The Energy State Department gave the green light to the Distribution EDP plan that foresees an investment of 517 million euros by 2019, according to the Economic Daily.
The Government gave approval to the development plan and investment in energy infrastructure Distribution EDP, thus enabling an estimated investment of 517 million euros between 2015 and 2019. The news is released this Monday by the Economic Journal, which points out that this is the only project so far made possible.
The project Distribution EDP was, according to the newspaper reports, the only one among a long list of initiatives , which had been made possible by the ERSE (Regulatory Authority for Energy Services), which is responsible for issuing a preliminary opinion to the Secretary of State for Energy.
The investment plan, now green light from the Government, provides the construction of 21 new substations and approximately 1,200 kilometers of high and medium voltage lines, along with solutions for the project of InovGrid smart grids.
The EDP Distribution, led by John Torres, is the concessionaire of low voltage networks of 278 municipalities and invested in the last decade about 3.7 billion euros in the grid.
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