There was a significant migration of consumers from the regulated to free market over the last 12 months, as well as 50.7% hike in wind generation, according to a power sector bulletin from market clearinghouse CCEE.
The investment, an initiative under the so-called Alliance for Prosperity plan, will include public and private funds, as well as US$750mn in financing from the IDB.
The executive director of Brazilian consultancy Thymos Energia spoke to BNamericas about the results of the last energy transmission auction, which she believes it was a success, and about her positive expectations towards the possibility of another transmission tender later this year.
The US$309mn deal hands ISA capital stock in the Brazilian company that was previously held by Fundo de Investimento em Participações Coliseu and Fundo de Investimento em Ações Taurus.
In a stock exchange filing, Cesp said the state government's privatization committee, known as CDPED, voted to "maintain the terms of the company's current concessions."