UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR 15d-16 UNDER THE SECURITIES
EXCHANGE ACT OF 1934
For the Month of December 2005
EDP- Energias de Portugal, S.A.
Praça Marquês de Pombal, 12
1250-162 Lisbon, Portugal
(Address of principal executive offices)
(Indicate by check mark whether the registrant files or will file annual reports under cover of
Form 20-F or Form 40-F.)
Form 20-F x Form 40-F ¨
(Indicate by check mark whether the registrant by
furnishing the information contained in this form
is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.)
Yes ¨ No x
 |
Lisbon, December 23rd 2005 |
| Reuters: EDPP.IN / EDP.N Bloomberg: EDP PL / EDP US
INVESTOR RELATIONS DEPARTMENT
Pedro Pires, Head of IR Gonçalo Santos Elisabete Ferreira Cristina Requicha Rui Antunes Catarina Mello
Phone +351 210012834 Fax: +351 210012899
Email: ir@edp.pt |
DGGE APPROVES EDP’S PREVIOUS INFORMATION REQUEST
ON NETWORK CAPACITY FOR THE CONNECTION
OF NEW HIDRO POWER PLANTS
EDP received clearance from Direcção-Geral de Geologia e Energia (“DGGE”) regarding the previous information request on network capacity (“PIPs”) for the connection, to the Public Electricity System (“PES”), of the hydro power plants of Baixo Sabor and Foz Tua, as well as the repowering of the hydro power plants of Picote and Bemposta.
DGGE’s clearance confirms that it will be possible to connect these projects to the electricity grid, as it anticipates the existence of sufficient connection capacity to the transmission network (Rede Nacional de Transporte), by the time they are expected to start industrial service. Additionally, DGGE has also defined the technical connection conditions required for these projects.
Following the approval of the abovementioned PIPs, EDP will request DGGE the attribution of the respective network connection points, which will take into consideration the development stage of each project: (i) Baixo Sabor project is at its conclusion stage, following the Environmental Impact Statement issued on June, 15th 2004. The beginning of the construction of the Baixo Sabor power plant is dependent on the overruling of a complaint regarding environment matters, currently being analysed by the competent authorities of the European Commission; (ii) regarding the repowering of Picote and Bemposta and the construction of the Foz Tua hydro power plant, the respective Environmental Impact Studies will start and be submitted to the competent authorities in 2006 and 2007. | |
EDP – Energias de Portugal, S.A. Listed Company Head Office: Praça Marquês de Pombal, 12 1250-162 Lisboa Portugal
Share Capital €3 656 537 715 Registered with the Commercial Registry Office of Lisbon under no. 1805 Company Tax Number 500 697 256
The aforementioned projects, which total investment amounts to approximately €822 million, are characterized as follows:
| Hydro power plant |
River |
Capacity to be installed (MW) |
Investiment (Eur. million) |
Entry into industrial service | ||||||
| Baixo Sabor |
Sabor | 170 | (1) | 322 | (2) | 2011 | ||||
| Picote (3) |
Douro | 231 | 132 | 2011 | ||||||
| Bemposta (3) |
Douro | 178 | 131 | 2012 | ||||||
| Foz Tua |
Tua | 208 | (4) | 237 | 2014 |
| (1) | two power plants with pumping capability; |
| (2) | reflects total investment, although part is expected to be subsidized, because of the multi-purpose characteristics of this power plant; |
| (3) | repowering of the existing installed capacity; |
| (4) | with pumping capability. |
The development of these four hydroelectric power plants will allow to increase Portugal’s generation capacity through renewable and endogenous energy sources, both directly, because it is foreseen that the electricity generation resulting from these projects could amount, in an average hydro year, to approximately 1,000 GWh/year, corresponding to avoided CO2 emissions of 500 thousand ton/year, and also indirectly, by increasing the attractiveness of additional wind capacity.
EDP – Energias de Portugal, S.A.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: December 27, 2005
| EDP- Energias de Portugal, S.A. | ||
| By: | /s/ JOÃO RAMALHO TALONE | |
| Name: |
João Ramalho Talone | |
| Title: |
Chief Executive Officer | |