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Historic energy auction! State Grid China secures R$18 billion contract and plans R$200 billion in new investments in Brazil
In a landmark event held at the Planalto Palace in Brasília, Brazil celebrated the signing of an unprecedented contract with State Grid Brasil, a subsidiary of Chinese giant State Grid Corporation of China (SGCC). This agreement not only marks the largest power transmission contract ever recorded in Brazil’s history, but also symbolizes a substantial investment in the country’s energy future, totaling R$18 billion.
The project contemplates the construction and maintenance of extensive direct current transmission lines, covering around 1,5 km to be built and 1,4 km to be maintained, covering vital states such as Maranhão, Tocantins and Goiás. The complexity and The magnitude of this undertaking requires an execution period of 72 months, extending well beyond the usual 60-month period for similar projects.
Economic and social impact of the agreement with China
The Minister of Mines and Energy, Alexandre Silveira, highlighted the importance of this milestone not only for the energy sector, but also for the daily lives of Brazilians. “This project goes beyond infrastructure; it directly touches the lives of every citizen, ensuring access to electricity at fair prices and without interruptions,” Silveira said during the ceremony. This effort is part of a series of initiatives focused on Brazil’s energy transition, which aim for a cleaner and more renewable energy matrix.
- Important highway in São Paulo will have a new lane built with an investment of 300 MILLION; the project will generate jobs, already has a completion date and will NOT use public money
- If you think building a skyscraper is complicated enough, wait until you hear about the megaproject that promises to imitate the Sun!
- The MOST EXPENSIVE construction in history is in China and already has a completion date. China is the owner of the most expensive construction in history! 500 BILLION, more than 70 thousand jobs and a quantity of concrete and steel that exceeded 200 thousand tons
- The construction that is one of the 7 wonders of the modern world: a 120 billion reais tunnel that connects two countries through 50 km of sea at 75 meters deep
Additionally, the expansion of installed capacity in the National Interconnected System (SIN) to 13 thousand MW by 2027, mainly in the Northeast, will significantly strengthen national energy security and contribute to the economic and social development of the region.
A forward-thinking partnership with State Grid
Representing State Grid Brazil were notable figures such as Sun Tao, president of State Grid Brazil Holding (SGBH), and Jin Wei, vice president of SGCC (State Grid Corporation of China). They reinforced the company's commitment to Brazil, mentioning plans to further expand its investments in the Brazilian energy sector.
“We are planning to invest another 200 billion reais in the coming years, covering not only transmission, but also energy production and distribution, as well as projects focused on renewable sources and strategic minerals for our energy transition,” announced Sun Peng, CEO of State Grid Brazil, reflecting the company's long-term confidence and investment in Brazil.
Long-term consequences and Brazil's energy future
The initiative promises to transform the Brazilian energy sector, making it more integrated, robust, and sustainable. According to Minister Silveira, these efforts are not just about infrastructure, but also about “combating inequality and promoting socioeconomic development, generating quality jobs and income for our people.”
This project is a testament to Brazil’s ability to attract significant foreign investment and its dedication to modernizing and sustaining its energy infrastructure. The collaboration with State Grid serves as a powerful example of how strategic partnerships can drive the transition to a greener, more inclusive economy.
With this advance, Brazil not only secures its position as a leader in energy transition in Latin America, but also strengthens its electricity grid against future demands, guaranteeing a brighter and more sustainable future for all Brazilians.
