EDP concludes acquisition of electricity transmission line in Brazil
EDP - Energias do Brasil, SA (EDPB), 51% held by EDP - Energias de Portugal, SA (EDP), has announced 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 first awarded on April 13, 2016, in Line Q.
The total amount of investment, acquisition value and Capex, amounts to BRL407 million (US$106.5 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.
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