History
Alupar Investment S.A. is a national private holding company that was established in 2007.
Between July and December 2007, Alupar implemented a corporative reorganization process, through acquisitions and investments, and became stockholder in the following electric power transmission companies, previously controlled by Holding Company: EATE, ECTE, ENTE, ERTE, ETEP, ETES, Lumitrans, STC, STN, Transirapé, Transleste and Transudeste, as well as special purpose companies in the sector of electric power generation as: Foz do Rio Claro, Ijuí, Queluz and Lavrinhas.
Later, Alupar acquired EBTE, ESDE, ETEM, ETVG, TME, TNE, ETSE, Ferreira Gomes and Energia dos Ventos in auctions held by Aneel between 2008 and 2011. Also in 2011, the Company acquired autorization to build the SHPP Morro Azul in Colombia.
In 2013, the Company sold energy in the ANEEL auctions of June and October 2013 for the small hydroelectric power plants Verde 08 and Antônio Dias, with 30.0 MW and 23 MW, respectively (the sold enery contracts were terminated on May 29, 2017); in addition to receiving the authorization to implement the La Virgen HPP, with 93.8 MW, in Peru.
In 2014, Alupar won the Lot C (ELTE) at the ANEEL Auction 001/2014, the granting of transmission assets.
In 2016, Alupar won Lots I (ETAP) and T (ETC) at the ANEEL Auction 13/2015, the granting of transmission assets. Also in 2016, Alupar won three Lots in the Transmission Auction Aneel 13/2015 – Stage 2, the Lots 2 (TPE) and 6 (TCC) and through its subsidiary EATE, the Lot 22 (ESTE). Bisedes that, also in 2016, Alupar won the bidding process UPME 07-2016 (TCE) through its controlled company Alupar Colombia.
In 2017, Alupar won Lot 19 (TSM) at the ANEEL Auction 05/2016, the granting of transmission assets. In addition, Alupar acquired equity interest in the Transmitter ETB and EDTE.
In 2018, through the Eletrobras Auction 01/2018, APAETE, a company formed by Alupar and CSHG Perfin Apollo 16 Investment Fund, was winner for the Lot O, acquiring the stake of Eletrobrás’ in AETE.
In 2020, grants were issued enabling the implementation of two wind farms that are part of the Agreste Potiguar Wind Complex in the municipality of Jandaíra in the State of Rio Grande do Norte, these two parks have an installed capacity of 63.0 MW, the Wind Complex Agreste Potiguar has seven wind farms with a total installed capacity of 214.2 MW. Additionally, in 2020, a grant was issued for the implementation of the Pitombeira Photovoltaic Power Plant, in the municipality of Aracati, State of Ceará, with an installed capacity of 61.7 MWp.
This consolidation enabled Alupar to hold a total of 8,129 km of power transmission lines distributed in 30 companies, 598.1 MW from hydropower, 161.7 MW from wind power and 61.7 MWp from solar energy.
In 2022, 36 of the 43 assets controlled by Alupar were in operation, 27 of which in the transmission segment, 8 in the hydroelectric generation segment and 1 wind farm complex also in the generation segment. Note that all the transmission and generation assets in operation have been developed and implemented by Alupar, proving Alupar’s technical capacity in the development of greenfield projects.
In 2023, we began a new growth cycle, with the arrival of new transmission projects in Brazil as well as the company’s expansion in Latin America, through 3 new projects: A new perpetual project in Chile, marking our return to the country after a successful performance between the years 2005 and 2016; A new transmission project in Peru marking the company’s entry into the transmission segment in the country; And a new project in Colombia consolidating Alupar’s position in the transmission segment of this country. With these new contracted projects, we reached the milestone of 8,805 km of transmission lines across 30 operational assets and 5 pre-operational assets expected to enter into operation by 2029.
Also in 2023, we concluded the implementation of our energy generation projects with the commissioning of the São João and Santa Régia wind farms (EAP I and EAP II), as well as the start of operations of the company’s first hybrid project, the UFV Pitombeira. In this way, we reached the milestone of 798.5 MW in installed capacity for energy generation, across 11 assets located in Brazil, Colombia, and Peru
Transmisison Assets
Below we show the evolution of the transmission assets of Alupar, proving the Company’s efficiency in preparing and conducting projects in the transmission segment.
Company |
Contract Signing Date |
Begin Operations |
Concession Expiration |
Total Line Extension |
% Alupar |
RAP‘s 50% Reduction |
Readjustment Index |
RAP / RBNI (2023-24) R$MM |
ETEP |
June 12, 01 |
August 25, 02 |
June 12, 31 |
323 km |
50.02% |
Sep-17 |
IGP – M |
89.2 |
ENTE |
December 11, 02 |
February 12, 05 |
December 11, 32 |
464 km |
50.01% |
Mar-20 |
IGP – M |
195.1 |
ERTE |
December 11, 02 |
September 15, 04 |
December 11, 32 |
179 km |
50.01% |
Oct-19 |
IGP – M |
44.4 |
EATE |
June 12, 01 |
March 10, 03 |
June 12, 31 |
924 km |
50.02% |
Mar-18 |
IGP – M |
379.0 |
ECTE |
November 1, 00 |
March 26, 02 |
November 1, 30 |
253 km |
50.02% |
Apr-17 |
IGP – M |
86.2 |
STN |
February 18, 04 |
January 1, 06 |
February 18, 34 |
541 km |
51.00% |
Feb-21 |
IGP – M |
171.7 |
TRANSLESTE |
February 18, 04 |
December 18, 05 |
February 18, 34 |
150 km |
33.71% |
Jan-21 |
IGP – M |
35.4 |
TRANSUDESTE |
March 4, 05 |
February 23, 07 |
March 4, 35 |
140 km |
33.71% |
Mar-22 |
IGP – M |
21.9 |
TRANSIRAPÉ |
March 15, 05 |
May 23, 07 |
March 15, 35 |
65 km |
33.71% |
Jun-22 |
IGP – M |
42,7 |
STC |
April 27, 06 |
November 8, 07 |
April 27, 36 |
195 km |
60.02% |
Dec-22 |
IPCA |
36.3 |
LUMITRANS |
February 18, 04 |
October 3, 07 |
February 18, 34 |
51 km |
55.02% |
Nov-22 |
IGP – M |
23.1 |
ETES |
April 20, 07 |
December 12, 08 |
April 20, 37 |
107 km |
100.00% |
Jan-24 |
IPCA |
21.5 |
EBTE |
October 16, 08 |
July 11, 11 |
October 16, 38 |
940 km |
25.51% |
— |
IPCA |
63.0 |
TME |
November 19, 09 |
November 22, 11 |
November 19, 39 |
348 km |
60.00% |
— |
IPCA |
67.7 |
ESDE |
November 19, 09 |
January 22, 14 |
November 19, 39 |
— |
50.02% |
— |
IPCA |
18.2 |
ETEM |
July 12, 10 |
December 16, 11 |
July 12, 40 |
235 km |
62.79% |
— |
IPCA |
18.8 |
ETVG |
December 23, 10 |
December 23, 12 |
December 23, 40 |
— |
100.00% |
— |
IPCA |
19.0 |
TNE |
January 25, 12 |
– |
January 25, 42 |
715 km |
51.00% |
— |
IPCA |
380.3* |
ETSE |
May 10, 12 |
December 01, 14 |
May 10, 42 |
— |
50.02% |
— |
IPCA |
34.5 |
ELTE |
September 05, 14 |
– |
September 05, 44 |
SE+40Km |
100% |
— |
IPCA |
84.1 |
ETAP |
September 02, 16 |
April 06, 19 |
September 02, 46 |
SE+20 km |
100% |
— |
IPCA |
70.7 |
ETC |
September 02, 16 |
September 23, 19 |
September 02, 46 |
— |
100% |
— |
IPCA |
41. |
TPE |
February 10, 17 |
October 25, 20 |
February 10, 47 |
541 km |
65.70% |
— |
IPCA |
299.2 |
TCC |
February 10, 17 |
March 19,21 |
February 10, 47 |
288 km |
65.70% |
— |
IPCA |
203.1 |
ESTE |
February 10, 17 |
February 09, 22 |
February 10, 17 |
236 km |
50.02% |
— |
IPCA |
140.5 |
TCE |
2016 |
– |
Lifetime |
235 km |
100% |
— |
PPI |
123.9** |
TSM |
August 08, 17 |
December 23, 21 |
August 08, 47 |
330 km |
65,70% |
– |
IPCA |
136.2 |
ETB |
September 29, 16 |
October 16, 20 |
September 29, 46 |
446 km |
51% |
– |
IPCA |
178.2 |
EDTE |
December 01, 16 |
January 20, 20 |
December 01, 46 |
170 km |
25% |
– |
IPCA |
86.9 |
AETE |
February 18, 04 |
August 19, 05 |
February 18, 34 |
193 km |
32.06% |
Aug-20 |
IGP-M |
41.1 |
TECP |
December 22, 23 |
Pré-Oper |
December 22, 53 |
1 SE |
51% |
– |
IPCA |
69.5 |
Blok 2 Auction Aneel 02/2023 |
Under Subscription |
Pré-Oper |
– |
551 km |
51% |
– |
IPCA |
239.5 |
TCN (PERU) |
November 29, 23 |
Pré-Oper |
30 Years After energization |
2 SE + 9 km |
100% |
– |
PPI |
23.7** |
TES (CHILE) |
Under Subscription |
Pré-Oper |
Perpetual |
3 SE + 15,9km |
100% |
– |
PPI |
25.2** |
TEL (COLÔMBIA) |
Under Subscription |
Pré-Oper |
Perpetual |
2 SE +100km |
100% |
– |
PPI |
25.2** |
Total |
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8,805 km |
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R$ 3,533.1 |
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*According to module list Attachment X |
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**USD 1/ 4,84 BRL |
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Generation Assets
Below we show the evolution of the Company’s intalled capacity (MW), demonstrating Alupar’s efficiency to identify and develop greenfield projects.
Generation Assets |
Contract Signing Date |
Concession Contract / Authorization Agreement |
End of Concession / Authorization |
% Alupar |
Begin Operations |
Installed Capacity – MW |
Assured Energy – MW |
HPP |
Foz do Rio Claro |
08/15/06 |
005/2006 |
12/20/46 |
100.00% |
08/05/10 |
68.4 |
37.1 |
HPP |
São José – Ijuí |
08/15/06 |
006/2006 |
02/18/46 |
88.66% |
03/29/11 |
51.0 |
28.9 |
SHPP |
Queluz |
04/07/04 |
139/2004 |
08/10/48 |
68.83% |
08/21/11 |
30.0 |
21.4 |
SHPP |
Lavrinhas |
07/04/04 |
138/2004 |
09/01/48 |
61.00% |
09/03/11 |
30.0 |
21.4 |
HPP |
Ferreira Gomes |
11/09/10 |
002/2010 |
06/16/47 |
99.99% |
11/04/14 |
252.0 |
145.5 |
WPP |
Energia dos Ventos |
07/16/12 |
007/2011 |
07/16/47 |
99.99% |
03/02/16 |
98.7 |
50.9 |
SHPP |
Morro Azul |
01/20/09 |
— |
Lifetime |
99.97% |
09/10/16 |
19.9 |
13.2 |
SHPP |
Verde 08 |
10/24/12 |
06/2013 |
11/09/44 |
85.0% |
05/31/18 |
30.0 |
18.7 |
SHPP |
La Virgen |
10/07/05 |
— |
Lifetime |
84.58% |
05/15/2021 |
93.8 |
59.2 |
WPP Agreste Potiguar |
AW Santa Régia |
01/21/2020 |
REA 8.520 |
01/21/2055 |
100.00% |
09/23 |
37.8 |
21.7 |
WPP Agreste Potiguar |
AW São João |
01/21/2020 |
REA 8.521 |
01/21/2055 |
100.00% |
07/23 |
25.2 |
14.1 |
PPP |
Pitombeira (Solar) |
11/24/2020 |
REA 9.471 |
11/24/2055 |
100.00% |
02/24 |
61.7 |
14.9 |
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Total |
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798.5 |
448.0 |