SAO PAULO, June 30 (Reuters) - Brazilian power company
Neoenergia SA, controlled by Spain's Iberdrola SA
, made the winning bid for the largest energy
transmission project auctioned by the South American country on
The 13 blocks auctioned total 5,425 kilometers (3370.94
miles) of transmission lines with an investment estimate at 15.3
billion Reais ($2.93 billion).
The second batch, won by Neoenergia, comprised 1,707 km of
transmission lines in the southeastern states of Sao Paulo and
Minas Gerais, and was expected to require investment of 4.94
The Iberdrola-controlled firm also won smaller block 11 with
291 km of lines in Mato Grosso do Sul.
A consortium including Cymi Brasil and Canada's Brookfield
won block 1, comprising 1,269 km lines in Minas
Gerais, which is set to require 3.68 billion reais in
ISA CTEEP, controlled by Colombia's Interconnection Electric
SA, secured the third batch with capital expenditure
estimated at 3.65 billion reais. It also won block 6.
Eletrobras, through its subsidiary Eletronorte,
won block 8, marking its first deal since 2014, as its
privatization, earlier in June, paved the way for Latin
America's largest utility to make significant investments again.
Block 8 comprised transmission lines in Rondonia state and
Eletrobras aims to invest around 137.74 million reais in the
India's Sterlite won blocks 5 and 9, while Brazil's Taesa
made the winning bid for block 10. Zapone Engenharia e Comercio
won block 4 and was also part of a consortia with Sollo Energia
that won block 13.
Engie Brasil was successful to acquire block 8
and Energisa got block 12.
($1 = 5.2207 reais)
(Reporting by Leticia Fucuchima; Writing by Gabriel Araujo and
Peter Frontini; Editing by Edmund Blair
Editing by David Evans, Mark Potter and Aurora Ellis)