Mira Amaral Doubts How the 3,000 Million Euros of CMECS Could Be Restituted by EDP – Observer



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Former Energy Minister, Mira Amaral, said Wednesday that he had doubts about how a possible reimbursement of 3,000 million euros that EDP received contractual maintenance costs of balance (CMEC) could be done since 2007.

In the parliamentary commission of inquiry on energy incomes, questioned by the MP PS Hugo Costa on the need or not for EDP to return the earnings of CMEC, Mira Amaral said that "think that the time is back something of some unions"

"Who indemnified the shareholders? In theory, assuming that Pedro Sampaio Nunes is right and that the European Court is right, the bastard who was in the government had a headache, "said the former leader, who had previously argued that it was necessary to respect the shareholders of the company.Edp, who invested in electricity after 2007, with certain guarantees profitability.

A week ago, during a hearing in parliament, energy expert Pedro Sampaio Nunes considered a "scandal" that EDP, "with phenomenal profits," and made argue that the 3 billion euros received under the CMEC should be returned to consumers. "

" Thinking that time is coming back is only a matter of some unions. Shareholders are not to blame, "he said, referring to" doubts that these things can be reversed, given the money involved.

Mira Amaral defended former state secretary Henrique Gomes (of the government headed by Passos Coelho) "was right to say that the CMEC should have been adjusted before the sale to the Three Gorges Group", of 21 , 35% of the capital of the company headed by António Mexia.

As this did not happen, he continued, owes the rights of the shareholders who joined EDP after 2007, the date on which the company received the CMEC, a compensation related to the early termination of the contracts of Energy Acquisition (CAE), following the transposition of European legislation at the end of 2004, and then revised in 2007.

16 The EDP hydropower plants are currently covered by the CMEC regime, whose contracts will be abolished until 2027 (Alto Lindoso, Tou

Yet, two PF-IAs were maintained in the same period, with the exception of the first, Turbogás and Tejo Energia – which are managed by REN Trading.

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