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19 November 2004 - Spanish engineering company Abengoa and the Transleste 2 consortium of Brazilian companies won the auctions that Brazil's electricity regulator Aneel held on the São Paulo stock exchange Thursday for the construction and 30-year operating licenses of transmission lines, according to a report from Business News Americas.
In closed-envelope bidding, Abengoa bid 47.5 per cent less than the maximum permitted annual revenues for lot A, a 937km, 500kV line between Colinas and Sobradinho and the Ribeirão Gonçalves substation, linking the country's northeastern and northern regions.
Five bids were submitted, of which the second lowest was from Spain's Isolux Wat, which offered 41.2 per cent less than the 205m real ($74.2m) maximum annual revenues. Investment is estimated at 995m reais.
Transleste 2 is made up of engineering company Cia Técnica de Engenharia Elétrica (CTEE, 41 per cent), federal generator Furnas (24.5 per cent), Minas Gerais state integrated power company Cemig (24.5 per cent) and Orteng Equipamentos e Sistemas (10 per cent). The consortium presented one of two bids for lot B, a 65km, 230kV line between Irapé and Araçuaí, as well as the Irapé and Araçuaí substations in the southeastern state of Minas Gerais.
Investment is estimated at 58mn reais, and Transleste 2 bid 11 per cent below the maximum annual revenues of 11.6mn reais.
Meanwhile, by year-end Aneel will conclude studies for transmission concessions that it plans to auction in 2005, local press reported the regulator's transmission and distribution concessions chief, Jandir Nascimento, as saying.
Lines could total some 3,000km, he said, adding that the longest one would be the North-South III line, stretching 1558 km and costing an estimated 1.23bn reais. Bidding rules could be available in March, with an auction being held in May-June, Nascimento said.
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