France 's Total and Celeo Redes , controlled by Brazil ’s Elecnor , have obtained licenses to build and operate power transmission lines in Brazil for 30 years . The two companies will invest about BRL3bn ( $ 911 m ) , Brazil ’s government said . In total , the 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), Brazil’s regulator said. In total, 47 groups are bidding for 11 lots of lines in an ongoing auction.