The executive president of Endesa (CEO) said this Tuesday, February 24, that the Portuguese Government and the company reached an agreement to suspend the Girabolhos dam in 2017, after the project disappeared from the National Dams Program.
“This dam was canceled by the Portuguese Government in 2016, as part of a review it carried out of the National Plan for High Hydroelectric Potential Dams” and, “following the review of that plan, Endesa and the Portuguese Government reached an agreement and suspended by mutual agreement” the Girabolhos project, in the Mondego basin, said José Bogas, at a press conference in Madrid, in response to a question from the Lusa agency.
The CEO of the Spanish energy company revealed that the company had already invested around 90 million euros in the Girabolhos project when the dam was suspended.
“We recovered some of it and not the other,” he said, without revealing further details.
José Bogas did not rule out the possibility of Endesa applying again to build the Girabolhos dam, after analyzing the conditions of the competition recently announced by the current Portuguese Government.
The government instructed the Portuguese Environment Agency (APA) to launch the public tender for the construction and operation of the Girabolhos dam by the end of March, according to a statement released on February 10.
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