New circuit breaker in China in Brasilia

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6 Frequently Asked Questions about “New circuit breaker in China in Brasilia”

Does China invest in Brazil?

[Photo/Xinhua] Chinese investment in Brazil has grown significantly in recent years as bilateral relations have deepened. China's presence is especially felt in Brazil's energy and infrastructure sectors. A recent analysis by Brazilian digital media outlet Poder360 estimated such investment from Chinese enterprises alone has exceeded $51 billion.

How much will Brazil's new power plant cost in 2029?

"With an investment of 20 billion reais ($3.4 billion), the project will supply 5 million kilowatts of power to regions including the capital Brasilia and is scheduled to be put into operation in 2029," said Wang Xiaogang, chief technical officer at State Grid Brazil Holding.

When did state grid enter the Brazilian market?

State Grid entered the Brazilian market in 2010 after the 2008 financial crisis, said Wang. Three Spanish companies in need of capital were trying to get rid of their seven concession power companies in Brazil.

How many power-transmission projects has State Grid won in Brazil?

Since then, State Grid has won about a dozen power-transmission projects in Brazil. "Among them, the most noteworthy is the Belo Monte project that has been put into operation," said Wang. The 2,500-km Belo Monte ultrahigh voltage (UHV) transmission project, which started in 2014, was completed in two phases, both ahead of schedule.

Who is State Grid Brazil?

"In 2010, State Grid Brazil Holding Company was established, and the acquisition was completed," Wang said. "We took advantage of the opportunity to enter the Brazilian market, laying a solid foundation for our future development here, thus beginning our grand journey in the Brazilian power industry."

How did SGCC acquire state grid Brazil?

After due diligence and arduous negotiations, SGCC successfully won the contract for approximately $1 billion for 100 percent of the equity in the seven companies. "In 2010, State Grid Brazil Holding Company was established, and the acquisition was completed," Wang said.

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