Engie Wins 30-Year Concession Project in Brazil
January 23 2020 - 4:41AM
Dow Jones News
By Giulia Petroni
Engie S.A. (ENGI.FR) said Thursday that it won a 30-year
concession project in Brazil.
The French utility said the greenfield project includes the
construction, operation and maintenance of a 1,800-kilometer
electric power transmission line, a new substation and the
expansion of three existing substation in northern Brazil.
The total investment cost is expected to be 750 million euros
($831.3 million), Engie said. Construction is scheduled to start
this year.
"We are accelerating the delivery of our strategy in Latin
America where there is a strong need for new infrastructure to meet
increasing energy demand" said Chief Executive Isabelle Kocher.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
January 23, 2020 04:26 ET (09:26 GMT)
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