BEIJING - The State Grid Corporation of China 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 ($49.57 million), according to the statement.
The three companies plan to invest a total of 910 million BRL, or 2.83 billion yuan ($450 million), 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.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
