ENGIE was one of the winners in the concession auction held by the Brazilian Electric Energy Agency (Aneel) on Friday, June 30 at the S\u00e3o Paulo Stock Exchange – B3. The winning bid offered a final Annual Permitted Revenue (RAP) of R$ 249.3 million. The contract covers the engineering, construction, operation and maintenance of 1,006 kilometers of electricity transmission lines in the States of Bahia, Minas Gerais and Esp\u00edrito Santo, meeting the demand for the flow of energy generated by renewable sources in the Northeast Region to the Southeast region.<\/p>\n

\u201cThis achievement aligns with ENGIE\u2019s position as an energy infrastructure investment platform, strengthening our strategy of balanced management and diversification of the assets portfolio. Responsibly accelerating this agenda is our highest priority and we continue to invest in our teams and in the quality of our work. A meticulous process ensured good commercial terms combined with our high capacity to deliver projects with quality and safety, and to act diligently to meet our commitments with deadlines and financial returns\u201d, observes Eduardo Sattamini, Chief Executive and Investor Relations Officer of ENGIE Brasil Energia.<\/p>\n

\u201cInvestment in transmission lines is strategic for the ENGIE Group in Brazil and aligns with the company\u2019s global purpose of leading the energy transition. The sector contributes directly to de-carbonizing the economy by enabling better outflow of renewable energy, connecting generation hubs and consumer centers. The outcome of the auction makes this business line even more material for ENGIE domestically\u201d comments Maur\u00edcio B\u00e4hr, Chairman of the Board of Directors of ENGIE Brasil Energia.<\/p>\n

About the Lot 5<\/strong><\/p>\n

Among the largest in this bidding round, lot 5 involves the states of Bahia, Esp\u00edrito Santo and Minas Gerais with an expected investment up to BRL 2.66 billion and completion period of 66 months according to the Electric Energy Agency.<\/p>\n

The duration of the concession of the public transmission service will be 30 years, as from contract signature date, scheduled for Sep\/29\/2023.<\/p>\n

Company activities in the segment <\/strong><\/p>\n

In the Transmission segment, ENGIE has the Gralha Azul system with a total of 900 kilometers of line in the state of Paran\u00e1, and the Novo Estado project, with a further 1,800 kilometers in the states of Par\u00e1 and Tocantins, both concluded in February, ahead of the schedule established by Aneel. Still in the process of implementation is the Gavi\u00e3o Real Project, for which the Company made a successful bid in Aneel\u2019s first auction in 2022. The project consists of the expansion of the Itacai\u00fanas Substation to meet the needs of the energy distribution network in that state Par\u00e1 and will be incorporated into Novo Estado.<\/p>\n","protected":false},"excerpt":{"rendered":"

Company has won the concession to implement 1,006 kilometers of lines that run through the states of Minas Gerais, Bahia and Esp\u00edrito Santo.<\/p>\n","protected":false},"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-102914","imprensa","type-imprensa","status-publish","format-standard","hentry","tipo-release-infrastructure"],"acf":[],"yoast_head":"\n