million, a growth of almost BRL 280 million when compared to the third quarter last year. Two main impacts. First, an increase of BRL 69 million of infrastructure revenue due to investments in ELTE. [Foreign language] The second other impact was a growth of BRL 228 million in the revenue of concession assets. We had an increase of the macro indicators of inflation, especially IGP-M, that had registered a deflation of 2.75% in the third quarter last year, and now we have an inflation this year. Down there on the slide, we have the EBITDA that totalized BRL 693 million, with an increase of BRL 238 million when compared to the same numbers last year. We have an impact of the active of the revenue of concession assets. We had an increase in the cost of infrastructure of BRL 58 million, ELTE transmission line, and an increase of BRL 42.2 million in equity equivalence in the TNE transmission. The result enters via equity equivalence. It is evolving well. We've advanced it well in this trimester, this quarter. The revenue of infrastructure of BRL 760 million, bigger than last year. Our result is bigger. [Foreign language] Now looking at the profit, profit was BRL 364 million compared to BRL 100 million from last year. This was impacted by EBITDA increase, BRL 237 million. And the other two accounts, they are related. We had a reduction of BRL 222 million in taxes and an increase of BRL 240 million in minority participation. We had ELTE transmission line obtained a tax benefit from SUDAM. So now we have a reduction in the tax line. And now we have participation in minority in this asset. [Foreign language] So now next slide. We have the regulatory numbers. Revenue is BRL 120.3 million, 2.9% above the numbers of São João last year. We had two impacts here. First, the operation of south stretch of ELTE and also the readjustments of assets. We had homologation in June of 3.3 in the contracts indexed by the IPCA. EBITDA. So we have two main accounts here responsible for the variation, the increase in the net revenue, and also an increase of BRL 22.6 million in the purchase of energy. First, we had the purchase of energy in the wind complex, Agreste Potiguar Wind Park, and the Sun Energy Park of Pitombeira. And these assets, they are located in Rio Grande do Norte and Ceará states affected by the restrictions. This impact is going to be reduced from now on with the entry into operation of Pacatuba- Jaguaruana transmission line begun in October and is going to help the region south, north, and southwest. Profit, it was 11.9% above the prior last year, and we had a reduction of 6.7 in the EBITDA that I just explained. Also, we had an increase of 7.8 in the depreciation and amortization account with the entry into operation of São João and Santa Régia wind parks and the Pitombeira Solar Park. A reduction of 22.4 in the financial results because of the reduction in the exchange rate with the valuation of reais in face of the new sol, the Peruvian currency. And also under IFRS we had a reduction of BRL 31.4 million in taxes and an increase of BRL 20.2 million in the minority interests. We had a benefit of the tax benefits by SUDAM. We had the debt of the holding. We had a gross debt of BRL 3.24 billion with a negative debt of BRL 110 million. It's only one debt, the seventh emission of the debentures indexed by CDI that is due on the fourth quarter next year. We did an adaptation recently, so we are going to anticipate the payment of this debt. Now we have the consolidated debt. Gross debt was BRL 12.27 billion. Cash BRL 3.509 billion. So the net debt is BRL 8.761 billion. Regarding the consolidated debt, no changes that are important. 49% is indexed by IPCA and followed by the other models. In the next slide, we see destination of results. The dividends approved at the end of 2022 by the administration board. So we approved BRL 76.1 million. This is BRL 0.04 per unit. This payment is going to be done in up to 60 days after the approval date yesterday. And shareholders inscribed in the company until the 14th of November will be entitled to receive. [Foreign language] Last slide of our presentation. Alupar. Performance of the company in share market. Alupar has a 1% devaluation cumulated in the year, IEE 10.85% devaluation, and IBOVESPA 3.23%. Another point is the financial volume. We closed the second quarter with BRL 27 million daily volume. This quarter, considering the accumulated of the year, we improved a little bit. Now, I'm sorry, now we are BRL 27 million. We were before BRL 26 point something. And now I finish my presentation, and we begin now with the session of Q&A for shareholders and analysts. If you want to ask a question, raise your hand. Also, you can send the question in writing in the Q&A with your name and the name of your company. [Foreign language] This question is from João Pedro Herrero from Santander. Good afternoon. Thank you. [Foreign language] How do you think about the transition auction next year and other opportunities outside of the country? [Foreign language] Difficult to say. Next year's auction is small, you know, so. [Foreign language] I know the competition level. It's too early to say if we are going to participate in it. We are going to have a look, yes. [Foreign language] Returns of the last auction, you mean, I think we were aggressive, so the market has changed in this meanwhile, so I think it's early to say. [Foreign language] This refers also to abroad. You know, we are looking abroad to some auctions and trying to identify opportunities. We are going to analyze. It's difficult to say if we are going to go there or there. We look to the most alternatives possible to choose the most attractive opportunities. [Foreign language] Question is from Vitor Cunha, Itaú BBA. [Foreign language] Good afternoon. Thank you. [Foreign language] We see the restrictions by ONS in the assets of Alupar due to the localizations. They are significant, and now the company incurred in costs of purchasing energy that were higher. How are the talks about getting back the money? Have you seen some improvements in the restrictions for the operation of the three lines in October this year? [Foreign language] Yeah, talking about the curtailment. Yes, we were really impacted in this quarter because of the curtailment in the assets. A transmission represent, you know, 35. It's a small impact, but it occurred. So it reduced in October. We had a line that was almost two years delayed. It was being executed, the Pacatuba line. And especially in Ceará state, we had a, you know, worsening of the curtailment. And with the entrance into operation, we improved the curtailment. And in Rio Grande do Norte, the curtailment is smaller around 15%-20%. [Foreign language] And we had some changes. [Foreign language] And how it is distributed by ONS in October, September, I don't really remember. We did a more proportional distribution. [Foreign language] We have these discussions in the sector, you know, not only Alupar. It's a broader discussion with all the agents, the ONS, ANEEL. [Foreign language] And we have two types of curtailment that are being analyzed. [Foreign language] One is the inadequate and thus improves. Most of the curtailment is a problem of transmission and delays in the transmission lines. [Foreign language] It's not a question of energy, you know. It's due to transmission problems and this risk. [Foreign language] If ANEEL contracted badly, you know, or something that delays. Well, we have raised this point already. [Foreign language] We need to have an improvement in the guarantees and the selection of the players at the moment of the contraction because at the bid moment we have people with prices, you know, that are not able to execute later. So curtailment is a consequence of this scenario. [Foreign language] That we have seen the transmission. [Foreign language] I think we have to reach consensus in the sector, not talking only about Alupar, but it's a general rule of the sector, you know. This is harming companies. There are companies saying that are going to leave Brazil, are not going to invest anymore. You know, this is absurd. Brazil, with all the potential that it has. [Foreign language] [Foreign language] If you allow me, third question, in the last years, the company had several lots of transmissions outside Brazil with a more attractive return. So if you could give us an idea of the pipeline in transmission of countries like Colombia, Peru, and Chile in 2025, I would thank you. Well, our pipeline is like that. We have a CapEx of $500 million in Peru, $200 million in Chile. [Foreign language] We have also $200 million. So this is the division. This projects are going to enter into operation around 60 months in average. But all this pipeline indexed in dollar and plus inflation. [Foreign language] The scenario abroad is as competitive as here. The difference maybe is that the same players that compete with us here compete with us there. [Foreign language] So the difference is that they don't use the Brazilian vehicle. They use another vehicle. So if you get the Spanish companies, they don't enter with the Brazilian vehicle in the LATAM countries. They use the Spanish vehicle or ISA, for instance. You know, it's not CTEEP, the Brazilian arm of ISA, but ISA Colombia. [Foreign language] So and so on and so forth. All the players. [Foreign language] Thank you. Thank you. [Foreign language] Question from Vladimir Pinto from XP. [Foreign language] Hello, good afternoon. Thank you. [Foreign language] Question is about the arbitration process of TNE. Can you give us an update? [Foreign language] I'm limited because the process is confidential. It's already 24 months. The expectation is that the resolution is that they are going to solve inside these 24 months. These 24 months, they are going to be complemented in the first semester of next year. We've done some audiences. [Foreign language] There was a decision that was in the press, you know, a partial sentence. [Foreign language] We are defining the broadness of this sentence. I think it's going to be defined until the middle of next year, you know, at least the general scope. [Foreign language] This is Gustavo Faria, Bank of America. [Foreign language] I have two questions. The first is about the review of CapEx that you've mentioned in the LATAM. Do you believe that there's no risk for the review of the CapEx above or below? If there's a possible review, how do you do the head of the CapEx? And the second question is about how do you see the main competitive advantage of Alupar in comparison with the international players in Chile, LATAM, Colombia? Do you think it's the CapEx, engineering, or funding that is cheaper? [Foreign language] Well, I don't know. [Foreign language] It's difficult to, you know, I think we have advantages, we have positive points, but also others can have advantages. So it's difficult to give a general rule. Each project is a project in itself. It's difficult to say that one is similar to the other. Each one has its challenges and characteristics. [Foreign language] Regarding CapEx expectations. [Foreign language] First, look into the values that we've said, you know. When we calculate CapEx, we determine the value as a contingency. And the contingency is the part that is unknown. And it depends on the risk of each project. Each project is analyzed individually, item by item, each part of the project, the ones that have more risk, that are riskier. So in this CapEx, we already have a provision for contingencies that might occur, that are unknown. [Foreign language] It's the capacity of each player of executing. If you look to our history, we are able in most of the projects we executed with below, you know, below our initial expectations. We were able to get savings. [Foreign language] That's what I can tell you now, you know, but during the, you know, we are going to see what is going to happen. I don't think that we are going to have great modifications because difficulties of these projects are concentrated in supply. So I think that really when you have problems is when you have big lines that you end up having greater difficulties in the land, in part, in the environmental part, in foundations. So these sometimes are worse, you know. [Foreign language] Thank you. [Foreign language] Question from Pedro Madalozo, from Nexus. How is the vision of the company in new investments in generation? How is the arbitral process with BRF? [Foreign language] Process. [Foreign language] As I told you, it's confidential, it's ongoing. Our expectancy is that it concludes. [Foreign language] I think that it's going to be difficult. [Foreign language] Maybe at the end of next year, we are going to reach a final conclusion with a sentence on this discussion. [Foreign language] Regarding generation. [Foreign language] What happened? [Foreign language] I think that the bodies, you know, EPE, ONS, etc., they have to look at this. [Foreign language] This, you know, because what happens is that the investments in generation will require a bigger return, and this is going to make the cost of energy more expensive for the consumer. A lot of cross-subsidies were created, and this caused some distortions. I think basically we have to look at this. [Foreign language The level of return must be higher because of the risks that we have now. [Foreign language] This is going to be priced. [Foreign language] Question is from Felipe Tobias, shareholder of Alupar. The dividend is going to be paid still in 2024? [Foreign language] Yes, we pay according to our policy in 60 days. So the idea is to keep this policy. [Foreign language] So our expectation is to do this, to pay in 60 days. [Foreign language] Question is from [Matias Oliveira]. Good afternoon. Congratulations for the results. I would like to know if all the projects abroad have the revenues fixed in dollar or are they fixed in the local currency? The backlog that we are is fixed in dollar. We receive in local currency converted in the previous day exchange rate to dollar, and it's updated by PPI annually. [Foreign language] It's the core of the inflation. [Foreign language] So basically the rule is this. [Foreign language] This session is finished. [Foreign language] Your final comments, please. [Foreign language] Thank you for the interest in the company, for your participation. The presentation of results and our team is here for you. If you have anything else, if you want to chat, we are at your disposal. So thank you. Have a nice day and see you next time. [Foreign language] Thank you for participating and have a nice.