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IBERDROLA has brought its unique approach and commitment to sustainability and respect for the environment to the Portuguese market.
As well as marketing electricity and gas, IBERDROLA is engaged in a number of major investment programmes. Among other initiatives, our investments are reflected in the Alto Tâmega projects, the Wind Farms and the Romanesque Restoration Project in the Douro River Basin.
IBERDROLA is developing the Alto Tâmega hydroelectric complex in Portugal, the Project will be built in various stages (2014-2023), the largest project of its kind in the Iberian Peninsula to have been carried out in the last 25 years. The budget of the Project is EUR 1,200 million, with the heaviest investment taking place from 2018-2020. A 1,200 MW power , will be installed, and will reach an annual production of 1,800 GWh, about 4% of the countries electrical consumption.
This initiative, which underlines the company's commitment to cleaner generation technology and to progress in Portugal, envisages exploiting hydroelectricity infrastructure at Gouvães (pumping station), Alto Tâmega (pure turbine station) and Daivões (pure turbine station) for 70 years.
Also, during its construction, 3,500 direct jobs and another 10,000 indirect ones will be created.
IBERDROLA has three wind farms in operation, with a rated output of 92 MW:
In Portugal, this is a regulated activity that remains subject to the applicable legislation for "Special scheme Production". Tariffs are defined according to the "feed-in tariff" model.
The three wind power stations indicated above produce 200 GWh/year of renewable electricity. This is equivalent to the electricity used by thirty-five thousand homes. On the basis of the revenues generated, the four municipalities involved were paid over half a million euros.
The Portuguese Ministry of Culture, the Regional Government (Junta) of Castile and León and the IBERDROLA Foundation have entered into an agreement to carry out an ambitious project of restoration and maintenance on the Romanesque art heritage in Portugal and Spain. It applies to 33 monuments located in the vicinity of the rivers Douro and Tâmega.
This joint intervention initiative, which goes by the name "Atlantic Romanesque Restoration Plan", will enable to restore the cultural, natural and social heritage of this region, boost socio-economic activity and strengthen cross border ties between Spain and Portugal. The investment will amount to 4.5 million euros, with each party undertaking a third of the total amount.
This contribution will be made in the following four years and it will enable the complete restoration of 12 buildings as well as the implementation of a maintenance, lighting and control programme at the remaining 21 monuments. Of the 33 churches churches to benefit from this project, nine are located in the province of Zamora, seven in the district of Vila Real, six in Oporto, six in the province of Salamanca and five in the district of Bragança. Santa María La Real, a benchmark institution in the field of Romanesque art restoration, will take part in the stages of design and execution of the work.
To quote the Chairman of IBERDROLA: this initiative intensifies the strong commitment that the company has towards Portugal, a country with which we share a future filled with important projects..