Fonte: ANEEL

The Transmission Auction 01/2013 held today (05/10) by the Brazilian Electricity Regulatory Agency (ANEEL – Agência Nacional de Energia Elétrica) at Bovespa, in São Paulo, ended with a discount of 11.96%, which means that the income of entrepreneurs to explore the investments will be lower than originally planned, contributing to low electricity rates. The average Allowed Annual Revenue (RAP)* to be obtained after the commencement of the projects will be around R$ 398.1 million instead of R$ 452.2 million initially established.

Of the ten lots offered at the event, four (D, E, F and J) were closed without interest and shall enter in the next auctions to be conducted by the Agency. Even without offering bids on these lots, Director Juilão Silveira Coelho considered the auction satisfactory. “The model of transmission investment is safe and gives back. In other events, we had disinterest in some lots and, in this case, we believe that the problems have been small-scale gain and land issues in some regions”, he affirmed.

Abengoa Concessões Brasil Holding S/A auctioned three lots (B, C and I). Lot B is composed of two transmission lines in the states of Piauí, Pernambuco and Ceará. Whereas Lot C comprises two transmission lines in the states of Maranhão, Piauí and Ceará and aims to meet a possible unfavorable hydrological conditions in the Southeast/Midwest and the sharp increase in demand in the region. Lot I, composed of five transmission lines and one substation in the states of Pará and Tocantins, has the purpose to increase the transmission capacity in the North, connecting the North-Northeast axis, as part of the solution for the integration of large plants.

Lot A was bought by the consortium Gilbués (Engeglobal Construction Ltd. and Bimetal Metal Industry Ltd.) for an amount of R$ 34.5 million, representing a discount of 23.7% in relation to the Allowed Annual Revenue (RAP) foreseen by Agency the amount of R$ 44.9 million. Neoenergia S/A won Lot G, composed by the 500 KV Transmission Line Campina Grande III – Ceará Mirim II, in the states of Paraíba and Rio Grande do Norte. Isolux Energia e Participações S/A won Lot H for R$ 52.7 million, with a 15.10% discount in relation to the initial Allowed Annual Revenue (RAP) of R$ 62.1 million established by the Agency. See the description of the lots here.

The new facilities will require investments of approximately R$ 5.3 billion, generating 18,356 direct jobs. The period of completion is 22 to 36 months and the concession contracts are for 30 years. (PG/DB)

*Reference Allowed Annual Revenue (RAP) –Is the annual revenue that the transmitter will have right to for the public service rendering of transmission to the users, starting upon entering in commercial operation of the installations. Its value is obtained as a result of the auction, with annual updating by the Extensive Consumer Price Index (Índice de Preços ao Consumidor Amplo – IPCA) by the Brazilian Institute of Geography and Statistics (Instituto Brasileiro de Geografia e Estatística – IBGE) and reviewed every five years, in terms of the concession contract.