Fonte: ANEEL

A total of 14 companies and consortiums applied for the five lots of Transmission Auction no. 02/2012, which will be held tomorrow (3/9) at 10:00 am by the Brazilian Electricity Regulatory Agency at BM&FBOVESPA, in São Paulo.See the list of auction participants here.

Five lots will be auctioned with eight transmission lines, totaling 1,709 kilometers (km), and seven substations with 1,710 mega-volt-amperes (MVA) of power.The undertakings will demand R$ 2.9 billion in investments, generating 11.6 thousand direct jobs.

The deadline for job completion will range between 18 and 32 months.The maximum Permitted Annual Revenue* projected by ANEEL for all lots is R$ 363.9 million, a sum that should drop with the competition in the auction.

The transmission installations will be constructed in six Brazilian states:Amazonas, Bahia, Mato Grosso, Goiás, Minas Gerais and Rio de Janeiro.See the description of the lots here.

Lot C of Transmission Auction no. 06/2011 did not have any interested parties last December, and it returns as Lot C of Auction no. 02/2012, with the addition of Substation Lechuga, in Amazonas.

Auction systematics – The financial proposal with the value for the PAR for each lot will be presented by the participant in a sealed envelope.All qualified and registered tenderers for disputing the lot should deliver their proposals to the auctioneer at the moment of the auction, including those that may have lost interest in the auction. In the latter case, they should place a refusal to present a proposal form in the envelope.If the difference between the smallest tender and the other proposals exceeds 5%, the lowest tender wins.If the difference is smaller than or equal to 5%, or if there is a tie between the lowest tenders, there will be an open auction in which that auctioneer can set minimum values to be offered between one bid and another.The tenderer who offers the lowest value will win.In the event no tenderer makes an open auction bid, the winner will be the one who presented the lowest sealed bid.If there is a tie between the values in the sealed bids, without presentation of open auction bids, the winner will be determined by a drawing held by the session director.In order to favor competition, a lot for which only one tenderer is apt to compete may be excluded, after manifestation by the Ministry of Mines and Energy (MME).If the lot is maintained, a Reserve Revenue worth less than the maximum PAR will be adopted for it, also established in the PAR, as a means to obtain a minimum discount.

Guarantees – In order to participate in the tender, the tenderers entered with a guarantee worth 1% of the investment sum estimated by ANEEL.The Guarantee of Faithful Compliance is presented only by auction winners, replacing the prior guarantee.It corresponds to 5% of investment value and should be paid up to two workdays before signing of the contract.

Timetable – After the auction, the winning tenderers shall deliver the documents for the qualification phase from March 12-16 at the BM&FBovespa.On the 3/23, ANEEL’s Special Tender Commission (CEL) will disclose the qualification result.Ratification of the result and awarding of the concession are projected for 4/3. The deadline for delivery of the timetable and the installation construction budget is 4/16, the date on which the documents of the Specific Proposal Society (SPE) or the transmission concessionaire, required for approval and for the concession contract, shall be delivered.Two workdays prior to the date to be set for signing the concession contract, the business owners should deliver the guarantee of faithful compliance.The contracts shall be signed within 14 days after the convocation date.

Change – In relation to the previous auctions, the main change in this one is the exclusion of the concession granting phase, considered merely symbolic.With this change, the projected date for signing the concession contracts will be moved forward about 40 (forty) days, speeding up the installation of the new transmission installations in the country.

The documents that refer to the auction, such as the edict and the public utility concession contract, will be available on the Agency’s website, in the Space for the Entrepreneur section in Transmission Edicts, or here.(BT/PG)

*Permitted annual income – Annual income, resulting from the winning tender, to which the concessionaire has the right for providing the public utility of energy transmission after startup of commercial operations of the transmission installations. ANEEL Normative Resolution no. 230, of September 12, 2006 (Official Gazette of Sept. 13, 2006, section 1, pg. 56)