ISA CTEEP constantly evaluates growth opportunities in the market and has been making progress in this regard. Its strategy is to expand its footprint across Brazil through auctions and/or acquisitions that are synergistic with existing operations, while respecting the minimum required return.

In the last four years, the Company won the bids for thirteen lots in the transmission auctions conducted by ANEEL, for which ANEEL invested (weighted by ISA CTEEP’s stake) a total of BRL5 billion, with an increase in RAP (2020/2021 cycle) of around BRL577 million after the assets go operational. By June 30, 2020, about BRL1.4 billion had been invested in the 13 projects won in the auctions held from 2016 to 2019.

Another important avenue for growth is the investments made in retrofitting projects. In the last seven years, the Company invested an average of BRL215 million/year, with associated average RAP of BRL 45 million/year. It must be noted that these are average amounts and the investments may be non-linear as they depend on ANEEL’s authorizations. The Company has authorizations to invest over BRL 700 million on retrofitting in the coming years

Auctions Subsidiaries % ISA CTEEP Location ANEEL CAPEX
ISA CTEEP Participation
(BRL MM)
Discount RAP ISA CTEEP
Cycle 2019/2020
(BRL MM)
Contract signature Implementation Deadline ANEEL Necessity Date¹ Environmental
License (LI)
Initiation of Construction Entry in Commercial Operation
Auction 013/2015
10/28/2016
IE Paraguaçú
(Lot 3) 
50% Bahia
Minas Gerais
255 0,0% 60 Feb/17 Feb/22 Jan/192 2Q19 -
IE Aimorés
(Lot 4)
50% Minas Gerais 171 0,0% 40 Feb/17 Feb/22 Jan/192 2Q19 -
IE Itaúnas
(Lot 21)
100% Espírito Santo 298 25,1% 53 Feb/17 Feb/22 Jul/18 3Q18 -
Auction 05/2016
04/24/2017
IE Ivaí
(Lot 1)
50% Paraná 968 33,2% 150 Aug/17 Aug/22 Feb/213 4Q19 -
IE Tibagi
(Lot 5)
100% São Paulo 
Paraná
135 32,2% 21 Aug/17 Aug/21 Jan/17 3Q18 -
IE Itaquerê
(Lot 6)
100% São Paulo 398 44,5% 52 Aug/17 Aug/21 Jun/18 3Q18 -
IE Aguapeí
(Lot 29)
100% São Paulo 602 52,7% 60 Aug/17 Aug/21 Dec/18 3Q19 -
IE Itapura
(Lot 25)
100% São Paulo
(Bauru)
126 57,6% 12 Aug/17 Feb/21 Aug/19 2Q18 Aug/19
Auction 02/2018
06/29/2018
IE Itapura
(Lot 10)
100% São Paulo
(Lorena)
238 73,9% 11 Sep/18 Sep/22 Jan/20 3Q19 -
IE Biguaçu
(Lot 1)
100% Santa Catarina 641 66,7% 41 Sep/18 Sep/23 Sep/21 - -
Auction 02/2019
12/19/2019
Minuano
(Lot 1)
100% Rio Grande do Sul 682 66,9% 38 Mar/20 Dec/24 Jan/20 3Q21 - -
Três Lagoas
(Lot 6)
100% Mato Grosso do Sul
São Paulo
99 68,1% 5 Mar/20 Jun/23 Jan/20 1Q21 - -
Triângulo Mineiro
(Lot 7)
100% Minas Gerais 554 65,4% 33 Mar/20 Dec/24 Mar/23 3Q21 - -
Total 5.165   577  
1 According to concession contract.
2 Conditioned to Lot 2 (Alupar)
3 To receive the totality of RAP

Updated on July 30, 2020.