Overview
- Iberdrola announced a roughly €4.5 billion investment in the state of Bahia to modernize distribution infrastructure, with the work to be carried out by its Brazilian unit Neoenergia Coelba.
- The Bahia package calls for 54 new substations, more than 2,000 kilometres of high‑voltage lines and about 42,000 kilometres of medium‑voltage networks to strengthen reliability and expand supply.
- Company leaders presented the plan as the first phase of a €9 billion national electrification program and said the May renewal of 30‑year distribution concessions enabled the new spending cycle by improving regulatory predictability.
- The announcement drew high‑level political visibility, with Brazil’s vice president, energy and agriculture ministers and state officials attending the Bahia Farm Show where the plan was unveiled.
- Iberdrola said the works will spur local job creation, equipment purchases and training, while the group noted it has invested about €20 billion in Brazil since 1997; specific construction timetables and financing details were not disclosed.