The Minister of Mines and Energy, Alexandre Silveira.| Photo: Roque de Sá/Agência Senado.

The Minister of Mines and Energy, Alexandre Silveira, announced this Friday (5) that the energy transmission auctions should yield investments of R$ 56 billion to the country. Of this total, R$ 36 billion are from lots already announced for this year and R$ 20 billion for 2024. The announcement was made during the meeting on renewable energies of the Consortium of Governors of the Northeast.

The expansion of transmission lines is part of the National Investment Plan for Energy Transmission, informed Agência Brasil. The undertakings will be used to transport renewable energy generation, especially wind and solar energy, in the states of the Northeast.

“The auctions, so fundamental and essential for this to happen, will happen and will bring more than R$ 56 billion in investments for energy transmission in the Northeast. In this first semester, R$ 16 billion will be auctioned, and another R$ 20 billion until the end of 2023, and another R$ 20 billion are already scheduled for next year”, said the minister.

Scheduled for June 30th, the first transmission auction will offer nine lots in the states of Bahia, Espírito Santo, Minas Gerais, Pernambuco, Rio de Janeiro, São Paulo and Sergipe, involving a total of 6,184 km of new transmission lines. The second auction is scheduled for October and will offer three lots. The minister said that the plan will also help expand renewable energy generation in the Northeast, which should contribute to the region’s development.

“We are fully focused on this task, we work to make the installation of this incredible potential of 30 gigawatts of renewable generation feasible and this should unlock more than R$ 120 billion in private investments in the area of ​​renewable generation”, said Silveira. The minister also said that the expansion of energy transmission lines will contribute to greater energy security and also to the reduction of tariffs.