It is with great satisfaction and optimism befitting the results of the government acquisition process made public today that Sion Advogados congratulates its many clients who won bids for holdings offered in the auction held by ANEEL. This outcome will surely contribute to further developments in Brazil’s energy sector. Sion Advogados has a highly qualified legal team with renowned experience in the Energy sector. The firm is available to provide any additional information and support.
The National Agency of Electric Energy (ANEEL) successfully concluded Transmission Auction no. 05/2016. The Auction offered 35 business properties, of which 31 were acquired. The assets in question are located in the following states:
Paraná, Goiás, Mato Grosso do Sul, São Paulo, Maranhão, Rio de Janeiro, Rio Grande do Norte, Rio Grande do Sul, Alagoas, Bahia, Sergipe, Pernambuco, Minas Gerais, Santa Catarina, Paraíba, Pará, Ceará, Piauí and Rondônia.
The government acquisition process, which occurred today (24/04), enabled the procurement of 7,068 kilometers of transmission lines and over 13 thousand mega-volt-amperes (MVA) of potency in energy substations.
With the positive outcome of the auction, an estimated 12.7 billion BRL in investments will occur in transmissions.