Brazilian energy tender: Winner disqualified

The Genesis consortium is disqualified from the Brazilian energy tender by Aneel due to qualification problems. Second-placed Rialma and ISA Cteep have been asked to take over the projects.

Share:

Brazil’s electricity industry regulator, Aneel, disqualified one of the winners of a Brazilian energy tender for transmission lines on Friday, claiming that the consortium was unable to prove the necessary qualifications to complete the project.

Genesis Consortium disqualified in Brazilian energy tender

The Genesis consortium, made up of Entec and Best Car Transporte de Cargas, had won two lots in the June tender for power transmission lines, including the second-largest development put up for auction that day. However, the regulator stated that the group was unable to prove its legal, technical and economic-financial qualifications, nor the fiscal health required to execute the projects.

According to the tender rules, the regulator will now contact the runners-up for both lots, namely ISA Cteep and Rialma Empreendimentos, to see if they are interested in taking over the projects.

Genesis ruled out of Brazil’s energy tender: Rialma and ISA Cteep approached by regulator

Among the reasons given for the disqualification, Aneel said that documents from Best Car, the consortium leader, classify it as a micro-business, although it claims to have annual sales of around 800 million to 1 billion reais ($206 million).

In addition, the regulator said that the consortium had hired another company to build the projects won at the auction, but failed to submit documentation guaranteeing the contractor’s ability to carry out the work and operate transmission assets of this scale.

At the time of the auction, Genesis CEO Denis Rildon gave no details of the group’s origins or backers,

saying only that the consortium, although unknown to the general public, had “very extensive” experience and knowledge of the electricity sector.

Rildon also stated that the resources needed to make the multi-billion dollar investments had already been secured. Genesis could not immediately be reached for comment.

Nearly USD92bn will be invested by major American and international groups in new data centres and energy infrastructure, responding to the surge in electricity demand linked to the rise of artificial intelligence.
Nouakchott has endured lengthy power interruptions for several weeks, highlighting the financial and technical limits of the Mauritanian Electricity Company as Mauritania aims to widen access and green its mix by 2030.
Between 2015 and 2024, four multilateral climate funds committed nearly eight bn USD to clean energy, attracting private capital through concessional terms while Africa and Asia absorbed more than half of the volume.
The Global Energy Policies Hub shows that strategic reserves, gas obligations, cybersecurity and critical-mineral policies are expanding rapidly, lifting oil coverage to 98 % of world imports.
According to a report by Ember, the Chinese government’s appliance trade-in campaign could double residential air-conditioner efficiency gains in 2025 and trim up to USD943mn from household electricity spending this year.
Washington is examining sectoral taxes on polysilicon and drones, two supply chains dominated by China, after triggering Section 232 to measure industrial dependency risks.
The 2025-2034 development plan presented by Terna includes strengthening Sicily’s grid, new interconnections, and major projects to support the region’s growing renewable energy capacity.
Terna and NPC Ukrenergo have concluded a three-year partnership in Rome aimed at strengthening the integration of the Ukrainian grid into the pan-European system, with an in-depth exchange of technological and regulatory expertise.
GE Vernova has secured a major contract to modernise the Kühmoos substation in Germany, enhancing grid reliability and integration capacity for power flows between Germany, France and Switzerland.
The National Energy System Operator forecasts electricity demand to rise to 785 TWh by 2050, underlining the need to modernise grids and integrate more clean energy to support the UK’s energy transition.
Terna has signed a guarantee agreement with SACE and the European Investment Bank to finance the Adriatic Link project, totalling approximately €1bn ($1.08bn) and validated as a major transaction under Italian regulations.
India unveils a series of reforms on oil and gas contracts, introducing a fiscal stability clause to enhance the sector’s attractiveness for foreign companies and boost its growth ambitions in upstream energy.
The European Commission is launching a special fund of EUR2.3bn ($2.5bn) to boost Ukraine’s reconstruction and attract private capital to the energy and infrastructure sectors.
Asia dominated global new renewable energy capacity in 2024 with 71% of installations, while Africa recorded limited growth of only 7.2%, according to the latest annual report from IRENA.
US President Donald Trump's One Big Beautiful Bill Act dramatically changes energy investment rules, imposing restrictions on renewables while favouring hydrocarbons, according to a recent report by consultancy firm Wood Mackenzie.
On July 8, 2025, the Senate validated the Gremillet bill, aimed at structuring France's energy transition with clear objectives for nuclear power, renewable energies, and energy renovation.
Brazil, Mexico, Argentina, Colombia, Chile, and Peru significantly increase renewable electricity production, reaching nearly 70% of the regional electricity mix, according to a recent Wood Mackenzie study on Latin America's energy sector.
The Canadian government announces an investment of more than $40mn to fund 13 energy projects led by Indigenous communities across the country, aiming to improve energy efficiency and increase local renewable energy use.
The German Ministry of Economy plans to significantly expand aid aimed at reducing industrial electricity costs, increasing eligible companies from 350 to 2,200, at an estimated cost of €4bn ($4.7bn).
A major electricity blackout paralyzed large parts of the Czech Republic, interrupting transport and essential networks, raising immediate economic concerns, and highlighting the vulnerability of energy infrastructures to unforeseen technical incidents.