As a supplier of insulation for transmission lines and substations, China's Shemar is confident of its growth potential in Brazil's power transmission market.

The company, which is privately owned, is investing US$ 80 million to operate and maintain the project it won in an auction promoted by Aneel in 2021. The lot includes the construction and operation, for 30 years, of two transmission lines and three substations in Cachoeiras de Macacu, Itaboraí, Tanguá and São Gonçalo in the state of Rio de Janeiro.

In an interview with BNamercias, José Tamayo, the company's CEO for Spain, Portugal and Latin America said, "We expect to achieve market shares of 60 to 70 per cent over the next few years in the area of insulators for substations and transmission lines." 

(Source: BNamericas)