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.