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EDP's bid for the Three Gorges (CTG) will be auctioned in the United States of America. Donald Trump will participate in the operation on North American soil.
George Glass told the Economic Journal that the operation in the United States should not be approved because it is a question of national security.
"EDP controls 80% of electricity in Portugal From a US point of view, from a business point of view and from my personal point of view, there should not be a foreign entity to hold your electricity. It must be controlled by the nation or by individuals in accordance with national regulations.This is not the case of what is happening with EDP, "said Donald Trump's ambassador to Portugal.
This news can be read in this week's issue of Jornal Económico (paid access).
"That's why we are absolutely opposed to this case." EDP is located in the US Under no circumstances will the Chinese control what EDP holds in the United States, the third-largest producer renewable energy, "said the North American diplomat based in Lisbon.
George Glass went even further. If CTG wants to go ahead after this warning, the Trump administration, through the regulator for foreign investment, has the power to dismantle EDP in the United States.
"If China Three Gorges insists on continuing, the CFIUS [Committee on Foreign Investments in United States] has the power to tax this sale, "said the diplomat.
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