Naturgy begins construction work on three new photovoltaic plants in Castilla-La Mancha with sufficient capacity to supply 86,000 households

Naturgy has begun construction work on three new photovoltaic plants in Castilla-La Mancha: the Zorita I and Zorita II facilities, located in the vicinity of the former José Cabrera nuclear power plant between the municipalities of Almonacid de Zorita and Zorita de los Canes (Guadalajara), and the Ocaña plant in the municipality of Ocaña (Toledo).
Earlier today, the General Manager of Communication and Institutional Relations of GAS NATURAL FENOSA, Jordi Garcia Tabernero, the General Manager of the Gas Natural Fenosa Foundation, Martí Solà, and the President of the Spanish Red Cross, Javier Senent, signed a partnership agreement to help groups affected by energy vulnerability in Spain.
GAS NATURAL FENOSA obtained a net profit of 298 million euros in the first quarter of 2017, 9.4% lower than the same period last year. The result would be 8.3% lower on like-for-like terms as the results of Electricaribe were not consolidated in the first three months of the year due to their falling outside the scope of consolidation at the end of 2016.
GAS NATURAL FENOSA President Isidro Fainé chaired his first Ordinary Shareholder’s Meeting since being appointed in September; the meeting was held today in Barcelona. The Ordinary Shareholder’s Meeting approved a total payout to shareholders from the 2016 result of 1.001 billion euros, as established in the new remuneration policy included in the company’s Strategic Plan.
The offer to repurchase GAS NATURAL FENOSA bonds, made on 28 March, ended today and reached the one billion euro target initially set by the company. Specifically, the offer, maturing between 2018 and 2021, has had a demand in excess of 1.2 billion euros, forcing a proration to adjust it to the initial offer of one billion euros.
GAS NATURAL FENOSA’s Board of Directors, chaired for the first time by Isidre Fainé, reached a unanimous decision at its ordinary meeting held in Barcelona to appoint Salvador Gabarró as the energy group’s Honorary President, a post that had remained vacant since Pere Durán Farell’s death in 1999.
GAS NATURAL FENOSA and Baleària officially launch today Spain’s first natural gas engine for passenger boats, in the Port of Barcelona. Both companies have fostered the development and installation of the auxiliary engine and a 30 m3 tank of liquefied natural gas (LNG) (which can operate for one week) on the ferry Abel Matutes owned by Baleària, which operates a daily Barcelona-Palma de Mallorca route.
The General Management Department of Regulated Business at GAS NATURAL FENOSA has appointed Raúl Suárez Álvarez as the new Director of Unión Fenosa Distribución, the multinational energy company’s distribution subsidiary in Spain. Suárez plans to continue the work carried out by the previous Director, Luis Zarauza.
GAS NATURAL FENOSA reached a net profit of 1.347 billion euros in 2016, which is 10.3% lower than the figure for 2015. The result is in line with the set forth in the 2016-2020 Strategic Vision that the multinational presented in May, predicting a net profit of between 1.3 and 1.4 billion euros in 2016 and 2017.
GAS NATURAL FENOSA is set to allocate 4.5 million euros to launch a new Energy Vulnerability Plan across Spain. The goal of the programme is to intensify actions already being undertaken, standardise the management of vulnerable customers and strengthen its collaboration with public administrations and Community Sector entities.
The Maghreb–Europe Gas Pipeline began operating in November 1996, so in 2016 this major infrastructure is now celebrating its 20th anniversary as one of the main gateways for gas coming into Spain.