Axia Energia, BTG emerge as big winners in Brazil power transmission auction

Edp SA

31/10/2025 20:09

By Leticia Fucuchima

SAO PAULO, Oct 31 (Reuters) - Brazilian power company Axia Energia ELET6.SA and a fund owned by lender BTG Pactual BPAC3.SA emerged on Friday as the main winners in a local energy transmission auction, securing projects set to expand and strengthen the country's power grid.

The only power transmission auction in Brazil this year offered seven lots for the construction of transmission lines and substations, with total investments estimated at 5.5 billion reais ($1.02 billion). The projects will start operating within five years.

Axia, formerly known as Eletrobras, committed to the largest investment in the auction - 1.63 billion reais - by winning four projects in the states of Minas Gerais, in southeastern Brazil, and Rio Grande do Norte, in the country's Northeastern region.

The largest energy transmission operator in the country, Axia will seek to bring forward the start of operations for the projects, said the firm's Vice President of Expansion Engineering, Robson Pinheiro.

The other big winner was BTG's Warehouse investment fund, which won a single lot, but one that has an estimated allocation of 1.24 billion reais. The project connects northern state of Rondonia to the center-western state of Mato Grosso.

Brazilian power firm CPFL also won a project, located in the country's South region, while Portugal's EDP won one in the Center-West region.

Twenty groups had qualified for the auction, including companies such as Engie Brasil EGIE3.SA, Alupar ALUP11.SA, and Taesa TAEE11.SA.

($1 = 5.4039 reais)

 (Reporting by Leticia Fucuchima; Writing by Fernando Cardoso; Editing by Lisa Shumaker)

 ((fernando.cardoso@thomsonreuters.com;))