EDP Energias de Portugal S A : Brasil awarded with 188 KM electricity transmission project
December 16, 2022 at 02:52 pm EST
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EDP Brasil awarded with 188 KM electricity transmission project
Friday16, December 2022
EDP Brasil awarded with 188 KM electricity transmission project
Lisbon, December 16th, 2022: EDP - Energias de Portugal, S.A. ("EDP"), through its 57.55%[1] owned subsidiary EDP - Energias do Brasil S.A. ("EDP Brasil"), informs that, at the Auction for the Electric Energy Transmission Public Service Concession No. 2/2022, held by ANEEL on the present date, EDP Brasil placed the winning bid for Lot 2, located in the states of Rondônia, with R$ 24.9 million in Annual Allowed Revenue (RAP), a discount of 45.1%.
This lot, with 188 km of transmission line, has great synergy with EDP Transmissão Norte, located between the states of Acre and Rondônia, with a current physical progress of 22%. This synergy is maintained in the construction process, but also in the assets' operation and maintenance.
The result of EDP Brasil in the auction reinforces the Group's presence in Brazil and EDP's strategic decision to invest in networks, in line with the established in the 2021-2025 Strategic Plan, and with appropriate return.
This information is disclosed pursuant to the terms and for the purposes of the article 17 of Regulation (EU) no. 596/2014 of the European Parliament.
EDP - Energias de Portugal.S.A.
[1] EDP owns directly 56.05% of EDP Brasil, however consolidates 57.55%, considering treasury stock adjustment.
EDP - Energias de Portugal SA published this content on 16 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 December 2022 19:52:05 UTC.
EDP - Energias de Portugal, S.A. is one of the leading producers and distributors in Portugal. The activity is organized around 4 sectors:
- production, sales and distribution of electricity: hydroelectric, thermoelectric, wind, co-generated, and biomass-based;
- supply of energy services: primarily engineering and consulting services for the construction and installation of thermoelectric and hydroelectric units;
- sales and distribution of gas (No. 2 in Portugal);
- other: steam production, supply of computer services, etc.
Net sales are distributed geographically as follows: Portugal