ATE Transmissora de Energia

active

In 2003, the Brazilian power regulator Aneel awarded a greenfield build, own, and operate contract for a transmission line in Brazil’s Parana and Sao Paolo states to Abenasa Transmissao de Energia Ltda. The company was to transmit power through the concession period of 30 years. The 370 km line would connect Londrina (Parana state) to Assis (Sao Paolo). The project, signed by concession agreement in February 2004, was one of seven transmission concessions awarded by Aneel in 2003-2004. All lines covered 1,787 km and included investments of US$614 million. Aneel was prompted to release the bids after Brazil’s National Privatization Council (CND) issued a resolution in June 2003 calling for seven groups of transmission concessions. Abenasa Transmissao de Energia Ltda comprised Abengoa SA and its Brazilian subsidiary. It was selected on the basis of offering the lowest transmission tariff. Total project cost was US$211 million. BNDES provided US$95 million project financing in March 2005. The project was expected to start operations in late 2006, but became operational in October 2005.