| SAO PAULO
SAO PAULO Jan 19 Power companies with
wind-generation capacity could take over transmission line
projects in Brazil operated by Abengoa SA after the
Spanish construction group's insolvency filing halted work on
Candidates include groups like Renova Energia SA
and CPFL Renovaveis SA that would lose revenue if the
transmission lines go unfinished or remain inactive, three
specialists with knowledge of the discussions said on Monday.
Any proposal to take over Abengoa's rights would require
approval from Brazil's electrical power regulator Aneel.
"Various generators are already meeting to see if they can
make these projects viable," said consultant Barne Laureano of
Laureano & Meirelles Engenharia.
Casa dos Ventos, a smaller company that does not have
projects threatened by Abengoa's Nov. 25 insolvency filing in
Spain, is also studying some specific Abengoa assets, according
to the company's director of new business Lucas Araripe.
He said the companies do not necessarily want to take over
entire concession contracts, only the minimum parts needed to
keep plants going.
Renova and CPFL declined to comment.
Enel Green Power, which has wind power installations in
Brazil's Northeast, said in a statement it is not interested in
Abengoa's assets but said it had participated in meetings with
other companies that were.
Abengoa estimated that 1.5 gigawatts of wind generation
capacity would be connected to transmission lines it was
constructing. The Spanish company said in a statement it was in
constant contact with local authorities to find a solution.
Efforts are focused on restarting construction on the
projects, minimizing impacts and reaching a suitable solution
for all stakeholders affected by the current situation, it said.
(Writing by Caroline Stauffer; Editing by Meredith Mazzilli)