Iberdrola’s inroads


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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