Engie Brasil Energia S A : concession bid on Aneel auction
July 30, 2022 at 06:33 pm EDT
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This Thursday, June 30, at an auction held at the B3 main offices, in São Paulo, ENGIE Brasil Energia placed the winning bid to build, operate and maintain transmission lines and a substation in the state of Pará that complement the Novo Estado Project. The company won by offering a 59,9% percent discount from the regulator's minimum annual allowed revenue.
The concession is aligned with ENGIE Brasil Energia's growth strategy in the energy transmission area through infrastructure projects that strengthen the National Interconnected System (SIN), and is important to diversify local operations for the Group, which is active in renewable electric energy generation, energy transmission, and gas transportation through its equity interest in TAG. "We have two synergistic projects. We were able to optimize efforts through our prior experience in the region, in addition to the resources used, which enabled implementing our future vision in a responsible way," said Eduardo Sattamini, ENGIE Brasil Energia's Chief Executive and Investor Relations Officer. The Novo Estado Project is being implemented in the states of Pará and Tocantins, and covers more than 1,800 kilometers of transmission lines.
The concession period for the public transmission service, including construction, assembly, operation and maintenance of the transmission facilities, will be 30 years from execution of the concession agreement. The Company expects to reduce total investment in implementation of the projecy to exceed 20 percent, and approximately 18 months' anticipated commercial startup relative to the Aneel-stipulated deadlines. These are estimates and subject to change.
About ENGIE
Our group is a global reference in low-carbon energy and services. Together with our 170,000 employees, our customers, partners and stakeholders, we are committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by our purpose ("raison d'être"), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers.
ENGIE is the largest private-sector power producer in Brazil, operating in generation, commercialization and transmission of electric power, gas transport and energy solutions. With an installed capacity of 10 GW from 69 power plants, which stands for about 6% of the country's capacity, the Company has nearly 97% of its installed capacity in the country from renewable sources and with low GHG emissions, such as hydro, solar and biomass power plants, and windfarms.
With the acquisition of TAG, ENGIE now also owns the largest natural gas transportation network in the country, at 4,500 km and transecting 10 states and 191 cities.
The Group also has a complete portfolio of integrated solutions focused on reducing costs and emissions and improving the infrastructure for companies, such as compressed air, local solar self-production, biogas and biomass, power management and consulting, HVAC and substations. ENGIE also acts as a partner for cities to make the urban spaces more efficient and sustainable, with public lighting, electric mobility and district cooling solutions. With 3,500 employees, ENGIE's turnover in Brazil in 2021 was R$ 13.5 billion.
The Group´s turnover in 2021 was of 57.9 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe, Euronext Vigeo Eiris - Eurozone 120/Europe 120/France 20, MSCI EMU ESG screened, MSCI Europe ESG Universal Select, Stoxx Europe 600 ESG, and Stoxx Global 1800 ESG).
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ENGIE Brasil Energia SA published this content on 30 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2022 22:32:10 UTC.
ENGIE Brasil Energia S.A., formerly Tractebel Energia S.A., is an independent utility concessionaire. The Company is engaged in the business of generation and commercialization of electrical energy. The Company develops and operates power plants. The Company installs and operates plants fired from conventional energy sources, such as hydroelectric, thermoelectric and complementary units, small hydroelectric plants and wind, biomass and photovoltaic plants. The Company's installed capacity, including its stakes in energy generation consortiums, is approximately 7,000 megawatts. The Company's generation facilities in operation consist of 29 plants, of which nine hydroelectric power plants, seven thermoelectric power plants (three coal, three biomass and one natural gas plant), three small hydro power plants (SHPP), nine wind farms and one photovoltaic solar power plant. The Company is controlled by ENGIE Brasil Participacoes Ltda.