France's Engie and Celeo Redes, controlled by Spain’s Elecnor, have won licenses to build and operate power transmission lines in Brazil for 30 years. The projects awarded to the two companies will demand investments of around 3 billion reais, Brazil’s regulator Aneel said. The two companies will invest about BRL3bn ($911m), which is equivalent to around half of Brazil's total electricity generation capacity at the moment. In total, 47 groups are bidding for 11 lots of lines in an ongoing auction.
France's Engie and Celeo Redes, controlled by Spain’s Elecnor, have won licenses to build and operate power transmission lines in Brazil for 30 years. The two companies will invest about BRL3bn ($911m), which is equivalent to around half of Brazil's total electricity generation capacity at the moment. In total, 47 groups are bidding for 11 lots of lines in an ongoing auction.