Brazil’s $4.4 Billion Energy Auction Sees Chinese State Grid Take Top Project

(Bloomberg) — State Grid Corp. of China was the biggest winner at Brazil’s auction for 21.7 billion reais ($4.4 billion) in transmission lines on Friday, which will help connect renewable-power projects to major population centers.

The Chinese utility took the biggest project, and other winners include Celeo Redes Transmissao de Energia SA and Olympus XVI, a consortium backed by Alupar Investimento SA and Mercury Investments Participacoes SA.