Transmission Auction no. 006/2011: registration today (12/13) and tomorrow

Fonte: ANEEL

Interested in participating in Transmission Auction No.006/2011, being promoted by the National Agency of Electrical Energy (ANEEL) on 12/16 at 10 am, at the headquarters of the BM&FBovespa in São Paulo, they can carry out the online application for participation in the exhibition, in the website of ANEEL.Registration must be completed until 2pm on Wednesday (12/14).

The online contribution of security bid is now also available and will remain open until 4pm on Wednesday 12/14.The delivery of securities that do not have digital certification will be held at BMF&BOVESPA, and merited on account of collateral bond shall be made in ANEEL, in the same period.

The auction will take nine lots with 11 transmission lines totaling 1,378 kilometers (km), and 12 substations.The projects will require BRL 1.6 billion in investments, generating 8,500 direct jobs.The transmission facilities will be built in ten Brazilian states: Rio Grande do Sul, Santa Catarina, Parana, Alagoas, Sergipe, Rio Grande do Norte, Maranhão, Goiás and Amazonas.See here the description of the lots.

* The maximum Annual Revenue Allowed provided by ANEEL for all lots is BRL 195.6 million, a figure that is expected to fall with the dispute in the auction. The RAP is the remuneration that the winning companies will be entitled for the provision of transmission service from the start of commercial operations of the enterprises.The period of the works will range from 18 to 24 months.

Systematics of the auction – The financial proposal with the value of Annual Revenue Allowed (RAP) for each lot shall be submitted in a sealed envelope by the participant.If the difference between the lowest bid and other bids is greater than 5%, the lowest bidder wins the tender.If the difference is less than or equal to 5% or if there is a tie among the lowest bids, there will be a round on speakerphone in which the auctioneer may set minimum values to be provided between a bid and others.The tenderer submitting the lowest value wins.In case any bidder bids on speakerphone, the winner will be who has submitted the lowest per envelope.If there is a tie in the values presented per envelope without bids on speakerphone, the winner will be determined by a draw promoted by the director of the session.With the changes set by ANEEL, all registered and qualified bidders competing for the proposed lot shall deliver to the auctioneer at the time of the event, including those who may have lost interest in the dispute.In this case, they should put an envelope in the form of refusal to tender.To promote the competition, it may occur an exclusion from batch to which there is only one tenderer able to compete after manifestation of the Ministry of Mines and Energy (MME).If the lot is maintained, it will be adopted for a Revenue Book with a value lower than the maximum RAP, also set in the announcement as a way to obtain a minimum discount.

Guarantees – To participate in the auction, bidders awarded guarantee of 1% of the investment value estimated by ANEEL.The Guarantee of Faithful Fulfillment is provided only by the winners of the auction, instead of the foregoing warranty.It corresponds to 5% of the investment value and should be contributed within two business days before signing the contract.

Schedule – The Special Licensing Committee (CEL) will publish the list of proposers eligible to participate in the auction in the website of ANEEL (www.aneel.gov.br).Winners must submit documents for the qualifying phase in the BM&FBovespa in Sao Paulo, from 9am on 12/19 to 7m on 12/23, upon an appointment by the e-mail addressleiloes@bvmf.com.br.On 01/05/2012, the Special Licensing Committee (CEL) of ANEEL will disclose the results of the qualification.The result of the approval and award of the grant are expected to 01/17/2012.The deadline for delivery on schedule and on budget construction of the facility is on 01/20/2012, when it should also be given the documents of the SPE or transmission utility required for the grant and the concession contract.The award will occur until 30 days after delivery of such documents.Two days before the date to be set for signing the concession contract, entrepreneurs must submit a guarantee of faithful performance.

Change – As of this auction, ANEEL introduced new rules.One is to reduce the period for the winner of each lot constituting a Special Purpose Company (SPC) that will receive the award.The deadline is 35 days after the auction.We will also accept SPE established before the event.Thus, it is expected to make the process more agile, since the board shall confirm the result of ANEEL and award the auction with SPE formed.

The documents relating to the auction, such as tender, schedule and contract of concession of public service will be available on the Agency website in the section Entrepreneur’s Space, in Notices of Transmittal, or here.(BT/FA)

* Annual revenue allowed – Annual revenue resulting from the winning bid of the tender, the concessionaire is entitled for the provision of public service broadcasting from the entry into commercial operation of transmission facilities.ANEEL Resolution No.230 of September 12, 2006 (Official Journal of September 13, 2006, section 1, p. 56).