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Taesa to Buy Rialma Transmissora

Power News - Published on Fri, 23 Aug 2019

Image Source: MOney Times
Brazil utilities company Transmissora Alianca de Energia Eletrica SA said that it has agreed to buy 100% of domestic energy transmission firm Rialma Transmissora de Energia 1 for USD 13.99 million. In a securities filing, Taesa, as the firm is known, added that Rialma is interconnected to one of its substations allowing operational advantages and consequently contributing to the company's growth plan and its consolidation in the Brazilian transmission sector.

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Posted By : Ratan Singh on Fri, 23 Aug 2019
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