(AOF) – Cobra IS, a subsidiary of Vinci, has signed a major PPP contract in Brazil, following auctions organized by the National Electric Energy Agency (ANEEL). Located in the State of Minas Gerais, near Sao Paulo, this contract covers the financing, design, construction and operation of six 500 kV transmission lines to be deployed over 1,020 km, four sections of transmission over a distance of 63 km, a new substation and eight substation extensions.
This contract amounts to 3,484 million BRL (670 million euros). More than 5,000 employees will be mobilized for the construction works which should be completed by the end of 2027, for a period of operation and maintenance of 30 years.
The second design-build contract represents an amount of BRL 2,007 million (€386 million). It provides for the installation of 980 km of transmission lines in the state of Minas Gerais, in the region of Espírito Santo, three new substations and five substation extensions. This work should mobilize 4,900 employees, for delivery scheduled by the end of 2027.
These projects are helping to develop Cobra IS’s business in Brazil, a country in which the company has already installed approximately 32,000 km of power lines over the past 20 years.
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Concern and caution
La Capeb wants to be cautious in its forecasts for the whole year. It expects business growth of between 1.5 and 2.5% in 2022 due to economic uncertainties and rising prices. For its part, the French Building Federation (FFB) is expressing its concerns about the fall in sales of new housing for 2023. It also calls for measuring the impact of the ecological and digital transition on the sector. The RE2020 standard would thus generate additional costs of 5 to 12%. She would like to see a “National Construction Council” set up, recalling that the sector created more than 8,000 jobs during the first quarter.