naturgas

Edp is an energy group which aims to supply gas and electricity to businesses and individuals at competitive prices. Transmisision and distribution of gas are carried out within a regulated market, whereas the marketing of gas and electricity is carried out within a free market.

At the end of 2009, the Group had 963.000 service points in the regulated market and provided 833.000 customers with gas and more than 77.000 with electricity in the free market.

Its facilities are located in nine autonomous communities, Asturias, Cantabria, Catalonia, Castile and Leon, Extremadura, Madrid, Murcia, Navarre and Basque Country. The network of the gas pipes of EDP amounts to over 9.000 kilometres and 1.031 million euros revenue in 2009. The company leads the gas market in Asturias, Cantabria, Murcia and the Basque Country. It has more than 400 employees and is integrated in HC Energía of the EDP Group.

Edp has its own facilities in nine Autonomous Communities: Asturias, Cantabria, Cataluña, Castilla y León, Extremadura, Madrid, Murcia, Navarra and the Basque Country. EDP posted a turnover of 1,031 million Euros in 2009 and its gas pipe network totalled over 9,000 kilometres, which made it the leading gas supplier in Asturias, Cantabria, Murcia and the Basque Country and the second electricity company in the Basque Country. It has over 400 employees and is part of Grupo HC Energía belonging to the EDP Group.

In 2003 naturgas energia Group, formerly Naturcorp, was a public company comprised of four gas entities which operated in the field of natural gas distribution in the Basque Country.

The Basque Government decided to privatize the Group, which was carried out by means of a public tender. Hidrocantabrico won the privatization tender and took over the majority of the shares in the former Grupo Naturcorp.

In July 2004, The Portuguese EDP (Energias de Portugal), shareholder of Hidrocantábrico, acquired an important additional stake and gained control over 95% of Hidrocantabrico Group, presently hc energía.

Between 2005 and 2006, EDP concluded the process of taking over the local Basque gas distributors, by acquiring Gas Hernani, Gas Pasaia, Bilbogas and Gasnalsa. The company invested 82 million euros and integrated the networks and human teams to the structure of the Group.

Subsequently, in 2008, it also bought the natural gas distribution company of Mérida, the regional capital of Extremadura.

Finally, EDP completed the purchase of the Cantabria and Murcia natural gas distributors in December 2009.