ISA CTEEP is constantly evaluating opportunities in the market for its growth and has made progress in this area. The Company's strategy consists of expanding its presence in the national territory through auctions and/or acquisitions with synergies with existing operations, respecting the minimum required return.

Since 2016, the Company has won nineteen lots in transmission auctions held by ANEEL, which add up to an ANEEL investment (weighted by the participation of ISA CTEEP) of R$ 15.8 billion with an increase in RAP (2024/2025 cycle) of around R$ 1.7 billion, after the assets come into operation. Until June 2024, around R$5.8 billion had been invested and eleven of the nineteen projects are in operation, totaling RAP (2024/2025 cycle) of R$651.8 million.

Another important avenue for growth is investment in reinforcement and improvement projects. In the last 3 years, the Company invested an average of R$800 million/year. The amount invested reinforces the commitment to generating sustainable value with projects that contribute to the expansion, security of the electrical energy transmission system, and energy transition in Brazil, thus consolidating the increase in capacity and modernization of its assets that began in 2020. Demands for investment in reinforcements and improvements are more concentrated in renewed contracts, as well as contract 059, in the state of São Paulo, from ISA CTEEP. Today the Company has R$5.0 billion in investments in projects already authorized by ANEEL and which will be carried out between 2024 and 2028. The renewal of assets is a fundamental tool for adequate management of the transmission system and guaranteeing excellent service provision, allowing reduction of operation and maintenance (O&M) costs, longevity of assets and has investment costs (CapEx) remunerated in accordance with Regulation.

Auctions Project Contract Company % ISA CTEEP UF Discount RAP ISA CTEEP
Cycle 2024/2025
(R$ million)
Deadline ANEEL Necessity Date1 ANEEL CAPEX
ISA CTEEP Participation
(R$ million)
Total CapEx ISA CTEEP until 03/31/2024
(R$ million)
Environmental License (LI) Initiation of Construction Land
Development4
Projects
Development5
Entry in Commercial Operation
 013/2015
(oct/2016)
Paraguaçú
(Lot 3) 
003/2017 IE Paraguaçu 50% BA/MG 0,0% 78,9 fev-22 jan-19 255 333 2Q19 100% 100% 3Q22
Aimorés
(Lot 4)
004/2017 IE Aimorés 50% MG 0,0% 49,4 fev-22 jan-19 171 198 2Q19 100% 100% 2Q22
Itaúnas
(Lot 21)
018/2017 IE Itaúnas 100% ES 25,1% 59,5 jun-22 jul-18 298 374 3Q18 100% 100% 1Q23
 005/2016
(apr/2017)
Ivaí2
(Lot 1)
022/2017 IE Ivaí 50% PR 33,2% 178,1 ago-22 fev-21 968 1.050 4Q19 100% 100% 4Q22
Tibagi
(Lot 5)
026/2017 IE Tibagi 100% SP / PR 32,2% 14,8 ago-21 jan-17 135 118 3Q18 100% 100% 4Q20
Itaquerê
(Lot 6)
027/2017 IE Itaquerê 100% SP / PR 44,5% 64,4 ago-21 jun-18 398 255 3Q18 100% 100% 3Q20
Aguapeí
(Lot 29)
046/2017 IE Aguapeí 100% SP / PR 52,7% 76,6 ago-21 dez-18 602 363 3Q19 100% 100% 1Q21
Bauru
(Lot 25)
042/2017 IE Jaguar 6 100% SP 57,6% 14,5 fev-21 ago-19 126 63 2Q18 100% 100% 3Q19
 002/2018
(jun/2018)
Lorena
(Lot 10)
021/2018 IE Itapura 100% SP 73,9% 16,8 set-22 jan-20 238 126 3Q19 100% 100% 4Q21
Biguaçu
(Lot 1)
012/2018 IE Biguaçu 100% SC 66,7% 50,7 set-23 set-21 641 456 1Q21 100% 100% 3Q22
 002/2019
(dec/2019)
Minuano
(Lot 1) 6
001/2020 Evrecy 100% RS 66,9% 50,2 mar-25 jan-20 682 556 1Q22 100% 90% 3Q22
Três Lagoas
(Lot 6)
006/2020 IE Tibagi 100% MS / SP 68,1% 7,6 set-23 jan-20 99 87 2Q21 100% 100% 2Q22
Triângulo Mineiro
(Lot 7)
007/2020 IEMG 100% MG 65,4% 40,5 mar-25 jan-20 554 510 1Q22 100% 100% 3Q23
 001/2020
(dec/2020)
Riacho Grande
(Lot 7)
005/2021 IE Riacho Grande 100% SP 57,9% 88,4 mar-26 jan-26 1.141 280 4Q23 100% 66% -
 001/2022
(jun/2022)
Piraquê
(Lot 3)
008/2022 ISA CTEEP 100% MG / ES 46,8% 325,8 set-27 jan-26 3.654 861 3Q24 4Q23 85% 26% -
Jacarandá
(Lot 6)
011/2022 IE Jaguar 8 100% SP 59,2% 15,3 mar-26 mar-26 232 26 2Q24 4Q23 54% 32% -
 001/2023
(jun/2023)
Serra Dourada
(Lot 1)
006/2023 ISA CTEEP 100% BA/MG 44,8% 305,6 mar-29 immediate 3.157 119 3Q25 3Q25 27% 12% -
Itatiaia
(Lot 7)
012/2023 ISA CTEEP 100% RJ/MG 41,8% 235,6 mar-29 immediate 2.342 57 3Q25 3Q25 26% 14% -
Água Vermelha
(Lot 9)
014/2023 IE Tibagi 100% SP 50,4% 8,0 set-26 jan-26 94 6 2Q24 2Q24 100% 28% -
Total (19) 47,2% 1.680,7 - - 15.785 5.838 15.785 5.838 - - -

1 According to the concession contract.
2 Land Advancement: evolution of released properties.
3 Land Advancement: evolution of released properties.
4 Project Progress: evolution of all activities related to the project until its energization.


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Updated on July 31, 2024.