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 March, 2021
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, on this date, the Eletrobras Board of Directors,
by majority, decided to recommend, based on article 16, sole paragraph, of the Company's Bylaws, Mr. Rodrigo Limp Nascimento to
fill a vacancy in this collegiate body, aiming at the future exercise of the position of President of the Company.
Mr. Rodrigo was appointed by the controlling
shareholder, having not been selected by the advisory firm Korn&Ferry, mentioned in the Market Announcement dated January 25,
2021. Nevertheless, he was evaluated and recommended by the People, Eligibility, Succession and Compensation Committee, interviewed
and approved, by majority, by the Board of Directors, and meets the legal and technical qualification requirements necessary for
the position.
Mr. Rodrigo is currently secretary of
electric energy at the Ministry of Mines and Energy and was Director of the National Electric Energy Agency - Aneel between May
2018 and March 2020. Graduation in Law still underwy from the Brasiliense Institute of Public Law - IDP, Executive MBA in Administration:
Management in an Electricity Company from Fundação Getúlio Vargas - FGV, Master's in Public Sector Economics,
from the University of Brasília - UNB, Postgraduate Degree in Regulatory Law from Brasília, from the University of
Brasília - UNB and graduated in electrical engineering from the University Federal of Juiz de Fora - MG.
After due approval by the Casa Civil,
Mr. Rodrigo must be elected as a member of the board of directors, at an annual general meeting, and, subsequently, he must be
elected, by the Board of Directors, as the new President of the Company.
The Company will keep the market informed
about the subject covered by this Relevant Fact.
Rio de Janeiro, March 24, 2021
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: March 25, 2021
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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