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BNDES presents funding conditions for the expansion and modernization of power transmission infrastructure

25Jul2016Jul25,2016
Infrastructure and Energy
​BNDES presents funding conditions for the expansion and modernization of power transmission infrastructure

Last month, the National Electric Energy Agency (Agência Nacional de Energia Elétrica – ANEEL) published the Bidding Notice for the second phase of Auction No. 13/2015 regarding the construction of power transmission facilities (6,600 km of transmission lines) in the States of Minas Gerais, Bahia, Espírito Santo, Goiás, Piauí, Paraíba, Rio Grande do Norte, Ceará and Pernambuco, involving an expected investment of BRL 11.8 billion.

In the first round of Auction No. 13/2015, in the first semester of 2016, ANEEL auctioned 14 lots, for an estimated investment of BRL 6.9 billion.

For this new round, ANEEL has proposed a structure where conditioning and conditioned lots are linked to a certain extent. Accordingly, if no bid is submitted for a conditioning lot, it will not be possible to proceed with the auction of its related conditioned lots. 

The National Economic and Social Development Bank (Banco Nacional de Desenvolvimento Econômico e Social - BNDES) presented last Friday (22nd July 2016) conditions for the funding associated with the expansion and modernization of power transmission infrastructure in Brazil (offered in public auctions held between July and December 2016):

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There is a change in relation to past auctions, in that BNDES has reduced its level of funding (which is provided at the TJLP interest rate) from 70% to 50% of the total estimated value of the project (transmission lines and substations). The funding is provided for a maximum period of  14 years. Exceptionally, BNDES may fund up to 70%. However, in such cases, the additional 20% will be funded by BNDES at market interest rates.​ 

Please see more information on funding conditions on BNDES´ official website (http://www.bndes.gov.br/​).
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¹ Long-Term Interest Rate (Taxa de Juros a Longo Prazo - TJLP).


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