Spain's five largest power producers may lose 2 billion euros ($2.44 billion) in profits as a result of the reform the government is set to approve Friday, financial daily Expansion reports, citing Unesa, the sector's lobby organization.
Spain's five largest power producers may lose 2 billion euros ($2.44
billion) in profits as a result of the reform the government is set to approve
Friday, financial daily Expansion reports, citing Unesa, the sector's lobby
organization.
The government will raise taxes and lower payments to power utilities by
roughly EUR7 billion. Unesa warned that the reforms might wipe out all the
profit these companies make in
Spain
this
year.
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