Key messages
Exclusive TSO in
Portugal
Operational excellence
Stable business context
Solid results
Strategic cycle 2021-24
Focused in Portugal with growth oportunities in ChileStable regulatory context with long term contractsHighly efficient and reliable player, committed to innovation and technology
Strong financial discipline leading to attractive shareholder returns
REN at the core of energy transition reinforcing its ESG standards and delivering growth, superior operational performance and solid financials
Key messages
Exclusive TSO in
Portugal
Focused in Portugal with growth oportunities in Chile
70-year track record as a leading energy infrastructure operator focused in Portugal
Foundation of CNE (National Electricity Company)
1947
Foundation of REN - Rede Eléctrica Nacional, S.A.
(EDP's business unit spin-off)
1994
Electricity 50-year concession (2000-2050)
Portuguese State 70% ownership
2nd reprivatization phase (State Grid of China 25%;
Oman Oil 15%)
Acquisition of a 7.5% stake in Hidroeléctrica de Cahora Bassa (HCB)
in Mozambique
2000
Acquisition of natural gas transmission assets to Galp
Natural gas 40-year concession (2006-2046)
2006
2007
2012
1st reprivatization phase (IPO)
Electricity concession period renewed (2007-2057)
2014
2nd reprivatization phase concluded (sale of Portuguese
State's 11% stake)
2015
Acquisition of Galp NG underground storage assets
2017
Acquisition of 42.5% of Electrogas in Chile (gas transmission)
Acquisition of gas distribution company Portgás (2008-2048 concession period) and
REN capital increase
IPO of 4% of HCB shares
Acquisition of Transemel in Chile (electricity transmission)
2021
2019
Issuance of REN's
First Green Bond
(€300M)
2022
Transemel secured 2 new projects for the development and operation of the Buenavista and Buli substations
Exclusive TSO and 2nd largest natural gas DSO in Portugal, with international presence
Business Portfolio
Electricity TransmissionNatural Gas Transmission
Natural Gas Distribution
Telecommunications business
Portugal
9,424 km 331M€
1,375 km 113M€
6,316 km 50M€
Chile
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
REN - Redes Energéticas Nacionais SGPS SA published this content on 30 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2023 15:53:07 UTC.