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The acquisition of a transmission line in Brazil by Actis marks the launch of their new platform.

UK investment firm Actis is set to capitalise on Brazil’s decarbonisation push with the launch of a new transmission platform after completing the purchase of a 743-kilometre (461 mi) power line from EDP - Energias do Brasil SA (BVMF:ENBR3).

The asset purchase comes as part of the British firm’s approach to investing in long-life infrastructure, with further capital allocations into the sector planned for the coming years, it said in a statement on Wednesday.

EDP Brasil separately confirmed it has wrapped up the sale of the EDP Transmissao SP-MG power line at an enterprise value of BRL 2.6 billion (USD 528m/EUR 488m). The asset is associated with BRL 288.5 million in annual allowed revenue.

“The asset Actis is acquiring is net zero aligned and critical to meeting the demand for grid expansion and modernisation required for electrification and renewables deployment as part of the energy transition, as well as the general economic growth of the country,” stated Adrian Mucalov, who heads the long life infrastructure unit at Actis.

In November, Actis agreed to acquire from EDP Brasil two transmission lines at an enterprise value of BRL 2.7 billion. The other asset involved in that transaction is Mata Grande Transmissao de Energia. The sale agreement was part of the asset rotation strategy in the transmission business in Brazil under EDP’s 2023-2026 business plan.

The deal with the Brazilian subsidiary of Portuguese electric utility group EDP Energias de Portugal SA followed Actis’ acquisition of local HRZ Transmissoras in 2021.


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