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NNA - Le ministre des Déplacés salue le rôle historique de la Russie au Liban
ANI – Le ministre des Déplacés,Talal Arslan, en visite a Moscou, a rappelé du role ' historique ' de la Russie au Liban depuis le 19e siècle
NNA - Speaker of the House welcomes UN's newly appointed Acting United Nations Special Coordinator for Lebanon
Pernille Dahler Kardel of Denmark - the newly appointed Acting United Nations Special Coordinator for Lebanon (UNSCOL), visited on Thursday Speaker of
CNA - Cyprus economy’s momentum examined at Economist event in London
CNA-Thanasis Gavos-UK/London - An overall very positive picture of the Cypriot economy, notwithstanding specific challenges, was drawn by the speakers
CNA - Department of Taxation accepts 5,990 arrangements for overdue tax debts
CNA - Nicosia - Approximately 5,990 arrangements for overdue tax debts of about € 191,6 million have been made by Tuesday evening, according to the
Lusa - Business News - Angola: Opposition wants repatriated funds classed as 'extraordinary receipts'
Luanda,Dec.14 (Lusa)- Angola’s main opposition party, UNITA, called on Thursday for funds deposited abroad that are repatriated under new provisions
EFE - SPAIN CYCLING - Movistar team presents its star cyclists Quintana, Valverde, Landa in Madrid
Madrid, Dec 14 (EFE).- With eyes on the elusive Tour de France, the only Grand Tour absent from the team's trophy cabinet, the Movistar team on Thursd
Cooperation with Greece and Egypt reinforces efforts to tackle challenges in the region, Defence Minister says
CNA - Nicosia - The tripartite cooperation among Cyprus, Greece and Egypt strengthens efforts to tackle common challenges and threats in the region,
Lusa - Business News - Angola: Tax take from oil exports up 20% on month as prices hit 2-year high
Luanda, Dec. €14 (Lusa) – Angola’s tax revenues from oil exports increased by 20% in November, to the equivalent of €755 million, the largest
Lusa - Business News - Porutgal: Country's actual individual consumption per head 82% of EU average
Brussels, Dec.14(Lusa)– Actual individual consumption (AIC) per head in Portugal in 2016 stood at 82% - that is 18% below the European Union average
HINA - Commercial trade union asks employers to give workers days off during holidays
ZAGREB,Dec14 (Hina)- The Commercial Trade Union of Croatia (STH) asked employers in the retail sector on Thursday to give workers days off on December
HINA - Croatian Academy of Sciences and Arts seen as autonomous, relying on science, ethics
ZAGREB, Dec 14 (Hina) - The Croatian Academy of Sciences and Arts (HAZU) on Thursday presented its activities this year, with president Zvonko Kusic
CNA - Consumption per capita varies between 53% and 132% across the EU, at 91% in Cyprus
CNA - Athanasios Athanasiou - Brussels - Consumption per capita varied between 53% and 132% of the EU average, in 2016, according to Eurostat,
Lusa - Business News - Portugal: Time for Europe to 'reap the benefits' - Centeno
Lisbon, Dec. 14(Lusa)– The Portuguese finance minister and recently-elected president of the Eurogroup, Mário Centeno, said on Thursday it was time
CNA - President welcomes the approval of the 2018 state budget
CNA - CYPRUS/Nicosia - President of Cyprus Nicos Anastasiades welcomed today the approval of the 2018 state budget, describing the budget one of
Lusa - Business News - Portugal: Renewable energy company wins Canadian auction
Lisbon, Dec. 14 (Lusa) – Portuguese renewable energy company EDP Renováveis (EDPR) told the Portuguese Stock Exchange Commission (CMVM) on Thursday
Lusa - Business News - Portugal: CMVM warns of investing in 'bitcoin'
Lisbon,Dec.14(Lusa)–The Portuguese Stock Exchange Commission(CMVM) warned on Thursday about the risk of investing in products related with 'bitcoin'
Lusa - Business News - Angola: Oil cannot be only resource - Sonangol manager
Lisbon,Dec14(Lusa)–The concessions manager at Angolan oil company Sonangol,António Feijó Junior,said on Thursday that oil cannot be the country’
Lusa - Business News - Portugal: Top headlines on Thursday
Lisbon,Dec.14 (Lusa)– The scandal surrounding rare disease charity ‘Rarissimas’ has now spread to the social security minister and is dominating
Lusa - Business News - Portugal: Drought depresses EDP revenue but price rises not inevitable - CEO




Lisbon, Nov.23(Lusa) – The chief executive of Energias de Portugal (EDP) said on Thursday that the main effect on the company of the ongoing drought in Portugal was to depress revenue, but that this did not automatically imply an increase in electricity prices, given that they are set at the level of the Iberian market.
António Mexia of EDP, Portugal’s leading energy company, was speaking at the annual conference of BCSD, the main Portuguese business association for sustainable development.
“The main impact for EDP [of the drought] is lower revenues,” said Mexia. “I’ll have to use products [to generate power] that have a higher cost than water”, such as coal and natural gas.
Hydro-electric production so far this year is running some 60% below its normal level, he noted, blaming this on “greater volatility” of rainfall due to climate change.
Nevertheless, he stressed, “having water or wind [power] today contributes structurally for a drop in prices” – hence EDP’s large-scale investment in such renewable sources.
Quercus, an environmental campaign group, on Wednesday released data from national grid operator Redes Energéticas Nacionais (REN) that show that the drought resulted in a 58% drop in hydro production in the first 10 months of 2017, as compared with the same period of 2016. The amount of energy produced by the burning of coal jumped 22%, meanwhile, and that produced form gas by 66%.

ANE/ARO // ARO.
Lusa

Agency : LUSA

Date : 2017-11-24 09:03:19







 

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