NewzNeoenergia, a subsidiary of Iberdrola, has announced a planned investment of 3.100 million reals, equivalent to approximately 600 million dollars, directed toward the electrical grid of Brasilia. The announcement was made in São Paulo on August 7. The funds are scheduled to be deployed through the year 2030.
The capital injection will focus on the expansion, modernization, and digital transformation of the region's power distribution infrastructure. According to the reported figures, this planned investment represents a 118 percent increase compared to previous levels.
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