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ECONOMY
THIS WEEK> THIS WEEK NO. 1, 2013> ECONOMY
UPDATED: December 29, 2012 NO. 1 JANUARY 3, 2013
Winning a Foreign Bid
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The State Grid Corp. of China (SGCC), the country's biggest power transmission company, has won a bid for a power transmission project in Brazil, said the company on December 26.

The SGCC, 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 about $49.57 million.

The three companies plan to invest a total of about $450 million in the project.

The project involves a 967-km, 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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