The State Grid Corporation of China (SGCC) has won a bid for a power transmission project in Brazil, the company announced Wednesday via a statement on its website.
The SGCC, China's biggest power transmission company, together with Brazil's Copel and Furnas, made a successful bid for the G section of the No. 007/2012 power transmission project concession with an allowed first year operational income of 100 million Brazilian real (BRL) (49.57 million U.S. dollars), according to the statement.
The three companies plan to invest a total of 910 million BRL, or 2.83 billion yuan (about 450 million U.S. dollars), in the project.
The project involves a 967-kilometer, 500-kv transmission line and expansion programs for four 500 kv transformer substations.
Upon the project's completion, the SGCC will operate a total of 9,931 km of transmission lines in Brazil.
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