EDP ​​wants to capture this year over EUR 500 million … – Express

EDP plan to arrive later this year to about 1.8 billion euros of investment from China Three Gorges (CTG) in assets, more than 500 million euros than the amount that CTG, so far, has already agreed to invest in EDP projects.

In a press conference after the general meeting of shareholders on Tuesday, the chief executive of EDP, Antonio Mexia, revealed that “the goal is by the end of the year to give visibility to 1.7000000 to 1,800,000,000 euros from 2 billion provided [investment of CTG in EDP]. ”

Mexia noted that in the strategic partnership between EDP and CTG in December 2011 “there is no reason” to change the set targets. “The goals we do better and grow more together than apart remain,” said the officer, who in this general meeting was reappointed for a term of three years, until 2017.

The purpose of entry into a fourth consecutive term as chief executive officer (CEO) of EDP, Antonio Mexia said that the term of office of managers should depend on several factors and varies from case to case.

“clearly depends on the will of the shareholders and also by the individual, but as he is able to inject the necessary energy and to deliver results no limits. Some may be out of date to after six months and who becomes outdated after six years, “he noted.

extraordinary contribution: waiting for the state budget

With regard to the extraordinary contribution of the energy sector (EESC), the current government announced want to extend until 2018, although in smaller amounts, António Mexia avoided making great comments, stating that EDP will wait to see what that government will decide when to approve the state budget for 2016 .

“We have always considered that exceptional and temporary measures are just that: exceptional and temporary,” said the CEO of EDP, which has stated that if the Committee be prolonged beyond 2015 the group admitted should dispute in court.

“This decision [to decrease the amount of the EESC in 2016, 2017 and 2018, extinguishing it in 2019] is on the right path, because it recognizes that extraordinary measures must disappear. Now we would like faster, “said António Mexia, adding that any formal position of EDP on the subject will only be made” on any concrete thing, “so the group will wait for the next state budget.

BCP Fusion with BPI is to discuss without taboos

Mexia also did not want to stretch in comments on a possible merger between BCP (that EDP is a shareholder) and BPI, stressing that this hypothesis “should and must be examined by the BCP, but the BCP are not alone.”

“All ideas should be discussed without taboos so that we can draw conclusions,” said the EDP’s CEO at the press conference after the general meeting of the electric.

The meeting of shareholders of EDP, which lasted more than five hours, approved all the items on the work order, including the election of officers. The list of the General and Supervisory Board (SB), chaired by Eduardo Catroga, had 96.87% of votes in favor, the new chair of the general assembly, led by António Vitorino, collected the “yes” of 98.81% of shareholders participants and the new composition of the executive board of directors, which will continue to be chaired by António Mexia, had favorable vote of 99.63%.