EDP acquires electricity transmission line in Brazil | edp.com

EDP – Energias do Brasil, S.A. (“EDPB”), 51% held by EDP - Energias de Portugal, S.A. (“EDP”), announced today the acquisition of 100% of a transmission line, with a total length of 142 km including 2 sub-stations, from CEE Power and Brafer. The transmission line was initially awarded in April 13^th, 2016, in Line Q. The annual contracted gross profit for the transmission line is R$ 46 million, to be inflation rate updated.

The total amount of investment, acquisition value and Capex, amounts to R$ 407 million, with financial leverage of 85%. The expected return on equity for this project, in real terms, is over 12%.

This transaction is subject to Agência Nacional de Energia Elétrica – ANEEL approval.

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 and of the Council and of article 248-A of the Portuguese Securities code.