Energy

Brazil

05 April 2024

China State Grid to Build New Transmission Lines in Brazil and Invest USD 39.7 billion

China State Grid, Celeo Redes (Elecnor group), and Alupar signed the contracts for three concessions to build new electricity transmission lines in Brazil.

Mozambique

02 April 2024

Mozambique Awards 5 Offshore Oil and Gas Blocks to CNOOC

The Mozambican government has approved the terms of five oil research and production concession contracts with the China National Offshore Oil Corporation (CNOOC) for offshore blocks in the Southern African country.

Portugal

01 April 2024

EDP Renováveis to Power US Retail Giant Walmart

EDPR, whose parent company EDP has China Three Gorges as its largest shareholder, will supply additional power to US retail giant Walmart, under a new agreement for 15 years.

Brazil

30 March 2024

EDP Among Top Winners of Power Transmission lines Concessions in Brazil

Eight companies, including the Brazilian Eletrobras, the Portuguese EDP and the investment bank BTG, were awarded 15 concessions to tender and operate 6,464 kilometres of power transmission lines in Brazil auctioned by the Government.

Angola

30 March 2024

Singapore Shipyards Yinson Dispatch Agogo FPSO to Angola

Singapore-based floater specialist Yinson Production is dispatching to Angola topside modules for the Agogo floating storage, production and offloading vessel (FPSO).

Portugal

03 March 2024

EDP´s Profit Up 40% in 2023 Helped by Brazilian Earnings

Portugal’s largest utility EDP, whose major shareholder is China Three Gorges, reported a 40% jump in 2023 net profit, driven by higher hydroelectric production and more earnings from its Brazilian business.

EDP-Energias de Portugal netted EUR 950 million, while its wind and solar unit EDP Renovaveis saw profts drop 50% to EUR 309 million as revenues fell.

Earnings before interest, taxes, depreciation and amortisation (EBITDA)

Portugal

01 March 2024