EDP Brasil awarded with 3 lots in Electricity Transmission Auction
Lisbon, April 1st, 2024: EDP – Energias de Portugal, S.A. (“EDP”), through its fully owned subsidiary EDP - Energias do Brasil S.A. ("EDP Brasil"), informs that, at the Auction for the Electric Energy Transmission Public Service Concession No. 1/2024, held by ANEEL on March 28th, EDP Brasil placed the winning bid for 3 lots located in the states of Bahia, Maranhão, Piauí and Tocantins, with 1,388 km of total extension, representing a total R$ 288 million of Annual Allowed Revenue (RAP), to be updated to inflation, which represents discounts vs. auction’s maximum RAPs between 36% and 46%. The total ANEEL reference capex amount to R$ 3,056 million and the gradual commissioning of these projects is planned until June 2029.
This auction’s result reinforces EDP’s presence in Brazil and its investment plan in electricity networks, in line with the established in the 2023-2026 Strategic Plan.
This information is disclosed pursuant to the terms and for the purposes of the article 17 of Regulation (EU) no. 596/2014 of the European Parliament.
EDP – Energias de Portugal. S.A.