The unit, known as Shanghai Electric Power Transmission and Distribution Engineering Co, will create a special purpose vehicle to oversee the projects directly with Brazil's Eletrosul Centrais Elétricas SA , according to a Monday securities filing. The cost of the project known as Lote A is estimated at 3.27 billion reais (768.69 million pounds), the filing by Eletrosul said.

Reuters reported on Jan. 5 that Eletrosul and Shanghai Electric were negotiating a number of transmission lines in the Lote A project.

(Reporting by Guillermo Parra-Bernal)