Photo for illustrative purposes
BRAZIL – Brazilian companies engaged in power distribution business plan to invest $20 billion by 2023, according to national power regulator Aneel.
According to the information Aneel received from the distribution concessionaires, around $13 billion will be invested in the expansion, $4.3 billion is earmarked for improvements of the existing structures, and $2.2 billion for the renewal of installations, reports BN Americas.
On a regional scale, over $7 billion of the total will be invested in the country’s southeast while the northeast will receive around $5 billion investment over the next four years.
Brazil has 121 power distribution concession contracts.
Source: BN Americas