Brazil okays Dec 20 transmission auction outcome

Author: Rennett Stowe. License: Creative Commons, Attribution 2.0 Generic.

February 20 (Renewables Now) - Brazil's power sector watchdog Aneel approved on Tuesday all 16 transmission batches awarded in the December 20, 2018 transmission tender.

The tender supported a total of BRL 13.2 billion (USD 3.6bn/EUR 3.1bn) in investments and included 7,152 km (4,444 miles) of transmission lines and substations with a total capacity of 14,819 MVA.

These new transmission facilities, which are going to be built in 13 states, have 30-year concessions with construction works lasting between 48 and 60 months, according to a previous statement.

Spanish giant Iberdrola SA (BME:IBE) was the biggest winner in the tender. Through its unit Neoenergia SA, the company bought four lots, which represent a combined investment of some BRL 6 billion and some 3,000.3 km of transmission lines, the company said previously.

(BRL 1 = USD 0.27/EUR 0.24)

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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