Axia Energia (AXIA3) reported this Tuesday, October 27, 2026, that it has entered into a mandate letter (Mandate-Letter) with IDB Invest, an institution of the Inter-American Development Bank (IDB) Group focused on the private sector. The mandate provides for the structuring of potential financing of up to R$ 680 million for the development and implementation, within the scope of the transmission concession, of Lot 7, formed by sub-lots 7A and 7B and awarded in ANEEL Transmission Auction No. 004/2025.
The project includes the installation of three 500 kV synchronous condensers in Rio Grande do Norte, two at the Açu III Substation and one at the João Câmara III Substation. According to the company, the signing of the mandate letter marks the beginning of assessments and negotiations with IDB Invest, and the eventual granting of the financing remains subject to the satisfactory completion of the analysis, the negotiation of documentation, and applicable internal approvals, and does not constitute a firm credit commitment at this time.
