Sao Paulo, Brazil, 10 Dec – The Chinese-Brazilian consortium that is made up of Procable Energia e Telecomunicações, Zhejiang Insigma United Engineering and CEEE-GT has been awarded the tender launched by the Brazilian National Electrical Energy Agency (Aneel) for power transmission over 102 kilometres in the region of Porto Alegre.
Chinese company Zhejiang Insigma United Engineering has a 40 percent share in the consortium.
Work to build the line and respective sub-stations is expected to cost 19.8 million reals, be concluded within 24 months and create 1,500 jobs.
In total Aneel auctioned off seven concessions, three of which were awarded to Brazilian state companies, three to Spanish companies and the final concession, the biggest of all, by the consortium that includes China’s Zhejiang Insigma United Engineering.
The new concession-holders will build and jointly operate 555 kilometres of transmission lines and build nine sub-stations, which will have to start operating within 18 to 24 months.
Ten consortiums and 14 companies from Brazil, Spain, Portugal, China and Colombia took part in the auction.
According to Aneel, the winners will have to make total investments of 785.8 million reals in work in the Brazilian states of Rio Grande do Sul, Goiás, Minas Gerais, Mato Grosso, Mato Grosso do Sul and Pará, which will create around 4,000 jobs. (macauhub)