Brazil to invest $9.5 B in power transmission
Brazil, Brasilia: The Brazilian government is projecting total investments of $9.5 B (50 B reais) in the construction of transmission lines.
Image for illustration purposes
Brazil, Brasilia: The Brazilian government is projecting total investments of $9.5 B (50 B reais) in the construction of transmission lines.
The power lines will be mostly used for the transmission of renewable energy generated in the northeastern part of the country.
“We will have the largest electricity transmission program in northeastern Brazil, with investments of approximately 50 B reais, which will allow the construction of more parks that can associate and distribute the generation of solar and wind energy in Brazil,” commented mines and energy minister Alexandre Silveira.
The minister made his remarks with other government members during the opening of Neoenergia’s renewable energy facility in Santa Luzia, Para state.
The government’s transmission investments will take effect once it runs auctions later this year.
According to Gentil Nogueira, the mines and energy ministry’s electric energy secretary, who was also present at the event, the government will hold at least three large transmission auctions this year to ensure the growth of wind and solar sources in the north of Minas Gerais states and throughout the northeastern states.
Because of the strength and consistency of wind and sun throughout the year, northeastern Brazil draws significant solar and wind energy projects.
Source: bnamericas
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