• This is the second transmission line concession that the company has won during 2024.
• The concession has a duration of 30 years and consists of the expansion of a substation with a total capacity of 500 megavolt-amperes (MVA).
• The projects will contribute to meeting the energy needs of the Barra region, in the São Francisco Valley, in the State of Bahia.
• The company will create almost 400 direct jobs during the construction period.
• Cox is the world leader in infrastructure, with more than 30,000 kilometers of transmission lines built, of which 10,000 kilometers were developed in Brazil.

Madrid, September 30, 2024. Cox, a vertically integrated global water and energy utility, has been awarded, through its headquarters in Brazil, a concession in the framework of Leilão de Transmisión for a total of 140 million euros, the second that the company has won in the country in less than a year. This time it is Lot 4 of the Transmission Lines 2 auction held, which includes the construction of a substation with a total power of 500 megavolt-amperes (MVA).

The concession has a duration of 30 years from the signing of the contract and the project will contribute to meeting the energy needs of the Barra region, in the São Francisco Valley, Bahia State. The works are estimated to create almost 400 direct jobs. The construction of the project is expected to be carried out by Cox and is expected to begin in December of this year and to start operations in March 2029.

Cox has built more than 30,000 kilometers of transmission lines globally, of which more than 10,000 kilometers have been in Brazil, where it has been present for 25 years, contributing to the supply of part of the country’s energy consumption in an efficient and sustainable manner.

Cox CEO Enrique Riquelme highlighted the importance of this award, which confirms the positive dynamics of the group and its commitment to a recurring and stable business model based on concessions. “Brazil is one of the markets on which we have been focusing our activity for several years, key in the company’s strategy and with great opportunities for the future of the multinational.

Furthermore, since 2007, through its subsidiary Cox Bioenergía Brasil, it has been developing industrial and agricultural activity for the production of ethanol and sugar in the north of the State of São Paulo (São Joao Plant) with a milling capacity of more than 2,500,000 tons, producing nearly 200,000 tons of sugar and 41 million liters of bioethanol per year, managing more than 25,000 agricultural hectares and generating direct local employment for more than 2,000 people.