Good morning, ladies and gentlemen. Welcome to the conference call of Energisa concerning the transmission auction held on June 28, 2018. We inform that all the participants will be in the listen mode only during the presentation of the company, and next we will begin the Q&A session when more instructions will be supplied. If you need any assistance during the conference, please request the help of an operator dialing asterisk zero. We also inform that this conference call will be in Portuguese by the management of the company and in English through simultaneous translation. Before proceeding, we would like to clarify that any declarations that may be made during this conference call concerning the business perspectives of the company, future projections, and operational goals are based on assumptions of the board and also information currently available to the company.
Such statements speak only as of the date they are made. They involve risks, uncertainties, thus they relate to future events, therefore may or may not occur. Investors should understand that general economic conditions, industry conditions, and other operational factors may affect the results Of the company of the future and may lead to results that will differ materially from those expressed in these considerations about the future. I'd like to turn the conference over to Mr. Maurício Botelho, who will begin the presentation. Mr. Maurício, you may proceed.
Thank you, operator. Good morning. I'd like to thank you all for participating in this conference call where we will talk about the transmission auction that happened yesterday on June 28th.
I have with me Ricardo Botelho, Chairman of Energisa Group, Cláudio Brandão, CFO, Geraldo Mota, Vice President for Generation and Transmission, Gabriel Mussi, Director of Transmission, and [Bruna Alvarenga] , Analyst for investor relations. I will show a few slides, and then we will begin the Q&A session. Please, now going to slide number three. When we analyzed the lots available in the auction, we tried to study those that would bring operational synergies with our distribution companies, the lots that we won in 2017, and the lots that possibly will be auctioned in future auctions. Also, we analyzed lots that would bring an adequate profitability with the company's strategy to grow. The lots that we analyzed were lots number 2, 3, 4, 7, 11, 12, 13, 15, 16, and 19, and we won lot number 19. I would say that we are very competitive.
We negotiated well with our vendors in all the lots on which we bid, reaching, thus winning lot 19 with a return rate adequate and similar to the previous auction. Here we have the lot won by Energisa, lot number 19. The investment estimated by ANEEL is BRL 479 million and foresees the building a transmission line partially in double and single circuits, and maximum delivery established by ANEEL is March 2023. Now let's go on to slide number four. On slide number 19, we will have to build 139 km of lines. Now I will talk about some assumptions that we used in order to guarantee an adequate profitability, as mentioned before, equivalent to the previous auction. First comment, this lot is a continuation of the lot number 26 that we won last year.
The schedule is very appropriate because it allows us to reduce the mobilization time to build and obtain operational synergies that are relevant for us. Additionally, we would like to stress the experience that we already have with lot number 26 concerning items as environments, also landowners, allowed us to make a good evaluation concerning the execution of the project. Also, it is important to mention that in relation to lot number 26, we are already anticipating a schedule that we had planned previously. Knowledge of local conditions by our team and also EPCs reduces the uncertainties with our knowledge, optimizing the time that it will take and the cost for construction.
In terms of assumptions for CapEx, we have a reduction around 25%. It is important to mention that contracts signed with the same vendor of lot number 26 will make so, and we have the same contractual condition and guarantees. Concerning the delivery, we are considering an optimization in relation to ANEEL's schedule with a safety margin. In our modeling, we are working to anticipate by 12 months the construction. Also, I would like to say that the contract foresees a bonus if we deliver before the scheduled dates and a total indemnity in the case of delays. So a perfect alignment of interest between EPCs and Energisa.
Now, in terms of tax benefits, the CapEx, we are foreseeing a benefit from R EIDI, REIDI, and also the possibility of being included in a SUDAM project since we are at the north of the country. For this project, we are using presumed profit that is more advantageous for our company. Now, concerning financing of the project, we will evaluate the issuing of debentures for infrastructure and also access to banks that finance infrastructure. These are alternatives that have already been used by Energisa.
Additionally, I would say that we have a consolidated leverage. We're estimating that leverage will be below 3 times net debt EBITDA during the construction period of this undertaking for transmission. Please, I'd like to invite you to go to slide number five. On this slide, we see Energisa's position in the segment of transmission after the auction we had yesterday. We have 3 assets that represent an estimated CapEx by ANEEL, the regulating agency, of BRL 1.1 billion. We will have 3,444 MVA of transformation capacity and 571 kilometers of transition lines with 500 and 230 kV in double circuit. Concerning the existing projects, the sharing contracts for infrastructure, the CCIs, with the transmission, we are okay, and the developments of the executive project is evolving very well.
Concerning environmental licenses, we are talking to the competent agencies and analyzing the studies, and all of this has already been done in the state where this lot is present. In terms of the land, the negotiations with the owners affected by the transmission line are in progress, and the cases with demands of declaration of public usefulness are all in progress. Everything is going according to plan. We'd like to go on to slide number six, and we'd like to highlight the expertise of Energisa Soluções, a subsidiary of the Energisa Group, which is responsible for engineering and O&M contracts. Energisa Soluções, it is responsible for building and managing the transmission projects of the Energisa distribution companies. It works in various fronts in order to expand even more our business. In some highlights, in 2017, the billing of Energisa Soluções was BRL 212 million, 5% above 2016.
We'd like to highlight that between 2013 and 2017, the billing of Energisa Soluções grew 135%. This subsidiary works in 15 Brazilian states, and it also works for other large companies. In the last few years, it delivered 1,000 kilometers of transmission lines of up to 230 kV and 60 substations. I would like to conclude. We'd like to begin the Q&A session. Please, operator, we'd like to begin the Q&A session.
Thank you. We'd like to begin the Q&A session. If you have any questions, please dial *1. If your question was answered, sir, please leave the queue using the pound key. The questions will be answered as we receive them. Please remove the handsets when asking a question. Thus, we will have an excellent quality of sound. Please wait while we pull the questions.
Mr. Marcelo Brito would like to ask a question.
Hello, Maurício, Ricardo. Good morning. My question has to do with the necessary for construction. There were 2 lots, the ones that you won and this one. Is there any construction project that must be done by the local distribution company?
Just a second. Marcelo. Ricardo Botelho. In this case, there is no need that will stop the construction or delay the revenue from this transmission due to works to be done by the distribution company. In the previous auction where we connected in Santana do Araguaia, this one has a connection with 2 of our companies, Energisa Tocantins and Mato Grosso, lot number 26. They are all in progress under our control and advanced. There is no interface with the distribution company.
Thank you, Ricardo.
Our next question comes from Mr. [Marcelo Saad].
Thank you for the call. I have two questions. One concerning the financing. I know that you will use Lucro Presumido as your accounting regime, and you have a debt in the subsidiary. Is there any way for you to issue a debt through a vehicle for capital? Is there any vehicle that you could include this debt without the distribution, and thus get tax benefits?
In fact, Marcelo, there are alternative ways. By issuing debentures through the holding company, thus using this accounting regime in the subsidiary too, we can consider this alternative.
A question. Does the holding have revenue that can be taxed? I understood that these vehicles that you would not be able to issue through the distribution company. How would you have this benefit for the holding? Is there any revenue where you are paying tax? Sorry.
The holding renders service to the CSE for the subsidiaries, we have this taxable revenue.
Okay. Thank you. It's more clear now. Another question. When you say that you're considering benefits in CapEx, is this included in the calculation for 25% reduction in CapEx?
Yes, it's already included in the calculation.
Thank you.
Reminding you, to ask questions, please dial asterisk one. Once again, to ask questions, please dial asterisk one. Thank you. Now I'd like to pass the floor to Mr. Maurício for his concluding comments. Sir, you may proceed with your final comments.
Making some final comments, we understand that the favorable results of this auction strengthens the positioning of our Energisa Group in the transmission segment, and we'd like to say, once again, that we have this strategy to have a good capital allocation.
We also believe that the success shown in this turnaround of distribution companies also linked to our experience in the construction of projects in the electrical sector, gives us the credibility to execute and operate these undertakings for transmission. I'd like to conclude. Thank you very much for the trust of our analysts and shareholders, we wish you a good afternoon. Thank you.
Thank you. Energisa's conference call is thus concluded. Please disconnect the lines.