Iberdrola Wins Construction, Commissioning of Substation in Brazil
December 20 2021 - 9:57AM
Dow Jones News
By Giulia Petroni
Iberdrola SA on Monday said that it has been awarded the
construction and commissioning of a 500-kilovolt substation through
its subsidiary Neoenergia in Brazil.
The Spanish energy player said the investment is estimated at
around 103 million euros ($115.8 million). The project was granted
by Brazil's electricity system regulator Agencia Nacional de
Energia Eletrica, or Aneel.
The deadline for entry into commercial operation is 48 months,
to be met in March 2026, but is expected to be brought forward,
according to the company.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
December 20, 2021 09:42 ET (14:42 GMT)
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