Chinese Company CTG to Install 18 Electric Car Charging Stations on BR-262 Connecting MS and SP

Written by Valdemar Medeiros

Published on 15/03/2022 at 12:03

Updated on 15/03/2022 at 12:05

Trecho da BR-262, que liga Três Lagoas a São Paulo (Foto: Marcos Maluf)

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About 1.3 Thousand Kilometers Connecting SP and MS Will Benefit from Charging Points for Electric Cars

18 new charging points for electric cars have arrived in Brazil through one of the largest private energy generators in the country. China Three Gorges (CTG) announced through its official channels that it plans to install the new electric vehicle charging points on the section of BR-262 that connects Três Lagoas to São Paulo. The company emphasizes that in addition to working with charging stations, it is interested in operating in the Brazilian renewable energy market.

CTG’s Installation of Charging Stations Promises to Cover 1,3 Thousand KM

The Chinese company informs that over 1,200 kilometers of roads will benefit from its charging points. The electric car charging points will be operational by 2023. About 10 plants from the Chinese CTG and two small hydropower plants will be responsible for providing energy to the charging points.

According to ABVE (Brazilian Electric Vehicle Association), Brazil has 79,800 electric, plug-in hybrid, and hybrid light vehicles. So far, the country has 1,250 charging stations on highways and commercial areas of large cities.

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CTG Charging Points Will Be Powered Solely by Renewable Energy

“Contracts will only be with suppliers of energy from renewable sources, and the process will be validated by unprecedented traceability technology,” stated CTG Brazil’s corporate vice president, José Renato Domingues, in an interview with Estadão.

Initially, the CTG charging points for electric cars may be used free of charge; however, the corporate vice president of the company, José Renato Domingues, highlights that as more people use the stations, this will change. Charging payment systems will be implemented after regulation by Aneel (National Electric Energy Agency).

CTG’s Participation in the Brazilian Market

Brazil is a “priority country” in the international growth strategy of China Three Gorges, according to the company’s website. Since 2013, the state-owned enterprise has been investing in clean energy assets in Brazil, including wind and solar energy, and has become the second-largest private energy generator in the country. In 2016, it acquired the Brazilian assets of Duke Energy Corp., which included about 10 hydropower plants, for US$ 1.2 billion. The IPO proceeds may help Three Gorges raise money for further investments and acquisitions in Latin America.

In June, the company completed the issuance of R$ 845 million (US$ 167 million) in local bonds, of which R$ 650 million will be allocated to the second phase of the project, with a total budget of R$ 3 billion. During an interview with Bloomberg, CTG Brazil’s vice president of finance and investor relations, Carlos Carvalho, discusses growth plans, the potential of solar photovoltaic energy generation, and the start of certification operations with I-Recs.

“First, it is important to explain our structure. Rio Paraná Energia is one of the companies that make up our operations in Brazil. It was created when CTG Brazil won the auction for the concessions of the Ilha Solteira and Jupiá hydropower plants in 2015. Located on the Paraná River, between the states of São Paulo and Mato Grosso do Sul, they have a total installed capacity of 4,995 MW. Being old assets, with over 40 years of operation, when we secured the concessions, we already knew the need to invest in modernizing the plants. We are investing about R$ 3 billion in this process, focusing on increasing the availability and reliability of operations, a significant contribution to the Brazilian electric sector,” highlights Carlos.

Chinese Company CTG to Install 18 Electric Car Charging Stations on BR-262 Connecting MS and SP

About 1.3 Thousand Kilometers Connecting SP and MS Will Benefit from Charging Points for Electric Cars

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CTG’s Installation of Charging Stations Promises to Cover 1,3 Thousand KM

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CTG’s Participation in the Brazilian Market

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Chinese Company CTG to Install 18 Electric Car Charging Stations on BR-262 Connecting MS and SP

About 1.3 Thousand Kilometers Connecting SP and MS Will Benefit from Charging Points for Electric Cars

See Also

CTG’s Installation of Charging Stations Promises to Cover 1,3 Thousand KM

CTG Charging Points Will Be Powered Solely by Renewable Energy

CTG’s Participation in the Brazilian Market

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