SAO PAULO (Reuters) – Siemens Energy has signed a $200 million deal with Brazil’s Eletrobras to modernize a key electricity transmission line that runs from the gigantic Itaipu hydroelectric plant, a Siemens executive told Reuters.
The project, worth some 1 billion reais ($199.87 million) and expected to be completed by 2026, will upgrade over 800 kilometers of the energy transmission line that connects the Itaipu plant with the key states of Sao Paulo and Parana.
The move to upgrade the line, operated by Eletrobras subsidiary Furnas, is needed as Brazil is increasing its generation of wind and solar power, said Andre Clark, Siemens Energy vice president for Latin America.
Rising solar and wind output poses a dilemma for the power grid due to intermittent generation.
“It’s a system that was created historically for a paradigm (of hydroelectric generation) which is changing very quickly,” Clark said.
The project will also take measures to protect the highly sensitive infrastructure project from cyber attacks, said Clark.
($1 = 5.0033 reais)
(Reporting by Leticia Fucuchima; Writing by Carolina Pulice; Editing by Leslie Adler)
A transmission line is a conductor or conductors used to transport electricity from one location to another, typically over long distances.
Renewable energy is energy generated from natural resources that are replenished constantly, such as solar, wind, and hydroelectric power.
Cybersecurity refers to the practice of protecting systems, networks, and programs from digital attacks, ensuring the confidentiality, integrity, and availability of information.
Project management is the process of planning, executing, and closing projects, ensuring that specific goals and objectives are met within a defined timeline and budget.
Infrastructure financing involves funding for the development and maintenance of essential facilities and systems, such as transportation, utilities, and energy projects.
Explore more articles in the Top Stories category
