Iberdrola wins its largest network design in the world it’ll make a,700- kilometre power line in Brazil

Iberdrola wins its largest network design in the world it’ll make a,700- kilometre power line in Brazil

It has won two lots in the transaction one of,707 kilometres between the countries of Minas Gerais and São Paulo and the other, located in Mato Grosso do Sul. They will involve an investment of 1 billion euros and will produce further than,000 jobs during construction.
The accession of the means reinforces the company’s expansion in the transmission member and consolidates its commitment to the country.
The company is laying on this transaction because of its seductive nonsupervisory frame- earnings are linked to affectation- and the country’s legal certainty.

Iberdrola takes a giant step forward in Brazil. The company, through its attachment Neoenergia, has been awarded its largest power grid line in the world in the,700- kilometre power transmission line transaction held on Thursday, according to the country’s National Electricity Agency( Aneel). Specifically, Neoenergia won two of the 13 lots offered one,,707 kilometres, the longest design offered in the transaction, between the countries of Minas Gerais and São Paulo. The company also won the 291- kilometre contract in the state of Mato Grosso do Sul. According to the controller, the investment in these systems will amount to5.5 billion Brazilian reals( around€ 1 billion) and will produce further than,000 jobs duringconstruction.The company is laying on this transaction thanks to its seductive nonsupervisory frame- earnings are linked to affectation- and the country’s legal certainty.” The accession of the means reinforces Neoenergia’s expansion in the transmission member and consolidates the company’s commitment to the development of the country’s electricity sector. We’ve a applicable part in the prosecution of the transmission design in the last five times that strengthens us in this request. The excellent hookups with construction companies and suppliers allow us to achieve veritably favourable conditions”, says Eduardo Capelastegui, unborn CEO of Neoenergia as of 15 July 2022. The,707- kilometre design aims to expand the transmission capacity of the northern region of Minas Gerais, so that energy generated by renewable sources can flow. It consists of three 500 kV lines, plus a 440 kV line. The new 500 kV New Bridge 3 substation will also be erected. The deadline granted by the controller for its construction is 60 months from the signing of the concession contract on 30 September 2022. This design could produce around,000 jobs duringconstruction.The alternate foresees the construction of 291 kilometres of lines in nine cosmopolises in the state of Mato Grosso do Sul, with two 230 kV lines and sections and a230/138 kV Paraíso 2- 2×150 MVA substation. The ideal is the integration of the small hydroelectric power shops Fundãozinho, Areado and Bandeirante and the connection of the distribution in the Paraíso region. The timeframe estimated by the controller for completion is 48 months and around,250 jobs are anticipated duringconstruction.NETWORKS, KEY means FOR IBERDROLABrazil is one of Iberdrola’s growth requests. The company has further than,300 kilometres of transmission lines in operation in the country, following the completion of the April 2017 transaction deliveries, with an average lead time of 15 months in relation to the deadline of the National Electricity Agency( ANEEL). In addition, it has,000 kilometres under construction, distributed in the five regions of Brazil. The company acquired lot 4 in the December 2021 transaction and, since 2017, has added 13 systems. In its rearmost systems, the company has demonstrated effectiveness and commitment to value creation, esteeming a strict capital allocation policy and producing secure returns for its shareholders.