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Brazil

Brazil

Chesf wins in Brazilian transmission auction

BRAZIL: Brazil's state-controlled power company Chesf was the big winner in the country's first transmission line auction in 2011 aimed at linking wind power projects in northeast Brazil to the national power grid.

The company bid aggressively – both alone and in a consortium – for the three lines offered that will require total investments of BRL750 million ($469 million) and should ready by September 2013.

Speaking about the auction, André Pepitone, director at Brazil's power regulator sadi: "These new lines will allow the whole of Brazil to benefit from 1,207MW of wind power that will feed directly to national grid."

In a competitive bidding which included nine other companies or groups, Chesf made bids that ranged 58% to 20% below the starting projected annual revenue set by the government.

The longest line conceded to Chesf and CTEEP, its partner ,was the 299.5km, 500kv line. The consortium offered 58% below the starting value.

Chesf also won alone, bidding 20% and 26% below the starting value for the second-longest line 2300kv (the 76km) in the state of Ceará and 230kv (a 65km) line in the state of Bahia. 

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