China Power International may become shareholder of EDP – Energias de Portugal

8 November 2010

Lisbon, Portugal, 8 Nov – Chinese electricity company, China Power International (CPI) plans to take a stake in Portuguese power company EDP – Energias de Portugal of up to 20 percent, the chief executive of EDP, António Mexia said in Lisbon Sunday.

The two companies Sunday signed a protocol that outlined, “the potential entry, as a benchmark stakeholder, in EDP’s capital,” which, if it takes place, will be carried out “through the market,” the EDP CEO noted.

“It is a job that we now have to do, but which is part of what has been our policy over the last few years of finding partners (…) which means that there is a nucleus that makes it possible to provide strength and greater capacity to EDP’s globalisation project,” Mexia said.

The chief executive added that “this seems very important because of the shared vision of the company, the weight of renewable energies, energy efficiency and the view of the markets.”

The protocol signed between CPI and EDP also outlines establishing a cooperation partnership in relation to Macau power company Companhia de Electricidade de Macau (CEM). (macauhub)