Energias de Portugal
| Energias de Portugal SA
|
|
|---|---|
 |
|
| legal form | SA |
| ISIN | PTEDP0AM0009 |
| founding | 1976 |
| Seat | Portugal |
| management | António Mexia (CEO) |
| Number of employees | 12,084 (2015) |
| sales | EUR 15.5 billion (2015) |
| Branch | power supply |
| Website | www.edp.pt |
The Energias de Portugal, SA (EDP) is a Portuguese corporation with headquarters in Lisbon and one of the largest energy providers in Europe. In addition to Portugal, EDP is also present in Spain , France , Belgium , Poland , Romania , the USA and Brazil . Energias de Portugal has a 77.5 percent stake in EDP Renováveis , which is active in the renewable energy sector. With a market value of € 2.3 billion, EDP is the most valuable Portuguese company (2015).
history
In 1891 the first company received a concession from the Lisbon city council to supply the city with gas and electricity, which enabled the first electrical installations and connections for the houses of wealthy people. From 1900, the city administrations were responsible for awarding contracts and concessions to local energy companies. The state government took over the award of power plant concessions.
As a result of the new rules for nationwide electrification issued in the 1940s, the Companhia Nacional de Electricidade was created , a first forerunner of today's EDP, which began with the nationwide networking of energy systems. After 1950 the construction of larger power plants followed. In 1960 the national transmission networks were also integrated into the company.
Electricidade de Portugal, 1976
After the end of the Portuguese dictatorship with the Carnation Revolution in 1974, the Marxist government renationalized the country's energy generation and transmission networks. In 1976, the merger of the energy systems in the newly founded Electricidade de Portugal with the aim of strengthening the general supply and use of energy in Portugal and setting a national tariff.
The political and economic turmoil in Portugal in the 1980s combined with a sharp rise in energy demand created major problems for the young EDP. Investments in the country's energy sector more than tripled between 1976 and 1980 as the state tried to satisfy the rapidly growing energy demand.
As one of the few internationally recognized state-owned companies in Portugal, EDP managed to get support from the World Bank and other investors for new energy projects. As early as 1981, EDP owned and operated around 41 hydropower plants in Portugal in order to produce energy independently of imports. Despite this good external perception, the government cut back financial support during the politically difficult period, causing the EDP's indebtedness to reach alarming heights. In the late 1980s and early 1990s, the deficits grew dramatically, so that the government passed fundamental reforms to restructure the energy sector.
The drastic reorganization and restructuring was completed in September 1994. EDP got a holding structure with Companhia Portuguesa de Producao de Energia (CPPE) as the production subsidiary and Rede Electrica Nacional (REN) for sales and the supply networks. In 1997 Electricidade de Portugal was partially privatized. With the privatization of EDP, the number of employees was reduced from around 15,000 to around 8,000.
Energias de Portugal, 2004
In October 2004, the former Electricidade de Portugal was renamed Energias de Portugal (EDP) . This name change was carried out in preparation for the planned takeover of the Portuguese gas supplier Gas de Portugal (GDP), which, however, was prohibited by the regulatory authorities.
EDP first appeared as an energy supplier in Brazil in 1996. Since 2004, EDP has also held the majority stake in the Basque Hidrocantábrico Group, the third largest Spanish electricity company.
In May 2006, EDP opened an electricity museum in the former Central Tejo power station in the Lisbon suburb of Belém through the Fundação EDP . The museum was expanded in 2016 with an adjacent new building designed by British architect Amanda Levete to become the Museu de Arte, Arquitetura e Tecnologia .
In spring 2007, EDP took over the utility Horizon Wind Energy from the investment bank Goldman Sachs .
Privatization 2011
In the course of the sovereign debt crisis in the euro area , the Portuguese government sold its stake in EDP to a remaining stake of four percent as part of the planned restructuring of its own national budget; At the end of 2011, China Three Gorges Corporation (CTG) took over 21.35% of the shares for 2.69 billion euros, even though Chancellor Angela Merkel had intervened with the then Prime Minister Pedro Passos Coelho for a sale to E.ON.
Ownership structures
In December 2011, the Portuguese state sold a 21 percent stake in China Three Gorges Corporation .
The EDP share has a weighting of 12.15% on the Portuguese Stock Index 20 (PSI 20), EDP Renováveis is also represented in the PSI 20 with 9.21% (as of March 2018). The EDP is also listed in the DJSI-World .
| Shareholders | proportion of | % Vote | |
|---|---|---|---|
| Free float | 1,639,999,193 | 42.02% | - |
| China Three Gorges Corporation | 780.633.782 | 21.35% | |
| Oppidum | 183.257.513 | 7.19% | |
| José de Mello | 169.732.151 | 4.60% | |
| Capital Group Companies | 248,437,516 | 4.07% | |
| Senfora | 148.431.999 | 4.06% | |
| Qatar Holding | 89.708.375 | 2.27% | |
| Sonatrach | 87.007.443 | 2.38% | |
| Norges Bank LLC | 82,868,933 | 2.23% | |
| BlackRock | 32.476.701 | 2.00% | |
| own shares | 1,639,999,193 | 0.75% | - |
Web links
- EDP company website (English / Portuguese)
- Company profile at Wallstreet-online.de
- Fundação EDP (Portuguese)
Individual evidence
- ^ EDP-Energias de Portugal, profile. Wallstreet-Online.de, accessed on April 29, 2017.
- ^ EDP-Energias de Portugal, balance sheet. Wallstreet-Online.de, accessed on April 29, 2017.
- ↑ EDP Renovaveis, Profile. Wallstreet-Online.de, accessed on July 4, 2017.
- ↑ As 20 Marcas Portuguesas Mais Valiosas. Economias.pt, accessed March 16, 2015 (Portuguese).
- ↑ a b EU Commission prohibits large-scale merger in Portugal. Udo Leuschner - Energy Chronicle, December 2004, accessed on April 29, 2017.
- ^ Electricity Museum ( Memento from March 31, 2017 in the Internet Archive ). EDP company website, accessed on April 29, 2017 (English).
- ↑ MAAT website (English, Portuguese).
- ↑ Lisbon has a new art museum. Deutschlandfunk , October 4, 2016.
- ↑ EDP takes over Horizon Energie. Finanz.net, accessed March 15, 2015
- ↑ a b Financial Times Germany , December 22, 2011: Fight for suppliers in Portugal - Chinese snatch Eon's participation away ( Memento from January 12, 2012 in the Internet Archive ).
- ↑ Bernd Schröder: Outpost on the edge of the Silk Road. Telepolis , October 31, 2016.
- ↑ PSI 20: Factsheet (PDF), as of March 29, 2018 ( Memento of April 14, 2018 in the Internet Archive ). Euronext.com (English).
Coordinates: 38 ° 43 '33.2 " N , 9 ° 8' 57.1" W.