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 September 30, 2020, about BRL2 billions 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 BRL1 bn on retrofitting in the coming years

Auctions Subsidiaries % ISA CTEEP Location ANEEL CAPEX
ISA CTEEP Participation
(BRL MM)
Discount RAP ISA CTEEP
Cycle 2020/2021
(BRL MM)
Contract signature Implementation Deadline ANEEL Necessity Date¹ Environmental License (LI) Initiation of Construction Land
Development4
Projects
Development5
Entry in Commercial Operation
Auction 013/2015 10/28/2016 IE Paraguaçú
(Lot 3) 
50% Bahia
Minas Gerais
255 0,0% 61 Feb/17 Feb/22 Jan/192 2Q19 96% 84% -
IE Aimorés
(Lot 4)
50% Minas Gerais 171 0,0% 41 Feb/17 Feb/22 Jan/192 2Q19 100% 84% -
IE Itaúnas
(Lot 21)
100% Espírito Santo 298 25,1% 53 Feb/17 Feb/22 Jul/18 3Q18 100% 64% -
Auction 05/2016 4/24/2017 IE Ivaí
(Lot 1)
50% Paraná 968 33,2% 150 Aug/17 Aug/22 Feb/213 4Q19 74% 50% -
IE Tibagi6
(Lot 5)
100% São Paulo 
Paraná
135 32,2% 21 Aug/17 Aug/21 Jan/17 3Q18 100% 99% -
IE Itaquerê
(Lot 6)
100% São Paulo 398 44,5% 52 Aug/17 Aug/21 Jun/18 3Q18 100% 100% 3Q20
IE Aguapeí
(Lot 29)
100% São Paulo 602 52,7% 60 Aug/17 Aug/21 Dec/18 3Q19 100% 93% -
IE Itapura
(Lot 25)
100% São Paulo
(Bauru)
126 57,6% 12 Aug/17 Feb/21 Aug/19 2Q18 100% 100% 3Q19
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 100% 79% -
IE Biguaçu
(Lot 1)
100% Santa Catarina 641 66,7% 41 Sep/18 Sep/23 Sep/21 3Q20 - 50% 41% -
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 - - 18% -
Três Lagoas
(Lot 6)
100% Mato Grosso do Sul
São Paulo
99 68,1% 5 Mar/20 Jun/23 Jan/20 1Q21 - 5% 17% -
Triângulo Mineiro
(Lot 7)
100% Minas Gerais 554 65,4% 33 Mar/20 Dec/24 Mar/23 3Q21 -   18% -
Total 5.165   577                
1 According to concession agreement
2 Conditioned on Lot 2 (Alupar)
3 To receive the total amount of RAP
4 Land Development: evolution of properties released
5 Project Development: evolution of all activities related to the project until electricity is provided to it | 6 IE Tibagi's RAP value does not consider adjustment resulting from the contractual amendment (-13.5%), approved by ANEEL's Board of Directors on 10/26/20

Updated on October 29, 2020.