 Home > Chemicals Industry > International Chemical > Brazilian power company Engie acquires concession for 1,800 km of transmission lines

Brazilian power company Engie acquires concession for 1,800 km of transmission lines

 Last Update: 2023-01-02
 Source: Internet
 Author: User

Tags

mortar construction

sayers construction

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Brazilian power company Engie Brasil Energia SA said Monday that its subsidiary, Engie Transmissao, has agreed to acquire a 100 percent stake in a company with concessions to build and operate about 1,800 kilometers of transmission lines
in Pará and Tocandins.

The company is Sterlite Novo Estado Energia
, a subsidiary of Sterlite Brazil Participacoes SA, a subsidiary of Sterlite Industries in India and Sterlite Brazil Participacoes SA.
Under the agreement, Brazilian utility Engie Brasil Energia will acquire the entire stake in Sterlite Novo Estado Energia to acquire a concession for its 1,800-kilometer transmission line
.

The purchase price will exceed $100 million, subject to regulatory conditions, including approval by Brazil's electricity regulator, ANEEL
.

In addition to 1,800 km of power lines, the concession includes the construction, operation and maintenance of a new substation in the Brazilian states of Pará and Tocandins, as well as the expansion of three other substations
.

Engie Brasil Energia said all installation licenses for the project had been issued
.
Construction
is expected to begin in 2020.

acquisition

The purchase price will exceed $100 million, subject to regulatory conditions, including approval by Brazil's electricity regulator, ANEEL
.

Engie Brasil Energia said all installation licenses for the project had been issued
.
Construction
is expected to begin in 2020.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

4-acryloylmorpholine ACMO

CAS No.: 5117-12-4

top

$3.39/KG EXW

UV-531

CAS No.: 1843-05-6

$7-8/MT FOB

benzotriazole ultraviolet absorbers UV-P

CAS No.: 2440-22-4

$7-8/MT FOB

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.