Celeo Redes Brasil wins Lot 8 of Brazil's transmission auction No. 4/2026

BRASILIA, Oct 30 — Celeo Redes Brasil S.A. won Lot 8 of Transmission Auction No. 4/2026, held by the National Electric Energy Agency (ANEEL) on Oct 30, with a bid of $12.3 million (66,664,542.00 reais), an average discount of 48.02%, ANEEL said.

The discount is measured against the initial Permitted Annual Revenue (RAP) of $23.6 million (128.2 million reais) set by the agency. The RAP is the revenue the company will be entitled to for providing transmission service once the facilities enter commercial operation. Estimated investment in the lot is $139 million (753.2 million reais), according to ANEEL.

Lot 8 requires the installation of three synchronous compensators at the Porto Velho Collector Substation in the capital of Rondônia. The agency said the project aims to ensure reliable operation of the transmission system in Acre and Rondônia in response to climate change. The works are due to be completed within 42 months and are estimated to create 2,151 jobs.