REN-Redes Energeticas Nacionais

Company Description

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REN - Redes Energéticas Nacionais operates in two major business areas:

- The transmission in very high voltage electricity and overall technical management of the National Electricity System;
- The transport of high-pressure natural gas and overall technical management of the National Natural Gas System, guaranteeing the reception, storage and regasification of LNG and underground storage of natural gas.

As a result of the country's commitment to renewable energy, the Portuguese government granted REN the concession to operate a pilot area for generating electricity from sea waves to Enondas - Energia das Ondas. S.A., which is 100% owned by REN.

REN also operates in the telecommunications business via RENTELECOM, which includes a range of services, such as infrastructure, managed services and consultancy.

Year founded

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1994

Served area

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Europe

Headcount

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697

Shares outstanding

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667,191,262

IPO

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July 9, 2007

Stock exchange(s)

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Euronext Lissabon