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EDP Energias de Portugal SA (EDPFY.PK)

EDPFY.PK on OTC Markets Group

35.45USD
24 May 2017
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Latest Key Developments (Source: Significant Developments)

EDP Brazil awarded 4 new electricity transmission concessions
Tuesday, 25 Apr 2017 02:37am EDT 

April 25 (Reuters) - EDP Energias de Portugal SA ::Said on Monday its unit EDP Brasil was awarded in an auction with four blocks of concessions for the building and operation of electricity transmission lines.Total investment amounts to 3 billion BRL ($959 million), of which 95 pct occur in the period 2019-21..The annual contracted gross profit for the four blocks is 474 million BRL ($151.5 million).The concessions are located in the Brazilian states of Maranhao (2 blocks), Sao Paulo/Minas Gerais and Santa Catarina/Rio Grande do Sul.  Full Article

EDP Q1 2017 total generation output down 9 pct yoy
Friday, 21 Apr 2017 02:17am EDT 

April 21 (Reuters) - EDP Energias de Portugal SA ::Said on Thursday installed capacity at 25.9 GW at end-March, up 5 percent year on year.Q1 total generation output down 9 pct year on year.Q1 electricity distributed in Portugal and Spain up 0.2 pct at 15,175 GWh year on year.Q1 gas distribution in Portugal and Spain up 14 pct at 10,924 GWh year on year.Q1 electricity distribution in Brazil up 0.2 pct at 6,268 GWh year on year.  Full Article

EDP sells Portugal gas distribution business to REN
Friday, 7 Apr 2017 01:36pm EDT 

Portugal's largest utility, EDP Energias de Portugal SA : Says agreed to sell 100 pct of EDP Gas to REN Redes Energeticas Nacionais for an enterprise value of 532 million euros ($563.60 million). . EDP Gas owns the gas distribution concession in northwest Portugal, covering 29 municipalities in the districts of Porto, Braga and Viana do Castelo. . The deal does not include gas supply activities due to regulatory restrictions. . With this transaction, following the sale last month of Naturgas in Spain for 2.6 billion euros, EDP exits the gas distribution business in Iberia. . The deal will further support the deleveraging targets set by EDP. .REN says separately it will implement a rights issue worth 250 million euros to finance part of the transaction..  Full Article

EDP sells 574 mln euros of tariff deficit in Portugal
Monday, 27 Mar 2017 11:54am EDT 

EDP Energias de Portugal SA :Says its wholly owned unit EDP Servico Universal SA has agreed to sell 574 million euros ($624.6 million) of tariff deficit in Portugal, related with special regime generation, of which 250 million euros correspond to 2015 and 324 million euros correspond to 2017.  Full Article

Portugal's EDP on track to deliver 2020 targets
Friday, 3 Mar 2017 05:58am EST 

EDP Energias de Portugal SA : Says is on track to deliver 2020 targets Source: http://bit.ly/2mA45i9 Further company coverage: [EDP.LS] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

EDP Renovaveis sells 49 pct stake in wind asset portfolio for 242 mln euros
Tuesday, 28 Feb 2017 05:30am EST 

EDP Renovaveis SA : Said on Monday it reached an agreement with ACE Fund II LP, a unit of China Three Gorges (CTG), to sell 49 pct of equity shareholding and shareholder loans in a portfolio of wind assets for 242 million euros ($256.1 million) . The transaction scope covers 422 MW of wind technology, located in Portugal, with an average age of 6 years . Based on the transaction price, the total implied enterprise value for 100 percent of assets amounts to 707 million euros (494 million euros of equity value and shareholder loans and 213 million euros of external debt) .The implied enterprise value of the transaction amounts to 1.7 million euros per MW.  Full Article

EDP generation output grows 10 percent in 2016
Thursday, 26 Jan 2017 12:05pm EST 

EDP Energias de Portugal SA : Says installed capacity at 25.0 GW at end-2016, up 2.7 percent year-on-year . FY total generation output up 10 percent yoy . FY electricity distribution in Portugal and Spain up 0.4 percent at 57,818 GWh yoy . FY gas distribution in Portugal and Spain down 1.3 percent at 33,555 GWh yoy .FY electricity distribution in Brazil down 5.0 percent at 24,425 GWh yoy.  Full Article

EDP sells 48 mln euros of tariff deficit in Portugal
Wednesday, 14 Dec 2016 03:28am EST 

EDP Energias de Portugal SA :Said on Tuesday that its unit EDP Servico Universal SA had agreed the sale of 48 million euros ($51.1 million) from the 2015 tariff deficit in Portugal.  Full Article

Portugal's EDP runs a cash tender offer for $500 mln in bonds
Friday, 18 Nov 2016 01:44am EST 

EDP - Energias de Portugal SA : Said on Thursday runs a cash offer for up to $500 million to repurchase notes issued by EDP Finance BV . Offer covers two issues: 6.00 percent notes due February 2, 2018 and 4.90 percent notes due October 1, 2019 .Offer is aimed at optimising EDP's liability portfolio and increasing the average life of its debt.  Full Article

EDP sells 100 mln euros of tariff deficit in Portugal
Tuesday, 25 Oct 2016 01:25pm EDT 

EDP Energias de Portugal SA : Says agreed the sale of 100 million euros ($109 million) of the 2016 tariff deficit in Portugal via its wholly-owned unit EDP Servico Universal SA .The deficit resulted from the 5-year deferral of the recovery of the 2016 overcost with the acquisition of energy from special regime generation.  Full Article

More From Around the Web

Portugal's REN sees big savings from EDP deal, no credit rating impact

LISBON, April 10 Portugal's grid operator REN expects considerable savings from the purchase of the natural gas distribution network from EDP Energias de Portugal and sees no impact on its dividend payouts or credit rating, REN said on Monday.