VINCI Secures Major Contract for High-Voltage Lines in Brazil
VINCI Secures Major Contract for High-Voltage Lines in Brazil
VINCI has reached a significant milestone in the energy sector with a new contract for the design and construction of high-voltage electricity transmission lines. This project encompasses a staggering 738 kilometers of lines across three Brazilian states, namely Minas Gerais, Paraná, and Santa Catarina.
Project Overview
Engie Brasil has entrusted Cobra Brasil, a key subsidiary of VINCI, with this vital project. The contract is valued at approximately €150 million and is set to greatly strengthen Brazil's electrical infrastructure. As the country increasingly turns to renewable energy, the demand on existing electricity networks has surged, necessitating upgrades and expansions.
Economic Impact and Job Creation
The development of these transmission lines is expected to create over 2,200 new jobs, marking a significant boost to the local economy. This aligns with VINCI's commitment to not only provide excellent infrastructure but also to enhance the community’s socio-economic landscape through job opportunities.
Cobra Brasil's Expanding Role
With this latest contract, Cobra Brasil will oversee a total of 2,400 kilometers of high-voltage line constructions across various Brazilian territories. This is a testament to their growing footprint in the energy sector and their capability in managing large-scale projects.
Proven Track Record
Cobra IS, the parent company, boasts an impressive history of constructing over 30,000 kilometers of high-voltage lines throughout Brazil in the past twenty years. Their experience in navigating public-private partnerships has placed them at the forefront of the energy revolution in the region, ensuring the infrastructure can meet future demands.
About VINCI
VINCI stands as a global leader in concessions, energy services, and construction, with a dedicated workforce of 285,000 employees spanning more than 120 countries. The company’s mission is to design, finance, build, and manage infrastructures that enhance everyday life and mobility. VINCI emphasizes all-around performance, focusing on environmentally and socially responsible operations while driving long-term value for its Stakeholders.
For more information about VINCI and its projects, please visit www.vinci.com.
Frequently Asked Questions
What is the value of the contract VINCI secured?
The contract is valued at approximately €150 million.
How many kilometers of transmission lines are included in the project?
The project includes 738 kilometers of high-voltage transmission lines.
Which states in Brazil will the new lines connect?
The lines will connect the states of Minas Gerais, Paraná, and Santa Catarina.
How many jobs will the project create?
The project is expected to create over 2,200 jobs.
What is the experience of Cobra IS in energy infrastructure projects?
Cobra IS has built over 30,000 kilometers of high-voltage lines in Brazil over the last two decades.
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