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Spain's REE plans to invest EU4.5 bln from 2015

Source: Reuters - Mon 1st Dec 2014
Spain's REE plans to invest EU4.5 bln from 2015

Spanish power grid operator Red Electrica will invest EU4.5 Bln as part of its 2015-2019 strategy plan, Chairman Jose Folgado said in an interview published on Monday in Expansion.

The company will begin looking abroad for expansion opportunities through the investment of some EU600 Mln, Folgado said.

The strategic plan, an update of the group's 2013-2017 strategy, could be announced in Q1 of 2015, he said.

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