21/01/2019

Elecnor, through its local subsidiary Celeo Redes Transmissão de Energia S.A., has agreed a project bond issue for its transmission lines in Brazil.

The BRL 565 million bond issue accrues interest equivalent to the yield of Interbank Deposit Certificates (“CDI”) plus an annual spread of 0.75%.

The issue was carried out on the local Brazilian market pursuant to the provisions of Instrução da Comissão de Valores Mobiliários nº 476 (“ICVM 476”).

The funds raised from this placement are guaranteed by the Vila do Conde Transmissora de Energia (“VCTE”) and Triângulo TL (“TTL”) projects and will be used to refinance (early cancellation of existing financing and new financing) and invest in other projects.

14/01/2019

Celeo Redes Brasil, a company participated by Elecnor, has been awarded lot 16 in the Aneel auction (Leilao 4/2018) held last December in Sao Paulo. ANEEL estimates investment in the concession at EUR 254 million. Construction is expected to take 60 months and includes the construction and operation of a 230-km, 230kV double-circuit transmission line and three substations with a total power transformation capacity of 900 MVA. Elecnor will carry out the project on a turnkey basis.

The lines, located in the states of Pará and Amazonas, will stretch 3.8 kilometres over the Amazon river and 4.5 kilometres over canals in Parintins.

This infrastructure will meet demand for electricity on both banks of the Amazon river, in particular in the municipalities of Oriximiná, Óbidos and Juruti in the state of Pará and the town of Parintins in the state of Amazonas.

The lot awarded includes:

– 138-km, 230-kV Oriximiná - Juruti TL (3.8 km crossing the Amazon river).

– 102-km, 230-kV Juruti – Parintins TL (4.5 km crossing canals in Parintins).

– SS 500/230 kV Oriximiná – new yard 230 kV and transformation 500/230 kV - (6+1R) x 100 MVA.

– SS 230/138 kV Juruti - 2 x 50 MVA.

– SS 230/138 kV Parintins - 2 x 100 MVA.

Celeo Redes is a company controlled by Elecnor (51%) and the Dutch pension fund manager APG (49%).