EDP Brasil awarded with 188 KM electricity transmission project
EDP Brasil awarded with 188 KM electricity transmission project
Lisbon, December 16th, 2022: EDP – Energias de Portugal, S.A. (“EDP”), through its 57.55%[1] owned subsidiary EDP - Energias do Brasil S.A. (“EDP Brasil”), informs that, at the Auction for the Electric Energy Transmission Public Service Concession No. 2/2022, held by ANEEL on the present date, EDP Brasil placed the winning bid for Lot 2, located in the states of Rondônia, with R$ 24.9 million in Annual Allowed Revenue (RAP), a discount of 45.1%.
This lot, with 188 km of transmission line, has great synergy with EDP Transmissão Norte, located between the states of Acre and Rondônia, with a current physical progress of 22%. This synergy is maintained in the construction process, but also in the assets’ operation and maintenance.
The result of EDP Brasil in the auction reinforces the Group’s presence in Brazil and EDP’s strategic decision to invest in networks, in line with the established in the 2021-2025 Strategic Plan, and with appropriate return.
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.
[1] EDP owns directly 56.05% of EDP Brasil, however consolidates 57.55%, considering treasury stock adjustment.