China State Grid awarded tender for power transmission in Brazil

18 April 2016

State Grid Brazil Holding S/A of China has been awarded the tender for the concession of two power transmission lines near the city of Paranatinga in the state of Mato Grosso, which will represent an investment in infrastructure in Brazil of about US$2 billion.

The two lines were auctioned off for US$95.6 million and US$17.5 million, respectively.

The auction held by the National Electric Energy Agency (Aneel) was part of a batch of 24 new power transmission projects, of which only 14 had expressions of interest.

The two 30-year concessions are for power transmission from power plants under construction that should become operational within 36 to 60 months. (macauhub/CN/BR)