Brazil: Spanish Groups Dominate Power Transmission Auction, Winning Seven of Eight Projects for $1.6 Billion
Spanish power companies dominated a power transmission auction in Brazil on October 30, with the Brazilian units of Celeo, Cymi, Cox Energy and Iberdrola winning seven of eight projects to expand and strengthen the South American country's power grid, Reuters reported.
The Brazilian units of the Spanish groups committed an estimated 8.56 billion reais ($1.59 billion) in investments, out of the auction's total 8.9 billion reais.
Celeo won the largest project, requiring 4.1 billion reais to improve electricity service in Mato Grosso do Sul state, and also won a project in Rondonia state with some 753 million reais in planned investments. Cymi secured a project in Sao Paulo state for about 1.1 billion reais and another in Parana state worth 982.5 million reais. Neoenergia, controlled by Iberdrola, won projects in Bahia and Paraiba states totalling 1.16 billion reais, and Cox secured a lot worth 480 million reais in Parana state.
Portugal's EDP closed the winners' list with a project between Goias and Bahia states worth 317 million reais in investments.
Source: GSM · USA (original Chinese edition)
Photo: 照片：输电线路（资料图），Kevin Waterhouse 摄，Wikimedia Commons（Geograph），CC BY-SA 2.0 授权 / Photo: electricity transmission lines, by Kevin Waterhouse, Wikimedia Commons (Geograph), CC BY-SA 2.0
