Macau: Portugal’s EDP focuses on renewing electricity concession in Macau

6 April 2009

Macau, China, 6 April – Portuguese electricity company EDP-Energias de Portugal is focused on the renewal of the concession of Macau electricity company Companhia de Electricidade de Macau (CEM) and plans for the company to increase its production capacity, the company’s representative in the territory said Friday in Macau.

Elected at the end of March as Chairman of the Board of CEM, João Marques da Cruz is EDP’s representative in the Macau electricity company as well as being the chief executive of EDP Energy Solutions Ásia, a company recently set up in partnership with Stanley Ho and focused on the Chinese market.

Marques da Cruz told Portuguese news agency Lusa that EDP planned to “continue as an important shareholder,” in CEM, which has a concession contract for production and distributions valid until 30 November, 2010.

Asked to comment on how to reconcile a rise in production with the government’s decision not to authorise further power plants, Marques da Cruz said only that the company was in “permanent dialogue with the Government.”

EDP is part of the Portuguese-Chinese consortium that owns 42 percent of CEM and which it shares management of the company with a Chinese-French consortium that includes Suez and NWS Holdings. (macauhub)