Companies from China, Spain and Portugal take part in power transmission auction in Brazil

9 December 2010

Brasilia, Brazil, 9 Dec – Companies from China, Spain and Portugal are taking part in the electricity transmission auction carried out Thursday by the Brazilian National Electrical Energy Agency (Aneel) on the Sao Paulo Stock Exchange, according to a list published by the agency.

In the last transmission auction of 2010, Aneel is putting up 685 kilometres of transmission liens and ten sub-stations, which are expected to generate 4,500 direct jobs and investments of around 890.9 million reals.

The work will be carried out in seven states; Rio Grande do Sul, Goiás, Paraná, Minas Gerais, Mato Grosso, Mato Grosso do Sul and Pará, and, according to the list published by Aneel in Brasilia, 14 companies and 10 consortiums are competing, made up of companies from Brazil, China, Spain and Portugal.

The candidates include the Procable/Cee-Gt/Insigma consortium, which includes China’s Zhejiang Insigma United Engineering, with a 40 percent stake, Procable Engenharia e Telecomunicações, with 40 percent, and Companhia Estadual de Geração e Transmissão de Energia Eléctrica (CEEE-GT), with 20 percent. (macauhub)