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


Click here to download the spreadsheet

Updated on October 28, 2021.