VINCI signs two major contracts for high voltage transmission lines in Brazil: one PPP contract and one EPC contract
03 October 2022 - 5:30PM
VINCI signs two major contracts for high voltage transmission lines
in Brazil: one PPP contract and one EPC contract
Nanterre, 03 October 2022
VINCI signs
two major contracts for high voltage transmission lines in
Brazil: one PPP
contract and one EPC contract
- A first conception, construction,
and operation PPP contract of more than 1,000 km of HV transmission
lines in Minas Gerais State
- For this first contract, an
investment worth BRL R$ 3,484 million (€670 million), 30 years
operation period
- A second contract to install almost
1,000 km of HV transmission lines in the same State
Cobra IS, a VINCI subsidiary, has signed a major
PPP contract in Brazil after auctions organised by the National
Electric Energy Agency (ANEEL). Located in the State of Minas
Gerais near Sao Paulo, it consists in the financing, conception,
construction and operation of six 500 kV transmission lines to
be installed on 1,020 km, four stretches of transmission lines in a
distance of 63 km, one new substation and eight substation
extensions.The contract is worth BRL R$ 3,484 million (€670
million). More than 5,000 employees will be involved in the
construction works that should be completed by the end of 2027 and
the operation & maintenance period will run for 30 years.
The second contract, Design & Build,
represents an amount of BRL R$ 2,007million
(€386 million). It consists in the installation of 980 km of
transmission lines in Minas Gerais State in the area
of Espírito Santo, three new substations and five
substation extensions. These works should involve 4,900 employees
and should be delivered by the end of 2027.
These projects will foster Cobra IS’ long-dated
presence in this country, where the company has been in charge of
the installation of around 32,000 km of electrical
transmission lines there in the past 20 years.
About VINCI
VINCI is a global player in concessions, energy
and construction businesses, employing more than 260,000 people in
some 100 countries. We design, finance, build and operate
infrastructure and facilities that help improve daily life and
mobility for all. Because we believe in all-round performance, we
are committed to operating in an environmentally, socially
responsible and ethical manner. And because our projects are in the
public interest, we consider that reaching out to all our
stakeholders and engaging in dialogue with them is essential in the
conduct of our business activities. Based on that approach, VINCI’s
ambition is to create long-term value for its customers,
shareholders, employees, partners and society in general.
www.vinci.com
This press release is an official information
document of the VINCI Group.
PRESS CONTACTVINCI Press DepartmentTel: +33 (0)1
57 98 62 90 media.relations@vinci.com
- CPVINCI_ELECTRICITY_BRAZIL_20221003_VA
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