China’s State Grid Expands in Brazil With Belo Monte Contract
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State Grid Corp. of China won a contract to build a 2,500-kilometer (1,553-mile) power line in Brazil that will link the world’s third-biggest hydroelectric dam to the country’s largest market.
China’s biggest power distributor offered to operate the transmission line to the Belo Monte hydroelectric project for 988 million reais ($309 million) a year, the lowest bid at an auction Friday at the Sao Paulo Stock Exchange, regulators said.