Neoenergia has obtained early renewal of distribution concession contracts for Coelba (BA), Cosern (RN), and Elektro (SP/MS) from Brazil's Ministry of Mines and Energy. The 30-year extensions come with a R$50 billion investment plan for 2026-2030, an 82% increase over the previous cycle, covering infrastructure expansion, network modernisation, and loss reduction.
Neoenergia has received early renewal of concession contracts for three distributors - Neoenergia Coelba (Bahia), Neoenergia Cosern (Rio Grande do Norte), and Neoenergia Elektro (São Paulo and Mato Grosso do Sul) - formalised by the Ministry of Mines and Energy, according to an official announcement. The 30-year extension follows Neoenergia Pernambuco's renewal in October 2025, making the group the first to obtain early renewal of an energy distribution concession in Brazil. The new contracts come with investments of R$50 billion between 2026 and 2030, an 82% increase on the previous cycle (2021-2025) when R$27.5 billion was invested.
Neoenergia is an energy distribution company serving more than 17 million customers across Brazil. Of the total investment, 46% will go toward expanding electricity infrastructure, 40% toward modernising, digitising, and improving network quality and resilience, and 14% toward combating energy losses and supporting operational infrastructure. In 2025, the company made record investments of R$10.1 billion, mostly in distribution.
This development matters for Brazil's electricity sector, where early renewal provides predictability and legal certainty for long-term investment. Strategic projects include R$7 billion for Bahia's coast with 18 new substations, R$2 billion for western Bahia's agribusiness hub with 10 new substations, and R$200 million for Ilhabela's underground and underwater transmission line.
For the energy infrastructure industry, Neoenergia was the company that invested the most in Brazil's infrastructure sector among private companies over the last four years, according to Abdib. Stakeholders including customers, agribusiness, and tourism regions stand to benefit from expanded capacity and improved reliability.
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