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Wednesday, February 22, 2006

Privatizations approved

The privatization program set forward by the Portuguese Government for 2006/2007 was approved, this Thursday, by an overwhelming majority. Finance Minister, Teixeira dos Santos, explained after the reunion, that the Government intends on selling all its shares that it detains in Portucel Tejo, Portucel and Inapa. It will also sell part of what it detains in Galp Energia, EDP - Energias de Portugal, REN - Rede Eléctrica Nacional and TAP. The various privatizations are expected to profit around 2,4 billion euros of which the sale of Galp Energia represents 50 percent of the total amount.

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At 12:17 PM, Anonymous Anonymous said...

Let's hope this privatization results in better customer service.

I had my electricity cut last Friday because of a mistake ON THE PART OF EDP... causing me to run around the city getting my power reinstalled immediately versus the normal 8 day delay they quoted -- imagine the arca after 8 days, not to mention no heat, lights, hot water?

After deciding they had, in fact, cut my service by mistake, did I get an apology? No. Instead, I was told this program of cutting service without prior notice is the way they penalize people who try to sneak the system and use electricty without paying. And they intend to keep doing it, no matter that they sometimes penalize good customers in the process. Without competition, they know they can do whatever they want.

Pity they don't spend their time updating their systems so that it is impossible to use electricity without paying. Privatization can drive a focus towards this type of sensible, cost effective enhancement... versus random attacks upon paying customers in an effort to find the occasional deadbeat.

Nice blog. I read it regularly.

At 5:47 PM, Anonymous d said...


At 8:36 PM, Blogger Alba said...

Hi.. how are you?
Chose the options:
I will talk to you in portuguese
[]Yes []NO
I will talk to you in english
[]YES []NO
In english
Will be better to the customers the privatization due to fair competions between the suppliers.

In portuguese
Nossa, vocês vão economizar para caramba... rsrssrrs
Desculpe-me a brincadeira, seja sempre bem vinda... por acaso viu o sapo e o meus objetos de desejo?
Quem sabe você consegue um deles para mim... rsrsrs



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