Country puts energy company for sale

The Fund will offer for sale your Homeland energy company, Argo, who owns 1100 kilometers of transmission lines that cross the States of Maranhão, Piauí and Ceará, found the State. Valued at some R $6 billion, including debt, the deal is expected to attract heavyweights like Brookfield, Taesa and State Grid, giants who are already in Brazil, and specialized in infrastructure investment fund, according to sources familiar with the matter. One of the largest investment funds in the country, the Country has focused its bets on energy and infrastructure in Brazil. The Argo project was won in auction promoted by the national electricity Agency (Aneel), in April 2016. At the time, the planned investment in the project were of the order of R $2 billion for the construction of the 1100 km of power transmission lines, in addition to four substations. The works of the project must be closed in July, two years ahead of schedule. The project's mission is to help distribute the energy generated by wind farms in the Northeast region. The concession contract lasts 30 years. Last year, the Banco Nacional de Desenvolvimento Econômico e Social (BNDES) released funding of R $1.5 billion for installation of the transmission lines of the Argo. The process of selling the Argo began a few weeks ago and is being presented to strategic and financial investors, according to people familiar with the topic. Identified by sources as potential buyers of the Argo, the Canadian Manager Brookfield and the energy company not expressed Taesa. Another potential buyer, the State Grid, did not return requests for interviews. Sought, the Country also wouldn't comment. Investments Despite trying to sell specifically this active, brazilian Manager will continue in the infrastructure sector and with relevant participation in various energy projects in Latin America. Currently, the Country is a partner of CPFL, greater Latin America's renewable energy platform, and takes part in the LAP-Latin America Power, hydro and wind energy platform in Chile and Peru. In addition, controls the Tecnogera, company that provides temporary energy solutions. Recently, the Fund has come to consider the purchase of a large infrastructure assets. The Country was named as one of the interested in to participate, through a consortium, the purchase of the TAG pipeline, which was won by the French company Engie, which paid $ $8.6 billion to Petrobras. Field played The search for good infrastructure assets in Brazil is disputed, with the participation of investors and national and international companies. At the end of last year, for example, the Votorantim Group, in partnership with the Canadian Fund Canada Pension Plan Investment Board (CPPIB), obtained control of the Companhia Energética de Sao Paulo (Cesp), for almost R $2 billion. The Country also came to evaluate participate in this auction, according to market sources. If investors ' attention back to the upcoming infrastructure auctions by the federal Government. Among the assets to be offered in the next few months are the State-owned energy assets Eletrobras and Cemig. In addition, is also being prepared a package of road concessions.