Friday, February 10, 2017

Iberdrola wants 15% of the domestic market by 2020 – Money Live

Iberdrola, a leader in Portugal in the segment of industrial customers, is looking to grow in the residential market. The Spanish company has a total quota of 17%, but the commercial director of the electrical in Portugal recognizes that, in the domestic segment, everything is still to do. Or better, Iberdrola already has 100 thousand customers of electricity and gas, a share that is still "very low". The goal, says Carla Costa, is to reach 2020 with 15% of the market share in the residential market. "At a minimum", he underlined.

Carla Costa spoke to the Money Live on the margins of the official presentation of the System Eletroprodutor of the Tâmega, which yesterday took place in Ribeira de Pena, district of Vila Real. This is a project that includes the construction, at the same time, three dams – Daivões, Alto Tâmega and Gouvães, this last with pumping system -an investment of € 1.5 billion and will be completed in 2023. Up there will generate to 13,500 direct and indirect jobs in the region. "The System Eletroprodutor Tamega is the largest in the sector hydropower Portuguese in the last 25 years, representing more than 50% of the goal of the National Programme of Dams of High Hydroelectric Potential", stressed the responsible business of the company.

When completed, the complex will have an installed power of 1.158 mw and an annual production to 1,760 gigawatts per hour, or 6% of the electric consumption of the country, which "proves the commitment of Iberdrola with Portugal," he pointed out, in his turn, the director general of the Business Liberalised International.
Aitor Ce stressed the "fundamental role" of these dams in the fight against climate change. The system will prevent the import of more than 160 thousand tons of oil per year and the emission of more than 1.2 million tons of CO2 annually, ensures Iberdrola.

on the other hand, the use of the pumping hydroelectric power plant in the central Gouvães allows you to store the energy by pumping water from the reservoir to the bottom of Daivões to the upper reservoir of Gouvães. Whenever the needs demand, this stored water will be used to produce electricity to be turbo-charged to the reservoir of Daivões. "The use of the pumping hydro power presents itself as the most efficient method for storing energy on a large scale, reinforcing the commitment of Iberdrola with the increment of renewable energy is essential for reduction of emissions and for the development of a model for sustainable energy", underlines the power.

the secretary of State for Environment, highlighted the contribution of this investment to the fulfillment of the commitments undertaken in Paris in the reduction of dependence on fossil fuels is concerned. Carlos Martins has promised that the Government and the authorities of the environment will be "very attentive to the compliance of the measures recommended by the Environmental Impact Statement" and declined to comment on the challenge that the project deserves on the part of environmentalists and civic movements local. "Now is not the moment to undermine your progress," he considered, remembering that the development will already in the middle.

The largest volume of the work will focus between 2018 and 2020. For example, to have already been still made only 10% of the excavation works, which terãod and be fully completed by the end of the year. Of the 70 Portuguese companies involved in the construction – MSF, Mota-Engil, or Edivisa, for example – 15 are local. Iberdrola has allocated, you have 50 million euros to projects of social and cultural activities in the six counties involved.

With 30 million customers around the world and installed in 40 countries, with 33 thousand workers, the Iberdrola is one of the five largest energy companies in the world and the world leader in wind energy. Account with over 14,700 megawatts installed from renewable energy. In Portugal, Iberdrola amounted, at the end of 2016, more than 180 thousand contracts and seven terawatt/hours of energy.


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