Chimarrao Brazilian Transmission Lines

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The project involves the construction, operation and maintenance of 1204KM of transmission lines crossing 43 municipalities in the state of Rio Grande do Sul in Brazil. The project includes 8 transmission lines and 8 substations. The transmission lines are as follows: 525kV Guaíba 3 - Gravataí (127km); 525kV Santa Vitória do Palmar - Marmeleiro, C2 (48km); 525kV Povo Novo - Guaíba 3, C2 (245km); 525kV Marmeleiro - Povo Novo, C2 (152km); 525kV Nova Santa Rita - Guaíba 3, C2 (36km); 525kV Candiota 2 - Guaíba 3, CD, C1 and C2 (2 x 279km); 230kV Guaíba 2 - Guaíba 3, C1 (19km); and 230kV Guaíba 2 - Guaíba 3, C2 (19km). The substations are as follows: 525kV Santa Vitória do Palmar; 525kV Gravatal; 525kV Marmeleiro; 525kV Povo Novo; 525/230/13.8kV Guaiba 3; 525kV Nova Santa Rita; 525/230/13.8kV Candiota 2, and 230kV Guaiba 2 The developer Chimarrão Transmissora de Energia is a 50:50 partnership between ACS Group's subsidiary Cymi Construções e Participações and Brookfield Asset Management via its fund Brasil Energia Fundo de Investimentos em Participações Multiestratégia. The project cost is BRL 2.24 billion ($ 545.04 million), of which BRL 480 million ($ 116.79 million) come as equity contributions. The Brazilian Development Bank BNDES acted as sole lender and provided BRL 1.76 billion ($ 428.25 million) Financial close was reached on 10 October 2019. The assets are due to begin commercial operations on 22 March 2023. https://ijglobal.com/data/transaction/48624/chimarrao-brazilian-transmission-lines-1204km-ppp https://ijglobal.com/articles/143132/brazilian-transmission-project-reaches-fc https://www.bndes.gov.br/wps/portal/site/home/imprensa/noticias/conteudo/bndes-aprova-1-76-bilhao-para-transmissao-de-energia-no-rs