Brazilian, Portuguese and Spanish companies will bid to build 501 kilometers of electricity transmission lines in Brazil, the South American country's electric regulator said Thursday.

The companies--six from Brazil, three from Spain and one from Portugal--were given the green light to compete at the auction Friday to build the transmission lines, the regulator known as Aneel said on its website.

The lines, to be built in the northeastern states of Rio Grande do Norte, Ceara and Bahia, are divided into three lots. The transmission lines will likely require 300 million Brazilian reals ($172 million) in investment, Aneel said.

The Brazilian companies taking part are Iberdrola SA (IBDRY) unit Neoenergia SA; Neoenergia subsidiary Afluente Transmissao de Energia Eletrica; Alupar Investimento; Cia. Hidro Eletrica do Sao Francisco, or Chesf, as the unit of state-controlled utility Eletrobras (EBR, ELET6.BR) is known; and Transmissora Alianca de Energia Eletrica, a unit of Taesa, the company recently acquired by state-controlled Cemig (CIG, CMIG4.BR). Arm Telecomunicacoes e Servicos de Engenharia will work with Portugal's CME Construcao & Manutencao Eletromecanica.

Spanish companies include Cobra Instalaciones y Servicios, Cymi Holding and Elecnor Transmissao de Energia.

-By Paulo Winterstein, Dow Jones Newswires; 55-11-3544-7073; paulo.winterstein@dowjones.com
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