Regulatory News

The Brazilian Electricity Regulatory Agency approved the final version of the transmission line auction bidding, scheduled for December 17. With an estimated investment of approximately R$7.4 billion (US$1.4 billion), 1,958 km of transmission lines and 12 substations located in the states of Amazonas, Bahia, Ceará, Espírito Santo, Goiás, Minas Gerais Gerais, Mato Grosso do Sul, Rio Grande do Sul and São Paulo will be tendered.

The projects have a completion period of between 42 and 60 months and an estimated generation of 15.4 thousand direct jobs. For the agency's director general, André Pepitone, the auction will be the major contribution of the electricity sector to the post-pandemic economic recovery agenda.

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