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Iberdrola and GIC form strategic alliance for transmission networks in Brazil · Endata

◂ Announcements

Apr 26, 2023PARTNERSHIPBrazil

Iberdrola and GIC form strategic alliance for transmission networks in Brazil

Iberdrola signed a strategic agreement with GIC to co-invest in Brazilian transmission networks for 2.4 billion Brazilian reais (€430 million). The partners will co-invest in operational assets and sign a framework agreement to jointly participate in future tenders.

Value

$430.0M (2.40B BRL)

Status

Announced

Capacity

1,865 km of transmission lines (operational); 6,279 km (under construction/operation)

Productstransmission lineselectricity transmission networks

CompaniesIberdrola partner GIC partner

Sectors#Electrical Equipment #Power Generation Equipment

“Iberdrola has signed a strategic agreement with GIC, a leading institutional investors, for the development of transmission networks in Brazil for 2.4 billion Brazilian reais - 430 million euros.”iberdrola.com

1 source
iberdrola.comWe seal a strategic alliance with GIC for the expansion of transmission networks in Brazil - IberdrolaIBERDROLA CORPORATIVEApr 26, 2023

Summarized from public sources; check the original articles before acting on it.

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