Portugal’s Energias de Portugal (EDP), which is majority owned by China Three Gorges, has reinforced its presence in Brazil with a winning bid for a concession in the state of Rondônia in the north of the country.
EDP said that its subsidiary EDP – Energias do Brasil placed the winning bid for Lot 2 in the auction for the Electric Energy Transmission Public Service Concession No 2/2022.
This lot is located in the state of Rondônia, with 24.9 million reais (US$4.7 million) in Annual Allowed Revenue (RAP).
“This lot, with 188 kilometres of transmission line, has great synergy with EDP Transmissão Norte, located between the states of Acre and Rondônia,” EDP added.
The result of the auction, the company said, “reinforces the group’s presence in Brazil and EDP’s strategic decision to invest in networks, in line with the 2021-2025 Strategic Plan”.
