The National Bank for Economic and Social Development (BNDES) announced their support for the 2020/2021 investment plan of Neoenergia's electricity distributors (Coelba, Celpe, Cosern and Elektro). The BNDES will finance BRL 3.39 billion out of the BRL 5.75 billion total investment.
The plan seeks to improve compliance and quality of the service provided, in addition to combating non-technical losses. Investments will go towards the renovation of power substations and high voltage transmission lines, and the provision of telecommunications infrastructure.
The project is exected to improve services provided to 14.1 million customers and create 2,300 direct jobs in the states of Bahia, Pernambuco, Rio Grande do Norte, Mato Grosso do Sul and São Paulo.