SAO PAULO, April 5 (Reuters) - Brazilian energy company

Equatorial Energia has agreed to sell its portfolio

of power transmission assets to a firm owned by Canada's Caisse

de depot et placement du Quebec (CDPQ), it said in a securities

filing late on Friday.

Equatorial said the deal to sell its Equatorial Transmissao

subsidiary to CDPQ's Verene Energia had an enterprise value of

up to 9.4 billion reais ($1.61 billion), with an equity value of

up to 5.19 billion reais.

The Brazilian firm said the move concludes a profitable

cycle of capital allocation in the power transmission segment

and allows it to advance in new strategic directions.

"The proceeds from this transaction may be used to

accelerate the deleveraging process as well as to pursue organic

and inorganic growth opportunities, and to make possible

distributions to shareholders," Equatorial said.

($1 = 5.8443 reais)