French multinational electric utility company ENGIE has won a €750 million contract to construct energy infrastructure in Brazil.
The tender has been awarded by Indian-based digital technology company Sterlite for the construction, operation and maintenance of a 1,800 km power transmission line, a new substation and the extension of 3 other substations in northern Brazil.
The project will start in 2020 and will be implemented over a period of 30 years.
The deal is ENGIE’s second of its kind in Brazil.
ENGIE won a €440 million tender issued by ANEEL for construction of 1,000 km of power transmission lines, 5 new substations and the extension of 5 others in the State of Paraná in December 2017.
Isabelle Kocher, CEO of ENGIE said:“ This transaction follows the acquisition in Brazil of the TAG gas transport network, which represents 4,500 km of gas pipelines, or 47% of the country's gas infrastructure. We are accelerating the implementation of our strategy in Latin America where there is a strong need for new infrastructure to meet the growing demand for energy.”