ENGIE has won a new concession contract to build 1006 km of transmission lines in the states of Bahia, Minas Gerais, and Espirito Santo in Brazil. The French utility company secured the bid for Lot 5 in an auction organized by the Brazilian Electricity Regulatory Agency. The final annual allowed revenue for the contract is 249.3 million Brazilian Reals.
Under the 30-year contract, Engie will be responsible for the engineering, construction, operation, and maintenance of four transmission lines, each with a capacity of 500kV. The new transmission lines will run between Morro do Chapéu and Poções, Poções and Medeiros Neto, Medeiros Neto and João Neiva, and João Neiva and Viana.
ENGIE stated that this contract will help meet the demand for renewable energy generated in the Northeast region to flow to the Southeast region of the country. The company also mentioned that the contract will create around 5000 direct job opportunities during the construction phase, further strengthening its presence in the country.
Cécile Prévieu, Executive Vice President of ENGIE Network Activities, stated that this success is an important step in the development of ENGIE’s power transmission activities. It also solidifies our position in Brazil. ENGIE has been operating a total of nearly 6000 km of transmission networks in Brazil and Chile since 2017, with over 2700 km of new transmission lines installed in Brazil.
ENGIE and investment firms Meridiam and Actis have signed an agreement to fully acquire BTE Renewables, a South Africa-based developer, owner, and operator of renewable energy assets on the African continent, operating in South Africa and Kenya, for a total price of $1 billion.