Brazil seeks $4B investments in power transmission
The Brazilian government has auctioned off 31 of a possible 35 power transmission concessions in an international tender expected to attract investments in excess of $4 billion.
The tender offered investors 35 concession lots to build and operate 7,400 km of high-voltage power lines and more than 13 GVA of substation capacity in 20 states across the country, reports BN Americas.
Bidders who accepted the lowest annual revenue from operations were awarded 30-year concession contracts to build, operate and maintain the lots.
Among the largest concession contracts are those for building:
- 753 km of transmission lines and 1,344 MVA of substation capacity in Santa Catarina state;
- 272 km of transmission lines and 1,344 MVA of substation capacity in Goiás state;
- 128 km of transmission lines and 1,600 MVA of substation capacity in Maranhão state; and
- 111 km of transmission lines and 1,400 MVA of substation capacity in São Paulo state.
Source: BN Americas