Iberdrola completes energisation of Alto Paranaíba project in Brazil [Yahoo! Finance]
IBERDROLA SA S/ADR (IBDRY)
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Source: Yahoo! Finance
The project now substantially increases the transmission capacity between northern Minas Gerais and São Paulo, strengthening the National Interconnected System. The National Electric Energy Agency (ANEEL) awarded Neoenergia the Alto Paranaíba lot during auction 001/2022. The project required an investment close to 4.2bn reais ($781m) and includes total infrastructure comprising 1,600km of transmission lines, 3,250 towers and six substations. This makes it the largest project of its kind undertaken by Neoenergia in Brazil. According to Iberdrola, works pertaining to the transmission project concluded more than 15 months earlier than stipulated by the ANEEL deadline. As part of the process, teams completed all foundation works and erected almost every planned tower across the states of Minas Gerais and São Paulo. The Alto Paranaíba project moved into its final phase in October 2025. At that time, Iberdrola stated that cable installation covered more than 1,200km and constru
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