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ENGI Engie

16.10
0.02 (0.12%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Engie EU:ENGI Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.02 0.12% 16.10 16.085 16.20 16.205 16.05 16.10 6,124,533 16:40:00

Engie Wins 30-Year Concession Project in Brazil

23/01/2020 9:41am

Dow Jones News


Engie (EU:ENGI)
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   By Giulia Petroni 
 

Engie S.A. (ENGI.FR) said Thursday that it won a 30-year concession project in Brazil.

The French utility said the greenfield project includes the construction, operation and maintenance of a 1,800-kilometer electric power transmission line, a new substation and the expansion of three existing substation in northern Brazil.

The total investment cost is expected to be 750 million euros ($831.3 million), Engie said. Construction is scheduled to start this year.

"We are accelerating the delivery of our strategy in Latin America where there is a strong need for new infrastructure to meet increasing energy demand" said Chief Executive Isabelle Kocher.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

January 23, 2020 04:26 ET (09:26 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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