Author: Oran Viriyincy. License: Creative Commons, Attribution-ShareAlike 2.0 Generic.
Brazil's power sector watchdog Aneel approved on Tuesday all 20 transmission batches awarded during the June 28, 2018 transmission tender.
The tender supported a total of BRL 6 billion (USD 1.44bn/EUR 1.25bn) in investments and included 2,562 km (1,592 miles) of transmission lines and substations with a total capacity of 12,226 MVA.
According to a previous statement, the power lines have 30-year concessions with construction works lasting between 36 and 60 months.
These new transmission facilities, which are going to be built in 16 states, are a clear demonstration of investors' confidence in the Brazilian electric sector, Aneel's director Andre Pepitone da Nobrega stated at the end of the tender process back in June.
Brazil recently completed its A-6 energy auction, awarding 2,100.14 MW of power supply contracts. The country also is scheduled to hold two energy auctions on December 7.