Spanish power investment soars

Jan 02, 2007 01:00 AM

Power plant investment from Spain's five integrated electricity groups soared by more than a quarter in 2006, according to industry association Unesa.
The association, comprising of the five Spanish power groups -- Endesa, Iberdrola, Union Fenosa, HC Energia and Enel Viesgo -- said that investment in electricity generation plants rose by some 27.7 % year-on-year to EUR 3.2 bn ($ 4.2 bn). Total investment in Spain's electricity industry by the five companies rose to EUR 5.2 bn, an increase of 7.8 % on 2005.

Total installed electricity generating capacity in Spain as a whole rose to 63,366 MW by the end of 2006. Unesa members added 1,288 MW in 2006.
Unesa stated that gross power production in Spain rose 2.5 % last year to 302,028 GWh and new power production by 2.8 % to 289,701 GWh. Natural gas units accounted for 30 % of output, coal fired generators 23 %, nuclear power plants 20 %, hydroelectric installations 10 %, renewables 10 % and oil fired stations 7 %.

Source: Power Engineering Magazine
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