| Type | Public Company NYSE: EDP Euronext: EDP |
|---|---|
| Headquarters |  Lisbon, Portugal |
| Industry | Energy |
| Products | Electricity, Gas |
| Revenue | ▲ € 12.9716 billion (2006) |
| Net income | ▲ € 940.8 billion (2006) |
| Employees | 13,575 (2006) |
| Subsidiaries | Portgás (operating as EDP Gás) HC Energía Naturgás (through the subsidiary HC Energía) Energias do Brasil EDP Distribuição EDP Energia EDP Renováveis (75%) Companhia de Electricidade de Macau (21%) |
| Website | EDP-Energias de Portugal Homepage |
EDP - Energias de Portugal (formerly known as "Electricidade de Portugal"; Euronext: EDP, NYSE: EDP) ranks among Europe's major electricity operators, as well as being one of Portugal's largest business groups.
The Group became the first Iberian company to own significant generating and distribution assets in both sides of the border, with a controlling position in the Spanish company HC Energía, and it is also present in the electricity sectors of Latin America – with a major presence in the US, Brazil, Africa and Macau, in the generation, distribution and trading businesses.
The EDP Group’s activities are centred on the generation and distribution of electric power, as well as the information technologies areas. In addition, the Groups business embraces complementary and related areas, such as water, gas, engineering, laboratory testing, vocational training and real estate management. It once had businesses in the IT consulting (Edinfor) and telecommunications (ONI Telecom). These businesses were sold, respectively, to Logica and the private equity group Winfield.
In 2006 35% of the energy produced by EDP was from renewable energy sources, and, as of the end of 2007, the company announced that 39% of its energy was already emissions-free and they were aiming to a 75% renewable energy production until 2013 [1].
In March 2007 the group made a US$3 billion takeover of Horizon Wind Energy, the Texan-based wind power producer. This is the largest renewable energy deal up to date and made EDP the fourth largest wind power producer in the world.[2]
The company is ranked at 346 in the Forbes Global 2000 (2007).
See also
External links
- EDP
- EDP Energias do Brasil, EDP Brazilian holding
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