Brazil: Vinci wins two high-voltage lines, €430 million to be invested
The group obtained these contracts through its subsidiary Cobra IS, for a total of 140 km of lines in the States of São Paulo and Paraná. These awards, announced on 12 November 2026, bring the number of public-private partnerships (PPPs) for high-voltage lines held by the subsidiary to eight, seven of which are in Brazil.
A 22.3 km line in São Paulo, a 116.5 km line in Paraná
Both contracts were awarded following auctions organised by ANEEL, Brazil's electricity regulator. The first covers a 22.3 km line and an electrical substation in the State of São Paulo.
The second covers a 116.5 km line, an electrical substation and the extension of two existing substations in the State of Paraná.
Approximately €430 million invested, up to 60 months of construction and 30 years of operation
In both cases, Cobra IS is responsible for designing, financing and building the lines, before operating them for 30 years. Construction is expected to last up to 48 months for the São Paulo contract and up to 60 months for the Paraná contract.
The subsidiary will invest approximately €430 million in these two contracts. According to the group, they will further strengthen its position on the Brazilian electricity transmission market.
Nearly 3,000 km of PPP lines and disposals of stakes
These two contracts add to two other lots won at auctions in April, in the States of São Paulo, Rio de Janeiro, Pará and Mato Grosso. Cobra IS's portfolio of high-voltage line PPPs now covers nearly 3,000 km, including Australia.
Portfolio growth goes hand in hand with disposals: since 2023, Cobra IS has sold its 50% stakes in four PPPs in Brazil for more than €300 million, including that of the Pampa PPP in July 2026. The subsidiary also operates and maintains approximately 45,000 km of electricity lines in Brazil.
