China State Grid to build and operate power line in Brazil

23 July 2015

China’s State Grid Brazil Holding won the auction held last week in São Paulo, to build and operate the second transmission line for power generated generated by the Belo Monte hydroelectric plant in the state of Pará.

Ramon Haddad, vice president of maintenance and operation of State Grid Brazil said Wednesday in Brazil, that the company would seek local partners to build the power line.

The Chinese state company, which has been in Brazil since 2010, when it acquired seven national power transmission companies, offered 988 million reais (US$309 million) and was also granted a 30-year concession to operate the power line.

The Belo Monte power transmission system, stretching over a distance of 2,250 kilometres, will carry electricity from the Xingu River in Pará, to the southeast, to the city of Nova Iguaçu, in Rio de Janeiro.

Under construction in Pará, the Belo Monte hydroelectric plant is due to be finished in January 2019. With an estimated investment of 28.9 billion reais the plant will have an output of 11,233 MW and is expected to generate an average of 4,571 MW.

Investments of 7 billion reais (US$2.19 billion) are planned for works in the states of Pará, Tocantins, Goiás, Minas Gerais and Rio de Janeiro.

State Grid previously won the auction of the first Belo Monte transmission line, to the Southeast region.

At the time, the Chinese company had a 51 percent stake in a consortium with Furnas Centrais Elétricas (with 24.5 percent) and Eletronorte (24.5 percent). (macauhub/CN/BR)