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Galp's Ventinveste consortium, govt to sign wind power contract tomorrow 

Galp Energia SGPS’ Ventinveste consortium is expected to sign tomorrow the contract with the Portuguese government to produce 480 megawatts of wind power, said a source close to the process.

Economy minister Manuel Pinho and Galp’s CEO Manuel Ferreira de Oliveira are expected to be present at the signing in Aveiro, the source added.

The Ventinveste consortium was awarded a total of 480 MW of capacity in the second phase of the Portuguese government’s recent wind tender.

Ventinveste’s main members are Galp, with 34 pct of the consortium, Portuguese company Martifer SGPS, with 33 pct, and Babcock & Brown’s Enersis, with 30 pct. REpower Systems AG and Portuguese company Efacec own 1 pct and 2 pct of the consortium, respectively.

Thomson Financial

forbes.com

17 September 2007

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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