Press office
Press office
- This business transaction represents a €382 million investment for the Red Eléctrica Group.
- With the acquisition of 50% of Argo Energía, the Red Eléctrica Group starts up its activity in Brazil, the main market in the Latin American electricity transmission sector.
- As a result of the acquisition, both companies will now manage three electricity transmission concession contracts for a period of 30 years; said contracts encompass a total 1,460 km of high voltage circuit (500 kV and 230 kV) and 11 substations.
- The agreement represents the first step for a long-term alliance and for the joint development of electricity transmission projects in Brazil.
