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Auction for expansion of the electricity grid has Eletrobras and BTG fund as biggest buyers
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Last Thursday (28), the Federal Government auctioned a series of lots in order to obtain public-private partnerships with energy transmission as the focus. There were 15 lots in total and, with all of them added together, it is estimated that the total investment made to complete the work is around R$18.2 billion. Among the companies that stood out most in purchasing the lots are Eletrobras and the Warehouse fund, a subsidiary of Banco BTG Pactual, owned by the former Minister of Economy, Paulo Guedes.

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However, other companies also purchased some lots, including EDP, Energisa, Alupar, the Brasiluz groups, Cox Brasil and the Paraná consortium. The companies, upon winning the auction, will have to build new power transmission lines and substations throughout the country, with each lot being indicative of which region they should be built.


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Eletrobras main building in Rio de Janeiro (Photo: reproduction/Getty Images Embed)


The largest lots and the largest investment

The Warehouse fund was the one that acquired the largest project, lot 6, whose area is equivalent to 951 km that should receive electricity transmission lines and is located between the states of Bahia and Minas Gerais; The fund will have 66 months to complete the work and its expected cost is around R$3.4 billion.

In addition to lot 6, BTG also acquired lot 14 and lot 4, having to build transmission lines in Bahia with an estimated cost of around R$2.1 billion and, in relation to the second lot, transmission lines will be built between the states of Rio Grande do Norte and Alagoas, with an estimated cost of R$990.51 million. According to Forbes, Banco BTG invested heavily in this auction as the sector represents, for investors, a safe way to obtain stable returns in the long term.

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Eletrobras and its expansion

The second largest lot in the auction was won by Eletrobras, valued at R$2.65 billion and the work is expected to build power transmission lines through the states of Ceará, Paraíba, Pernambuco, Alagoas, Bahia and Piauí. In addition to this lot, Eletrobras obtained lot 1 with investments of around R$1.77 billion for the construction of lines between Ceará and Piauí; lot 3, with investments of around R$983.4 million for the construction of lines and substations in Ceará and lot 9, valued at around R$190 million for the construction of transmission lines.

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Auction for expansion of the electricity grid has Eletrobras and BTG fund as biggest buyers

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Auction for expansion of the electricity grid has Eletrobras and BTG fund as biggest buyers

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