Gas Natural Sao Paulo Sul SA

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The consortium Gas Natural Sao Paulo Sul SA won the 30-year concession to expand the gas distribution network in the south region of the state of Sao Paulo, area also known as area 3. The consortium is leaded by the Spanish group Gas Natural. The winning bid offered by the consortium was US$ 298.5 million (R$ 533.8 million), 462% higher than the minimum bid (R$ 95 million) required by the government of the State Paulo. The auction was carried out by the government of the state in April of 2000. The concession region has 53,206 square kilometers, which accounts for 21.5% of the total Sao Paulo state area. There are 93 counties in the region where 2.8 million people live, which accounts for 7.5 % of the total population of the state. In 2001 Gas Natural Sao Paulo Sul invested US$ 27 million (R$ 60 million) in the expansion of its distribution network.