ISA CTEEP constantly assesses market opportunities for growth and has been making progress in this context. The Company’s strategy is to expand its presence throughout Brazil by means of auctions and/or acquisitions that are synergistic with existing operations, while respecting the minimum required return.

In the last four years, the Company placed winning bids for thirteen lots in ANEEL’s transmission auctions, for a total ANEEL investment (weighted by ISA CTEEP’s stake) of BRL 5 billion, with an increase in RAP (2019/2020 cycle) of approximately BRL 567 million, once the assets become operational.

Three of the thirteen lots were won at ANEEL Auction 02/2019, held in December 2019, and represent an additional 379 km of transmission lines and 4,291 MVA in power, with ANEEL investment of BRL 1.3 billion and BRL 76 million in RAP.

In 3Q19, the Company energized the first lot out of the thirteen: IE Itapura (Bauru), 18 months ahead of ANEEL’s implementation schedule.

Project evolution is in line with the challenging estimated budget and schedule, which considers a reduction in CapEx and the anticipation of entry into operations ahead of ANEEL’s estimated schedule. By December 31, 2019, an approximate BRL 890 million had been invested in the 10 projects won in the auctions held from 2016 to 2018.

Another important avenue for growth lies with investment in reinforcement and improvement projects. In the past five years, the Company invested an average BRL 180 million/year, with associated average RAP of BRL 50 million/year. It is important to emphasize that these are average amounts and the investments are non-linear, as they depend on ANEEL Authorizing Resolutions. In 2019, the Company invested BRL 133 million in these projects and has already been granted authorizations to invest another BRL 500 million.

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% 59 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% 52 Feb/17 Feb/22 Jul/18 3Q18 -
Auction 05/2016
04/24/2017
IE Ivaí
(Lot 1)
50% Paraná 968 33,2% 147 Aug/17 Aug/22 Feb/213 4Q19 -
IE Tibagi
(Lot 5)
100% São Paulo 
Paraná
135 32,2% 20 Aug/17 Aug/21 Jan/17 3Q18 -
IE Itaquerê
(Lot 6)
100% São Paulo 398 44,5% 51 Aug/17 Aug/21 Jun/18 3Q18 -
IE Aguapeí
(Lot 29)
100% São Paulo 602 52,7% 59 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% 40 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   567  
1 According to concession contract.
2 Conditioned to Lot 2 (Alupar)
3 To receive the totality of RAP

Updated on April 29, 2020.