The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35 - Electricity, gas, steam and air conditioning supply
450 jobs Number of planned job creations
Announcement Date
6 February 2009
Employment effect (start)
1 February 2009
Foreseen end date
31 December 2011
Description
The Portuguese Prime Minister announced the creation of 450 new jobs with the construction of a second hydroelectric station in Alqueva (Alentejo). With an investment of 160 million Euro, the project will allow Portugal to reduce its oil dependency from other countries. This hydroelectric station is expected to be operational in December 2011. The Prime Minister considers this investment absolutely safe and necessary to face the consequences of the economical and financial crisis.
Sources
6 February 2009: tsf
Citation
Eurofound (2009), Energias de Portugal Group, Business expansion in Portugal, factsheet number 68356, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68356.
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