Energias de Portugal (EDP) is reportedly considering growth prospects in the renewable energy business in the Middle East and Eastern Europe, with the co-operation of International Petroleum Investment Company (IPIC).
Meanwhile, EDP is holding negotiations with Sonatrach over the possibility of the Algerian group participating in Spanish power plant projects.
IPIC, which holds a 2% stake in EDP, will be raising its stake to 5%. Sonatrach, which holds a 2% stake in EDP, is also reportedly considering an increase of its interest in the Portuguese utility, according to industry observers.
