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Financial News: BRAZIL: Regulator Approves Rules For Power Transmission Li

BRAZIL: Regulator Approves Rules For Power Transmission Lines Auction

10/24/2017 - 17:51:00 (RTTNews)

(RTTNews) - The energy sector regulator in Brazil approved the rules for an electricity transmission lines auction that will be held on December 15, when 4,919 kilometers of power lines distributed in 11 lots will be offered. The government estimates around R$ 8.7 billion (US$ 2.68 billion) in investments.

From August 31 to September 29, the local government held public hearings to improve the rules of the auction. The third of the eleven lots will require the most substantial investment (R$ 2.773 billion) since it would require the expansion of the North-Southeast and North-Northeast interconnections - part of the solution to drain Belo Monte's hydroelectric power production.

Lot 1, in Paraná, the second largest of the auction, will have eight transmission lines, five line extensions and five substations, requiring R$ 2.017 billion in investments. Another relevant block is the 4, between the states of Tocantins and Bahia, which will require R$ 1.396 billion.

According to Aneel, the other lots will be in Rio Grande do Norte, Ceará, Piauí, Minas Gerais, Bahia and Pernambuco. The expectation is to generate at least 17,980 direct jobs. The deadlines for the deliveries of the enterprises vary from 36 to 60 months, depending on the lot. The concession contracts are expected to be signed in March 2018.

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