BR: ES Gás concession contract is approved

The executive board of BR Distribuidora approved the contract for the concession of natural gas to be signed by the Companhia de Gás do Espírito Santo (ES Gás) and the State of Espírito Santo, the company said on Wednesday (22). 

ES Gás is a mixed economy company, with control of the State of Espírito Santo and br's participation, with approximately 60% of its total share capital. According to the document, the company will be responsible for the distribution of gas in the state for the next 25 years, assuming the services from August 1, 2020. 

"The signing of the concession contract is the result of an agreement established between the company and the State to consider discussions related to the distribution of natural gas, considering that BR has been the state concessionaire since 1993," the statement said.

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