Consortium with Alupar wins largest lot in Brazil power transmission auction

About this update from Alupar Investimento Sa

A consortium formed by Brazilian power company Alupar BMFBOVESPA:ALUP3 and the Infra II Investment fund won on Friday the largest lot in a power transmission auction in the country, securing projects expected to require 1.1 billion reais ($212.78 million) in investment.The consortium's bid was a 52% discount from the revenue it can earn from the projects, according to the auction results released in Sao Paulo at stock exchange B3.($1 = 5.1696 reais)

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