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.
Another important avenue for growth is the investments made in retrofitting projects. In the last six years, the Company won the bids for 14 lots in the transmission auctions conducted by ANEEL, for which ANEEL invested (weighted by ISA CTEEP’s stake) BRL6.3 billion, with an increase in RAP (2021/2022 cycle) of around BRL668 million after the assets go operational. The Company has authorizations to invest over BRL2.3 billion on retrofitting projects, which may be executed until 2025.
| Auctions | Project | Subsidiaries | % ISA CTEEP |
Location | ANEEL CAPEX ISA CTEEP Participation (BRL MM) |
Discount | RAP ISA CTEEP Cycle 2021/2022 (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 |
Paraguaçú (Lote 3) |
IE Paraguaçu | 50% | Bahia Minas Gerais |
255 | 0,0% | 65 | fev-17 | fev-22 | jan-19 |  |
2Q19 | 99% | 91% | - |
| Aimorés (Lote 4) |
IE Aimorés | 50% | Minas Gerais | 171 | 0,0% | 44 | fev-17 | fev-22 | jan-19 | |
2Q19 | 100% | 94% | - | |
| Itaúnas (Lote 21) |
IE Itaúnas | 100% | Espírito Santo | 298 | 25,1% | 58 | fev-17 | fev-22 | jul-18 | |
3Q18 | 100% | 74% | - | |
| Auction 05/2016 4/24/2017 |
Ivaí2 (Lote 1) |
IE Ivaí | 50% | Paraná | 968 | 33,2% | 162 | ago-17 | ago-22 | fev-21 | |
4Q19 | 98% | 89% | - |
| Tibagi (Lote 5) |
IE Tibagi | 100% | São Paulo Paraná |
135 | 32,2% | 11 | ago-17 | ago-21 | jan-17 | |
3Q18 | 100% | 100% | 4Q20 | |
| Itaquerê (Lote 6) |
IE Itaquerê | 100% | São Paulo | 398 | 44,5% | 62 | ago-17 | ago-21 | jun-18 | |
3Q18 | 100% | 100% | 3Q20 | |
| Aguapeí (Lote 29) |
IE Aguapeí | 100% | São Paulo | 602 | 52,7% | 63 | ago-17 | ago-21 | dez-18 | |
3Q19 | 100% | 100% | 1Q21 | |
| Bauru (Lote 25) |
IE Itapura | 100% | São Paulo (Bauru) |
126 | 57,6% | 13 | ago-17 | fev-21 | ago-19 | |
2Q18 | 100% | 100% | 3Q19 | |
| Auction 02/2018 06/29/2018 |
Lorena (Lote 10) |
IE Itapura | 100% | São Paulo (Lorena) |
238 | 73,9% | 42 | set-18 | set-22 | jan-20 | |
3Q19 | 100% | 100% | - |
| Biguaçu (Lote 1) |
IE Biguaçu | 100% | Santa Catarina | 641 | 66,7% | 45 | set-18 | set-23 | set-21 | |
1Q21 | 93% | 81% | - | |
| Auction 02/2019 12/19/2019 |
Minuano (Lote 1)6 |
Evrecy | 100% | Rio Grande do Sul | 682 | 66,9% | 36 | mar-20 | dez-24 | jan-20 | 1Q22 | 1Q22 | 82% | 38% | - |
| Três Lagoas (Lote 6) |
IE Tibagi | 100% | Mato Grosso do Sul São Paulo |
99 | 68,1% | 6 | mar-20 | jun-23 | jan-20 | |
2Q21 | 96% | 85% | - | |
| Triângulo Mineiro (Lote 7) |
IEMG | 100% | Minas Gerais | 554 | 65,4% | 12 | mar-20 | dez-24 | jan-20 | 4Q21 | 4Q21 | 90% | 29% | - | |
| Auction 01/2020 12/17/2020 |
Riacho Grande (Lote 7) |
IE Riacho Grande | 100% | São Paulo | 1.141 | 57,9% | 68 | mar-21 | dez-25 | jan-26 | 2Q23 | 4Q23 | 0% | 15% | - |
| Total | 6.306 | 684 | |||||||||||||
1 According to concession agreement
2 To receive the total amount of RAP
3 Land Development: evolution of properties released
4 Project Development: evolution of all activities related to the project until electricity is provided to it
5 E 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
6 Obtaining parcial LI
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Updated on October 28, 2021.