May 17, 2021

Galán expects the new government to “respect the stable framework” of power companies


Ribeira da pena (portugal)

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The president of Iberdrola, Ignacio GalánHe has supported the treatment of energy policies in Portugal before the Prime Minister of that country, Antonio Costa, during his joint visit to the Támega hydroelectric complex, where the company is building one of the largest energy storage in Europe. Taking advantage of this meeting, Galán recalled yesterday before the Portuguese Prime Minister that «undertaking infrastructure like this is only possible with a clear approach, a stable framework, legal certainty and permanent dialogue to find solutions to the inevitable incidents that may arise throughout its construction and operation “to” avoid incidents that may arise “over time.

He referred indirectly to the Spanish Executive, in his desire to fully develop the National Energy and Climate Plan as approved since last year. “In my 20 years in the company, I have now been fortunate to have an energy plan like this with a long-term vision,” he explained to show the good tuning of the company with the vice president and minister of Ecological Transition and Demographic Challenge, Teresa Ribera.

But that plan was the result of the previous Executive, before the elections last November. Given the possibility that the Government, now a coalition between PSOE and United We can, can incorporate some substantial change with respect to what has been presented, Galán only hopes Regulatory “stability” and that what is agreed is fulfilled. “When you have a certain framework is to be fulfilled,” he said. «I have no doubt that it will be done stably», has indicated.

In his encounter with Costa in the northern part of the neighboring country, in the heart of the Támega Valley, Ignacio Galán wanted «Recognize Portugal» the commitment to this plant from which two thirds have been built and will be fully operational by 2023. The executive recalled that the need to develop energy transition plans they were captured both at the last COP 25 summit in Madrid, and at the recent Davos Forum in Switzerland.

“We already started at the Kyoto Summit when we planned that energy storage sources were necessary for when the wind does not blow or it is not sunny,” he explained in his defense of hydroelectric plants such as the Támega, which allows pump water from one reservoir to another to reuse it and produce electricity. In Spain, one of the similar examples is that of the La Muela (Valencia) plant, although no other similar construction based on water, beyond wind and photovoltaic, is planned for cover the closure of coal plants, imminent, and those of the nuclear ones that will be closed in the next 15 years. There is also no official planning but the corporation works on possible actions of this type in enclaves where already has hydroelectric concessions, such as the Duero or the Tagus, to build auxiliary reservoirs that allow water pumping in two ways.

The infrastructure of the Támega includes the construction of three reservoirs in the tributary of the Duero, with an investment of 1,500 million and whose works are materialized in two thirds. Its implementation is planned in 2023.

More renewable in Portugal

Galán has also announced that Iberdrola’s renewable developments in Portugal will be added to the Portuguese project of Támega: the company has been awarded solar capacity to more than double its operational renewable power in the country and already promotes new wind capacity projects in the Támega region, which involve an investment of 200 million euros. Thus, it will provide clean energy to 800,000 Portuguese customers. “We will continue to promote the energy transition in this country, and with it the creation of wealth and employment,” Galán said.

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