In March this year Eutilia, the consortium responsible for the new European procurement portal, was incorporated as an independent business. Junior Isles looks at the formation of the consortium and how the portal could affect the way Europe's utilities do business.
Moody's has today confirmed the A1 senior unsecured long term debt ratings of Iberdrola International BV guaranteed by Iberdrola SA with a stable outlook.
A group of eleven of Europe's leading utilities have signed an agreement in order to set up Eutilia, an independent portal which will enable the procurement of supplies through the Internet.
The CNE, the Spanish regulatory body for the energy sector, is to allow Spanish electricity groups Endesa SA and Iberdrola SA to proceed with their applications to construct electricity plants in Tarragona.
Spanish electricity network Red Electrica de Espana (REE) hopes to acquire the electricity transport lines operated in Spain by Spanish energy giants Endesa SA and Iberdrola SA.