Munirah Transmissora de Energia SA

Active

The Brazilian government, under the power regulator Aneel, awarded a greenfield build, own, and operate contract for a transmission line in Brazil’s Bahia state. The project company, Muhirah Transmissora de Energia SA, will transmit power through the concessional period of 30 years. The 106 km line will connect Camacari and Sapeacu (both in Bahia state). The project was one of seven transmission concessions awarded by Aneel in 2003-2004; all lines cover 1,787 km and will include 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. The greenfield build, own, and operate contract was awarded by Aneel in late 2003 and signed the concessional agreement in October 2004. The contract was signed by the winning consortium comprising ACS subsidiary Control y Montajes Industriales (Cymi – 95 percent) and Brazilian firm Fluxo Energaria Limitada (5 percent). The consortium was selected on the basis of offering the lowest transmission tariff. Total project financing of US$38 million was provided by the sponsors in October 2004 with the support of BNDES. The project commenced operations by mid-2005.