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Mariana Saragoça

Administrative Law, Operational Contracts and Project Development, Energy, Infrastructure, Mining, Oil and Gas

  • Advised various clients in the privatization processes of the electric sector, including the privatization of the Eletrobras group distributors, special purpose entities operating in the generation and transmission sectors owned by the Eletrobras group, and Eletrobras itself. Also involved in the privatization processes of CESP, CEA, CEEE-D, CEEE-T, CEEE-G, CELG-T, and COPEL.
  • Advised various clients in divestment processes conducted by Petrobras, including the sale of the Shale Industrialization Unit (SIX).
  • Advised clients in various sanitation auctions, including the sanitation auctions of the States of Alagoas and Rio de Janeiro and the privatization of CORSAN.
  • Advised clients in port auctions, including the leasing of port terminals for the handling and storage of pulp (general cargo), liquid bulk (fuel), and containerized cargo at the Port of Santos, and airport auctions, including the 7th round of concessions.


Mariana is listed as one of the most admired lawyers in Brazil by the publication Análise Advocacia Mulher.

The publication The Legal 500 recommends Mariana in the area of Energy and Natural Resources: Hydrocarbons.


  • Bachelor of Laws from Faculdade de Direito da Universidade de São Paulo (USP).
  • Postgraduate degree in Infrastructure Law from Escola de Direito de São Paulo da Fundação Getúlio Vargas (GVLaw).
  • MBA in Sanitation and Structuring of New Businesses in the Sector from Instituto Brasiliense de Direito Público (IDP).


Mariana is the partner responsible for the administrative law, regulatory law, and regulated sectors at Stocche Forbes. She advises national and foreign clients on privatization processes, auctions, and bids, as well as providing consultancy on the regulation of Brazil's main infrastructure sectors, including electric energy, oil and gas, mining, basic sanitation, telecommunications, transportation, and logistics.

Mariana has extensive expertise in risk analysis of concessions and public-private partnerships. She also works on public consultations and hearings, tariff processes (adjustments, revisions, and rebalancing), oversight, sanctioning, and prior approval processes.


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