With Support From BNDES, WEG Secures R$ 390 Million Contract in Chile and Delivers Cutting-Edge Equipment to the Atacama Desert

Written by Noel Budeguer Published on 18/09/2025 at 15:54

BNDES Releases R$ 390 Million for WEG Exports to Chile. Brazilian Equipment Will Equip Substations of Alupar in Antofagasta and Atacama, Strengthening the Power Grid

The National Bank for Economic and Social Development (BNDES) approved financing of US$ 71.4 million, equivalent to about R$ 390 million, to support the export of equipment from WEG S.A. to Chile.

The investment is linked to a new power transmission line operated by Alupar, through its subsidiary in the country.

The Brazilian multinational WEG, known for its electro-electronic solutions, will supply power transformers, synchronous compensators, and auxiliary systems for two substations installed in the provinces of Antofagasta and Atacama.

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International Grant and Regional Impact

The grant was won by Alupar in an international bidding held in 2024. Under the contract, the substations Ana María and Illapa will be operated by the Brazilian company for 25 years, reinforcing the group’s presence in the South American energy market.

In a statement, BNDES highlighted that the project will play a strategic role: “SED will contribute to strengthening the electrical transmission infrastructure in Chile, ensuring greater reliability in energy supply in a region essential for the expansion of renewable sources”, the bank stated.

Financing Mechanism

The credit was released by the BNDES Exim Post-shipment line, designed to finance Brazilian exports through operations with importer clients abroad. In this case, the importer is Alupar’s own Chilean subsidiary.

The initiative reinforces the bank’s strategy to stimulate the national industry and expand the involvement of Brazilian companies in the international market, while ensuring the strengthening of energy projects in Latin America.

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With Support From BNDES, WEG Secures R$ 390 Million Contract in Chile and Delivers Cutting-Edge Equipment to the Atacama Desert

BNDES Releases R$ 390 Million for WEG Exports to Chile. Brazilian Equipment Will Equip Substations of Alupar in Antofagasta and Atacama, Strengthening the Power Grid

International Grant and Regional Impact

Financing Mechanism

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With Support From BNDES, WEG Secures R$ 390 Million Contract in Chile and Delivers Cutting-Edge Equipment to the Atacama Desert

BNDES Releases R$ 390 Million for WEG Exports to Chile. Brazilian Equipment Will Equip Substations of Alupar in Antofagasta and Atacama, Strengthening the Power Grid

International Grant and Regional Impact

Financing Mechanism

In the cold desert of Ladakh, where it hardly rains, engineer Sonam Wangchuk created the ice stupa, a tower that freezes winter water and stores it for irrigating crops in the spring, a simple engineering feat that mimics nature.

Almost 6,000 residents live concentrated along a single street nearly 9 km long in the interior of Poland. Houses form a continuous row, and behind them, narrow agricultural strips emerge, creating one of the most unusual rural patterns in Europe.

Júlia Pimentel, an 11-year-old from Minas Gerais, independently invented a new formula to calculate the square root using simple addition and multiplication, and her method was published in one of the most important mathematical scientific journals in Brazil.

They planted a sea of eucalyptus to produce cellulose, but the monoculture turned into a green desert, dried up springs and rivers, and pushed families out of regions in Minas Gerais and Bahia.

Chinese woman planted trees for decades while sand buried part of her house, received $5,000 from an American in 1999, and helped transform the desert into a forest of 8 million trees in China.

Without her own home and pressured by rent, a 25-year-old bought a small 15-meter boat, gradually renovated the interior by herself, transformed the interior with paint, new flooring, a larger bathroom, and started living on the canals, paying much less per month.

The Atacama Desert, the driest place on Earth, was covered in flowers and turned into a colorful carpet with more than 200 species in the phenomenon called “desert bloom,” when atypical rains awaken seeds that had remained dormant in the soil for many years.

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