en.Wedoany.com Reported - Portuguese energy group EDP signed a contract on June 8 at the Palácio do Planalto in Brasília to renew its power distribution concession in São Paulo, extending the validity until 2058. This means the company's operations in 28 municipalities in the state of São Paulo will continue for another 30 years, covering regions including Alto Tietê, Paraíba Valley, and the North Coast. The renewal of this power distribution concession follows guidelines set by the Ministry of Mines and Energy and the Brazilian National Electric Energy Agency, imposing stricter requirements on service quality and continuity.

By completing the power distribution concession renewal process two years ahead of schedule, EDP has secured regulatory stability for its business expansion. The company announced an investment of 5 billion Brazilian reais between 2025 and 2030, a 30% increase compared to the previous cycle.

EDP São Paulo's concession area currently serves 2.2 million electricity consumers.

The new funding will prioritize the modernization of energy infrastructure to address the challenges of increasingly frequent extreme weather events, with plans including large-scale automation of the system and grid reinforcement. This power distribution concession renewal ensures the company's operational qualification in the state of São Paulo for the next three decades.

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