Iberdrola S.A. generates, distributes, trades, and markets electricity in Spain, Portugal, and Latin America. The Company operates nuclear, hydroelectric, oil-fueled, coal burning, and combined cycle natural gas plants. Iberdrola also markets natural gas, constructs, promotes, and operates wind... More
Monday, Dec 92013, 3:58 AM
Monday, Dec 92013, 3:58 AM| Comment!
- Iberdrola (IBDSF, IBDRY) has been awarded a €66M contract in Mexico to build an interconnection system that will join Salamanca’s cogeneration plant to Ingeniero Antonio M. Amor refinery. It is the first agreement between Iberdrola and Pemex.
- The project will be developed during the course of 18 months on a turnkey basis method, and it will include building a concrete rack of over 2.5 kilometers long which will carry high and medium pressure steam generated by Salamanca’s cogeneration plant to the aforementioned refinery, both located in Guanajuato state, central Mexico.
- The initiative also involves implementing a large plant for the treatment of condensation water, a degasification system, several pumping mechanisms and other auxiliary infrastructures.
- Source: press release
Friday, Nov 292013, 1:35 PM
Friday, Nov 292013, 1:35 PM| 1 Comment
- The U.K. government has asked the country's six biggest energy suppliers to freeze prices for gas and electricity, barring any major increase in wholesale fuel costs, until the 2015 election, BBC reports.
- The government seeks the commitment as part of a wider deal with firms that could cut annual bills by ~£50, and it wants to avoid another round of price rises that could be blamed on government green levies.
- Britain's "big six" energy companies, British Gas owner Centrica (CPYYF, CPYYY), SSE (SSEZF, SSEZY), RWE's npower (RWEOY), Iberdrola's Scottish Power (IBDRY, IBDSF), EDF Energy and Eon (EONGY), supply ~98% of the country's homes.
Sunday, Jun 102012, 9:22 PMA peek under the hood of the Spanish ETF (EWP) shows banks Santander (STD) and BBVA making up about 33% of the holdings, with Telefonica (TEF) roughly another 18%. Electric utility Iberdrola (IBDRY.PK) and oil giant Repsol (REPYY.PK) account for just under 5% each of the fund's assets. |Sunday, Jun 102012, 9:22 PM| Comment!
Wednesday, Apr 182012, 7:20 AMMadrid leads the way lower in Europe, -3.1%. Given that, what would you think is happening to Spanish bond yields? Correlation fans will be disappointed, as the 10-year is off 8 bps to 5.80%. The utility sector is the big loser, led by Iberdola (IBDRY.PK), -7.3% after a struggling construction firm is forced to unload a big stake in the company. |Wednesday, Apr 182012, 7:20 AM| 7 Comments
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