ENGIE wins a concession for transmission lines in Brazil representing an estimated investment of around EUR500 million
The company won the dispute by offering a discount of 35% against the cap annual revenue allowed by the regulatory agency. The duration of the concession will be of 30 years, including the construction, assembly, operation and maintenance of transmission facilities.
On Friday 15 December, ENGIE Brazil won an auction carried out by the National Power Agency (ANEEL) for the concession of 1,146 km long transmission lines in Paraná State.
The venture will require about EUR500 million in investments, with an estimated creation of more than 4,000 direct jobs. The lot integrates eight new transmission lines, complementary stretches and the installation of five power substations.
With an installed capacity of more than 11 GW, ENGIE is the largest private power producer in Brazil. 90% of the Group’s installed capacity in the country come from clean, renewable sources, with low emissions of greenhouse gases. This low carbon dynamic has been reinforced by the construction of new wind farms in the Northeast and by the operation of one of the largest hydropower plants in Brazil, Jirau (3,750 MW), located in the Madeira River, Rondônia.
The Group is also present in Brazil in the solar distributed generation market and offers services related to energy efficiency, engineering and integration of systems working on the development of telecommunication and security systems, public lighting and urban mobility for smart cities.
ENGIE is committed to taking on the major challenges of the energy revolution, towards a world more decarbonised, decentralised and digitalised. The Group aims to become the leader of this new energy world by focusing on three key activities for the future: low carbon generation in particular from natural gas and renewable energy, energy infrastructure and efficient solutions adapted to all its customers (individuals, businesses, territories, etc.). Innovation, digital solutions and customer satisfaction are the guiding principles of ENGIE’s development. ENGIE is active in around 70 countries, employs 150,000 people worldwide and achieved revenues of €66.6 billion in 2016. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris - World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).