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Spain’s Iberdrola is awarded the construction of electrical substation in Brazil with an investment of US$115 million

RIO DE JANEIRO, BRAZIL - Bilbao-based Iberdrola, a Spanish multinational electric utility company, through its subsidiary Neoenergía, has been awarded the construction and commissioning of a high-voltage electrical substation in Brazil, with a planned investment of 103 million euros, the company announced on Monday.

The infrastructure will be located in Ibiraci, in the state of Minas Gerais, and the award was granted by Brazil's electricity system regulator, the Agencia Nacional de Energia Elétrica (ANEEL), in an international tender to attract investment and improve and expand the country's transmission networks.

The project consists of the 500 . . .

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