History

2023

April
New Jandaíra II Substation (Argo VI): the new 500kv Monte Verde - Jandaíra II and Jandaíra II João Câmara II transmission line sections and the new 500/34.5kv Jandaíra II substation, which is part of the Argo VI concession, were made available for commercial operation. The substation connects the wind farms located in the state of Rio Grande do Norte to the Basic Grid and will add 63Mw of wind generation to the National Interconnected System (SIN) and this new substation generates an increase in Annual Permitted Revenue (RAP).

May
Reinforcement Projects - 2nd Bar Reactor at Ourolândia II substation (Argo VII): the reinforcement relating to the 2nd Bar Reactor at Ourolândia II substation, which is part of the Argo VII concession (José Maria Macedo), was made available for commercial operation. The reactor bank is part of the structural solution indicated by the EPE to enable the full flow of contracted wind and solar power plants, as well as increasing the margin for connecting new generation projects to the transmission network in the southern area of the Northeast region of Brazil.

July
Completion of the FNESE Special Protection System (SEP) Project - Argo IX: On 29/07/2023 Argo concluded its participation in the adaptation of the SEP F-NE-SE, a special protection system that monitors the flow of power between the northeast and southeast regions and aims to guarantee the stability of the system. This adaptation guarantees maximum use of the transmission systems, enabling the flow of generation from the North region and the wind potential of the Northeast region.

2022

January
Acquisition of Rialma III: EPCista Riama purchased Lot 30 from the Aneel public sale 005/2016, and Argo and Rialma entered into the Shares Purchase and Sale Agreement in 2022, through which we acquired 100% of the capital of Rialma Transmissora de Energia III, former name of Argo IV.

February
TLD Argo II: Commencement of activities of 100% of the Argo II asset
TLD Argo III: Commencement of activities of 100% of the Argo II asset

August
Organization of Argeb: Argeb is a company listed on the Bolsa de Valores de São Paulo ("B3") (São Paulo Stock Exchange) in the "B" category, organized with 62.5% being held by Argo, and 37.5% being held by Gebbras - investment vehicle in Brazil controlled by Grupo Energia Bogotá ("GEB")

November
Acquisition of Odoyá, Esperanza, JMM, Sanguinetti, Veredas. Biggest M&A deal ever carried out in the transmission industry in Brazil

2021

July
COD Argo II

2020

January
TLD Argo I: Commencement of activities of 100% of the Argo I asset

March
Admission of new shareholders. Pátria Investimentos sells Argo to a company formed by Grupo de Energía Bogotá S.A. ("GEB"), and Red Electrica Brasil Holding Ltda. ("RED").

June
COD Argo III

2019

September
COD Argo I: Commencement of COD Argo I's activities anticipating the RAP receipt at around 21 months

2018

November
Acquisition of Guaporé (greenfield project) - EPCista Cobra acquired Lot 32 from the Aneel public sale 005/2016, and Argo and Cobra entered into the Shares Purchase and Sale Agreement in 2018, through which we acquired 100% of the capital of Guaporé, former name of Argo III

2016

March
Pátria Investimentos (leading manager in alternative investments and pioneer in Private Equity in Brazil) founded Argo

April
Acquisition of Argo I (greenfield project) - acquisition of Lot A from the Aneel public sale 013/2015 (1st stage) with 0% discount.

October
Acquisition of Argo II (greenfield project) - acquisition of Lot 18 from the Aneel public sale 013/2015 (2nd stage)