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ANEEL approves merger of TDG and Chesf in Brazil [free access]

February 4, 2020

Brazilian energy regulator, Agência Nacional de Energia Elétrica (ANEEL), has approved the merger of the special purpose entity (SPE) of Centrais Elétricas Brasileiras SA (Eletrobras)—Transmissora Delmiro Gouveia (TDG), with its subsidiary Companhia Hidro Eletrica do Sao Francisco (Chesf). As a result, TDG has become the wholly-owned company of Chesf.

 

TDG was a company created on January 12, 2010 to build, operate and maintain the transmission facilities composed of the 230 kV, 36 km line between the São Luís II and São Luís III substations in the state of Maranhão, and the Pecém II and Aquiraz II substations located in Ceará.

 

TDG also owns and operates a 500 kV transmission line stretching between the Sobral III/Fortaleza II C1 and C2 sectioning points and the Pecém II substation, and 230 kV transmission line stretches between Banabuiú/Fortaleza and the Aquiraz substation.

 

In November 2019, Chesf took control of TDG, after paying BRL34 million for a 27.69 per cent stake held by partner Future ATP Serviços de Consultiva Engenharia.

 

(BRL1=USD0.23)