Colombia's GEB and Canada's CDPQ Negotiate Brazil Power Grid Merger

Colombia's Grupo Energía Bogotá (GEB) and Canada's CDPQ are negotiating a merger of their Brazilian transmission assets to form a major power grid operator. The deal would consolidate over 9,000 kilometers of transmission lines, positioning the merged entity among Brazil’s top five operators. CDPQ has invested $10 billion in Brazil, focusing on infrastructure amid growing renewable energy demands. The merger requires regulatory approval and agreement on financial terms.

Published Mar 28, 2026

Grupo Energía Bogotá (GEB) and Canada's pension fund CDPQ are negotiating the merger of their Brazilian transmission assets, forming one of Brazil's largest power grid operators. GEB will merge its holdings into Verene Energia, created by CDPQ in 2022.

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The combined entity will manage over 9,000 kilometers of transmission lines, enhancing its market position. GEB operates across Latin America and entered Brazil in 2015. The merger requires regulatory approval from Brazil's CADE and ANEEL. This deal is seen as a significant foreign investment in Brazil's infrastructure amid rising energy transition needs.