EDP wins auction to build transmission lines in Brazil, with a forecast of 20,000 new jobs

EDP won a power transmission lot from Aneel, investing 316.9 million reais in Goiás and Bahia. The project includes 65 kilometers of transmission lines and a substation with a 300 MVA capacity. EDP will receive an annual revenue of 26.53 million reais, with a 53.29% discount on the maximum allowed revenue. The project aims to enhance energy supply in northeastern Goiás and expand EDP's presence in the region. The auction resulted in 8.8 billion reais in total investments, with significant participation from Spanish companies. The proposed revenues were 50.10% below the maximum set by Aneel, promising savings for consumers.