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Engie: wins big contract in Brazil

(CercleFinance.com) - Engie announces that it has won the call to tender launched by Sterlite for a 30-year concession project in Brazil.

The project includes the construction, operation and maintenance of a 1,800 km electric power transmission line, a new substation and the extension of three other substations in northern Brazil. Construction is set to begin in 2020.

The total investment cost of this project is expected to be 750 million euros. It is Engie's second transportation project in Brazil.

"ENGIE thus confirms its position as a major player in the electrical infrastructure sector in Latin America, with nearly 3,000 km of lines deployed by 2022 in Brazil and 2,200 km already deployed in Chile," Engie said.

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