Iberdrola’s inroads

Spanish utility Iberdrola supplied almost a third of its home country’selectricity in 2003. And with a joint Iberian energy market scheduled to startin March, the firm has plans for further expansion into Portugal. By Joe Marsh

Spanish utility Iberdrola was the biggest supplier of electricity to Spain’sderegulated commercial and industrial sector in the first half of 2004, meeting38.5% of power demand. And the Madrid-based company is moving to further itsinfluence in the Iberian peninsula by increasing its foothold in Portugal, giventhe scheduled March launch of the joint Spanish-Portuguese electricity market,Mibel.
Although Iberdrola already owns minority stakes in several Portuguese energycompanies, its interest

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