The deal is the the second large-scale Portuguese acquisition since December by a Chinese energy group. The Portuguese Government is selling a total of 40 per cent of grid operator Redes Energéticas Nacionais to international bidders under the terms of its €78bn financial rescue package. Together with the other 15% which will be acquired by Oman Oil, the latest deal is worth a total of €592m.
The purchase reflects moves by China’s utility companies to expand overseas and by European Governments keen to take advantage of Chinese funds. Earlier this month the China Investment Corporation acquired an 8.68 per cent stake in Thames Water, while on a visit to the Far East Chancellor George Osborne called for more Asian investment in UK infrastructure.
Leading Spanish economist Luis Fernandez has joined environmental solutions provider ACWA Emirates as Chief Officer Concessions for the MENA region to provide in-depth support for the company’s drive into the public-private partnership (PPP) sector.
for use in chlorine monitoring equipment after similar pumps were found less reliable. 
Welsh Water’s challenge to upgrade the sewage infrastructure within the £multi-million brownfield Swansea Waterfront re-development was facilitated with an innovative Hydro Vortex Drop™ shaft solution from Hydro International.
