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Brazilian TAESA acquires four SPEs of Eletrobras [free access]

June 3, 2019

Brazilian electric power transmission company Transmissora Alianca de Energia Eletrica SA (TAESA) has completed the acquisition of four special purpose entities (SPEs) of state-owned power company Centrais Elétricas Brasileiras S.A. (Eletrobras). The former won the SPEs — Brasnorte Transmissora de Energia S.A. (BRASNORTE), Companhia Transirapé de Transmissão (TRANSIRAPÉ), Companhia Transleste de Transmissão (TRANSLESTE), and Companhia Transudeste de Transmissão (TRANSUDESTE) — during an auction hosted by the latter in September 2018.


With a total investment of BRL153.1 million, TAESA has acquired a 49.71 per cent share of BRASNORTE for BRL75.6 million, and 24.5 per cent of TRANSIRAPÉ, 24 per cent of TRANSLESTE, and 25 per cent of TRANSUDESTE for BRL77.5 million. With the acquisitions, the company now owns 88.37 per cent of BRASNORTE and 54 per cent of the TRANSMINEIRA group, which is composed of TRANSIRAPÉ, TRANSLESTE and TRANSUDESTE.


BRASNORTE owns the 230 kV Jubá–Jauru line of 129 km, 230 kV Brasnorte–Nova Mutum line of 273 km, 230/138 kV Jubá substation of 300 MVA, 230/138 kV Brasnorte substation of 100 MVA, and other associated transmission systems in the state of Mato Grosso since 2011.


TRANSLESTE owns 345 kV and 138 kV line of 138 km and associated network; TRANSIRAPÉ owns 345/230 kV, 65 km line and associated network; and TRANSUDESTE owns 345 kV, 140 km line and associated network. All these three SPEs operate in the State of Minas Gerais.