EDP ​​Brazil increases annual profit by 70% – News Greater Lisbon

At the press conference, the manager read a communication European Parliament, concluding that Portugal “is not the solution or the solution b”, with the overload power producers. The alternative admitted at European level would finance the protection of the most vulnerable consumers, would distribute the costs for the remaining consumers of electricity. In the accounts of the block and PS, this support could reach 50 million euros with the automatic assignment of discounts to one million holders of electricity contracts. Just this week, the president of Endesa Portugal, Nuno Ribeiro da Silva, acknowledged that the enlargement of the social tariff of energy will “be reflected in the price or quality of service” and considers that the measure is an “absurd” that will drive to giving “automatically under a number of people who really have needs.”

the manager criticized the maintenance of the contribution of the energy sector (EESC), which cost 62 million to the power in 2015, whereas “ if the exceptional measures come together also come together .”

the company also estimates that profits in 2016 will be of 900 million euros “or slightly above” and EBITDA also be “slightly above the 3.6 billion”, ie, below last year the electric reached profit of 913 million euros and 3.9 billion EBITDA. “It makes no sense to have a tax on investment.”

Speaking to journalists, António Mexia noted that this rate of 0.85% on assets “was to be temporary” and therefore ” can not become definitive, “noting that it is the opinion” the largest investor in Portugal “.

Mexia stressed the appearance of” a set of rules that were not there when investment decisions were made ” and added, “penalizes investment in Portugal.”

EDP Energias do Brazil, a company of EDP group, ended the fourth quarter of 2015 with net income of R $ 383.055 million, 20.7 % higher than recorded in the same period 2014.

the net result was depressed by the financial results and the EBITDA decrease (EBITDA) in Portugal.

EDP Brazil Energias also reached an agreement with the federal government to receive a partial compensation for revenue loss of its hydroelectric the drought in 2015, representing an impact of 40.8 million reais in the fourth quarter Ebitda.

EBITDA EDP Renováveis ​​increased by 26% and EDP Brazil increased by 38%.

the drop in investment in 2016 is explained largely by the completion of investments in dams in Portugal, already the program to apply 2 billion euros in hydro capacity is almost finished.