On June 24 local time, full-line construction started on a ±800 kV HVDC
transmission project to export renewable power from northeast Brazil.
Independently financed, built and operated by State Grid Brazil Holdings, the
project is the largest transmission concession investment in Brazilian history.
Awarded in Dec 2023 and with a concession agreement signed in Apr 2024, the
project received full construction approval in Jun 2026, is scheduled for
commercial operation in 2029 and carries a 30-year concession term.