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Iberdrola 1Q Power Output Rises 15.4% After Heavy Rains

Iberdrola 1Q Power Output Rises 15.4% After Heavy Rains
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Τρι, 13 Απριλίου 2010 - 19:30
Spanish electricity company Iberdrola SA (IBE.MC) said Tuesday its electricity output rose 15.4% in the first quarter 2010 from a year earlier to 42,454 gigawatt hours.
Spanish electricity company Iberdrola SA (IBE.MC) said Tuesday its electricity output rose 15.4% in the first quarter 2010 from a year earlier to 42,454 gigawatt hours.

Production increases came mostly from a surge in hydroelectric power following heavy rains in Spain that replenished hydroelectric reservoirs. Gas-fired and renewable power output also rose.

At the end of the first quarter, Spain 's biggest power utility had an installed capacity of 43.7 gigawatts, flat from a year earlier, as renewables capacity rose while capacity from fuel-oil based plants plunged.

Iberdrola, based in Bilbao , northern Spain , is the world's biggest wind-power generator.

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