# GIC and Iberdrola close strategic alliance for transmission networks in Brazil

Iberdrola and GIC closed a strategic alliance to develop transmission networks in Brazil for 456 million euros. The agreement covers 1,865 km of power lines and includes a framework for future joint bids.

- Type: Partnership
- Announced: 2023-09-30
- Where: Brazil
- Value: $486.0M (456.0M EUR)
- Status: completed
- Products: transmission networks, power lines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Iberdrola](https://endata.com/companies/3003.md) (partner)
- [Neoenergia](https://endata.com/companies/3493.md) (partner)
- [GIC](https://endata.com/companies/7738.md) (partner)

## Sources

- [iberdrola.com](https://www.iberdrola.com/press-room/news/detail/gic-and-iberdrola-close-strategic-alliance-to-develop-transmission-networks-in-brazil-for-456-million-euros), 2023-09-30: "Both ANEEL and CADE give their approval to the alliance, which will allow Iberdrola to increase its business in the country"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.