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Transmission auction maintains discounts – but some raise caution

The energy transmission concessions auction held on Friday at B3 seemed to take place in a parallel world to the chaos that has reigned in the financial market since the elections.

  • Leilão de transmissão held on Friday with 8 projects and R$8.9 billion capital expenditure
  • Average discount in proposals was 50%, near last licensing in sector
  • Spanish-backed groups Neoenergia, Cymi, Celeo Redes and Cox won majority of projects

More from Tuesday 3 November →