By: Franyi Sarmiento, Ph.D., Inspenet, July 7, 2022
Through ISA CTEEP, the largest private energy transmission company in Brazil, the Colombian company Interconexión Eléctrica S.A. (ISA) won two of the 13 lots awarded in a public auction held by the Agência Nacional de Energia Elétrica (Aneel) in São Paulo.
The works have an estimated investment by Aneel of more than US$780 million and comprise 1,139 km of transmission lines with an Annual Allowable Revenue of US$60 million, a value that represents more than one third of the total revenue awarded to ISA Cteep in public tenders in the last 5 years.
“Brazil is a relevant market in the region and in constant growth, which represents interesting business opportunities for ISA in the Power Transmission sector,” said Juan Emilio Posada, president of ISA.
He added that the company always seeks to participate where it believes it can be competitive and generate adequate levels of profitability for shareholders, “but also contribute to the progress and development of its citizens”.
Regarding the financing of the projects, ISA informed that it will be done directly by ISA Cteep both with its own resources and with debt operations in Brazil.
The energy company submitted specifications for the two projects it was awarded in the Aneel auction, corresponding to lots 3 and 6, in the states of Minas Gerais and Espírito Santo and São Paulo.
This material from the ValoraAnalitik portal was edited for clarity, style and length.
Source: https://www.valoraanalitik.com/2022/06/30/isa-gana-dos-proyectos-de-energia-en-subasta-en-brasil/
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