20/04/2012 18:15:00

Brazil's Eletrobras Takes 3 Transmission Projects at Auction

Related content

SAO PAULO -(Dow Jones)- Brazil state-controlled utility Centrais Eletricas Brasileiras (EBR, ELET6.BR) took all three of the transmission projects that were sold at a Friday auction, by accepting an average discount of 23% from the maximum bid price.

Four transmission projects were put up for auction, with the winner determined by whomever offers to accept the lowest annual revenue from the projects. No one bid for one of the lots, and government-controlled utility known as Eletrobras took the remaining three projects.

Eletrobras, through its subsidiary Cia. Hidroeletrica do Sao Francisco, or Chesf, will now have to lay out 338 kilometers of transmission lines and build six electric substations within the next 20 months, according to electricity regulator Aneel.

Four bidders had registered for Friday's auction: Eletrobras's Chesf; Brazil electric company Alupar Investimento; a group formed by Cemig (CMIG4.BR) unit Taesa and ISA (ISA.BO) unit CTEEP (TRPL4.BR); and a group composed of China's government-run State Grid Corp. and Eletrobras unit Furnas.

-By Paulo Winterstein, Dow Jones Newswires; 55-11-3544-7073; paulo.winterstein@dowjones.com

(END) Dow Jones Newswires

April 20, 2012 13:15 ET (17:15 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
Ingen indlæg

Regulatory news

Novae Group plc : Notice of Results

05/02/2016 15:47:43
5 February 2016                                                                                     For immediate release Novae Group plc NOTICE ..

Form 8.3 - Sainsbury (J) plc

05/02/2016 12:11:02
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE ..

Alliance Trust PLC : Transaction in Own Shares 5 February 2016 correction

05/02/2016 09:55:55
5 February 2016 Alliance Trust PLC TRANSACTION IN OWN SHARES (Correction) The announcement released this morning was incorrectly headed Net asset Value A..

Most read news

  • 24 hours
  • 48 hours
  • 1 week

Related stock quotes

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2016   Disclaimer and Terms of Use
Quote information is delivered by Interactive Data.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
06 February 2016 20:26:22
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20160125.1 - EUROWEB1 - 2016-02-06 21:26:22 - 2016-02-06 20:26:22 - 1000 - Website: OKAY