Energy
Local Players Dominate Brazil $3.6 Billion-Power Line Auction
- Eletrobras, Energisa and a BTG Pactual Fund among winners
- New power lines are needed amid renewable energy push
The auction is expected to spur 18.2 billion reais in investment for power lines crossing 14 states.
Photographer: Dado Galdieri/BloombergThis article is for subscribers only.
Brazilian companies dominated a power-line auction as the country seeks to expand infrastructure to connect renewable plants to the country’s largest consumer markets.
Centrais Eletricas Brasileiras S.A., Fundo Warehouse — a fund owned by BTG Pactual — and Energisa SA were among companies that won contracts to build transmission lines across the country.