BNDES funds Chimarrão transmission lines

BNDES funds Chimarrão transmission lines

Project & Infrastructure Finance Loans Debt Energy Electricity Brazil Canada Europe

Brazil's national development bank BNDES said it has approved a 24-year, BRL1.76bn ($428m) loan for Chimarrão Transmissora de Energia to build 1,200km of power lines in the southern state of Rio Grande do Sul. Chimarrão, an special purpose vehicle owned by Cymi, a subsidiary of Spain's ACS, and Brasil Energia, part of Canada's Brookfield, plans to spend BRL2.24bn on the project, according to BNDES. The SPV won the 30-year concession contract in a transmission line auction in December last year.

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial