Published on 25 September 2013 at 15:47

It's worth investigating, at least...

The European Commission has opened an investigation into the extension of the concession that the Portuguese government granted to the Energias de Portugal energy firm for the use of public water resources to generate electricity in 2007.

According to Brussels, the €759m paid by EDP for this concession is below its real value and constitute a hidden state aid, which has led to a distortion in the competition market and damaged other firms in the industry.

Subscribe to the Voxeurop newsletter in English

Was this article useful? If so we are delighted! It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans. Discover our membership offers and their exclusive benefits and become a member of our community now!

Are you a news organisation, a business, an association or a foundation? Check out our bespoke editorial and translation services.

Support independent European journalism

European democracy needs independent media. Join our community!

On the same topic