Chinese state company State Grid interested in Brazil’s electricity sector

7 October 2010

Brasilia, Brazil, 7 Oct – Chinese state electricity company State Grid is likely to start taking part in public energy auctions in Brazil, the director general of the National Electrical Energy Agency (Aneel), Nelson Hubner said in Brasilia.

After taking part in the ceremony to sign new contracts for construction of transmission lines in Brasilia, Hubner said that the Chinese were pioneers in the transmission sector, “as they work with standards of between 800 kV and 1000 kV, whilst we work with 500 kV.”

Hubner said that the Chinese had showed interest in Brazil, although it was not expected they would take part in any of the auctions scheduled for this year.

“But they may take part in auctions scheduled for 2011, which are driven by the need to expand Brazil’s grid, due to a rise in consumption related to the growth expected over the next few years,” said Hubner, who on Friday began a visit to China to find out about the way power is transmitted in the country.

The director general of the National Electrical Energy Agency said that State Grid had the conditions to fund its own investments in Brazil, although it could make use of funding from Brazil’s National Bank for Economic and Social Development. (macauhub)