Around 1,3 kilometers connecting SP and MS will benefit from charging points for electric cars
18 new charging points for electric cars arrived in Brazil through one of the largest private power generators in the country. China Three Gorges (CTG) announced through its official channels that it intends to install new charging points for electric vehicles on the stretch of BR-262, which connects Três Lagoas to São Paulo. The company points out that in addition to working with charging stations, it is interested in operating in the Brazilian renewable energy market.
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Installation of charging stations by CTG promises to cover 1,3 km
The Chinese company informs that more than 1,2 kilometers of roads will benefit from its recharge points. The electric car charging points will start operating by 2023. About 10 Chinese CTG plants and two small hydroelectric plants will be responsible for feeding the energy to the charging points.
According to ABVE (Brazilian Electric Vehicle Association), Brazil has 79,8 electric, plug-in hybrid and hybrid cars and light commercial vehicles. So far, the country has 1.250 charging stations on roads and commercial areas in large cities.
CTG has been operating in Brazil since 2013. The company has investments in 17 hydroelectric power plants, in addition to equity interests in 11 wind farms.
CTG charging points will only be powered using renewable energy
“The contracts will only be with suppliers of energy coming from renewable energy sources and the process will be attested by unprecedented traceability technology,” said the corporate vice president of CTG Brasil, José Renato Domingues in an interview with Estadão.
Initially, CTG electric car recharging points may be used free of charge, however, the company's corporate vice-president, José Renato Dominguesa points out that, with more people using the stations, this will change. Recharge charging systems will be used after regulation by Aneel (National Electric Energy Agency).
CTG's participation in the Brazilian market
Brazil is a “priority country” in China Three Gorges' international growth strategy, according to the company's website. Since 2013, the state-owned company has invested 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 around 10 hydroelectric power plants, for US$1,2 billion. Proceeds from the IPO could help Three Gorges raise money for further investments and acquisitions in Latin America.
In June, the company completed the issuance of R$ 845 million (US$ 167 million) in local bonds, of which R$ 650 million will be invested in the second stage of the enterprise, whose total budget is R$ 3 billion. During an interview with bloomberg, the vice president of finance and investor relations at CTG Brasil, Carlos Carvalho, talks about growth plans, the potential of photovoltaic solar energy generation and the start of certification operations with I- Rec.
“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 Brasil won the concession auction for the Ilha Solteira and Jupiá hydroelectric 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. Because they are old assets, with more than 40 years of operation, when we won the concessions we already knew the need to invest in the modernization of the plants. We are investing around BRL 3 billion in this process, focusing on increasing the availability and reliability of operations, an important contribution to the Brazilian electricity sector,” highlights Carlos.
