December 24, 2018 |
Neoenergia, the Brazilian subsidiary of the Spanish power company Iberdrola, has won four of 16 transmission line concessions in an auction by the electricity regulator Aneel.
The winning bidders offered average discounts of 46% on the maximum annual revenues set by Aneel. The 30-year concessions require BRL13.2bn ($3.39bn) in investments, Aneel said in a statement.
Neoenergia signed on to make BRL6.09bn in investments after it won Lot 1 with a 57% discount, Lot 2 with 47%, Lot 3 with 44.9% and
Iberdrola's Brazilian subsidiary signs on for more than $1.5bn investments in five years