Portugal: Major investment in the energy sector - EIB finances Iberdrola´s three new dams and hydropower plants on the Tâmega and Torno rivers
(WorldNews Environment)

The EIB will provide EUR 650m for a project entailing total investment of around EUR 1.5bn The dams will support the growth of electricity generation from renewables and increase the security of electricity supply on the Iberian market The project will require employing up to 13,500 people during the entire construction phase and several hundred in operational phase The European Investment Bank (EIB) is financing one of the most important energy sector initiatives in Portuguese history. The EU bank will provide a EUR 650m loan to Iberdrola to support a major hydro electrical project that will increase energy storage capacity in the EU, provide services to the Iberian grid operators and...