Chinese company wins energy auction in BrazilStaff writer ▼ | July 20, 2015
Chinese State Grid Brazil Holding S/A has won the energy transmission auction held at the BM&F Bovespa futures and commodities exchange by the National Electric Energy Agency (Aneel).
Energy An auction held at the BM&F Bovespa exchange
The company will work under a 30-year concession counting from the signing of the contract. Investments should amount to R$ 7 billion ($2.2 billion), with completion believed to take place in 50 months and 16,800 new direct jobs.
The company will carry energy from the Belo Monte Hydroelectric Plant to the power station Estação Terminal Rio, to be built in Paracambi, Rio de Janeiro. ■