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Nestlé sets up a services center in Portugal

Published on July 30, 2012

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Nestle will launch 40 new Jobs and invest 6 million euros in Portugal factories.

The Swiss company has merged several of the iberian division departments (financial services, complementary activities and human resources) in its branch, Nestlé Portugal.

This is due to the commitment of Nestlé to Portugal, according to the statements of the vice-chairman and responsible of Nestlé European subsidiaries, Laurent Freixe:  “Last year 6 million euros were invested and this year it’s planned to maintain that amount and apply it to those 4 factories”. For example, The Avança factory in Aveiro received 9 million euros between 2011 and 2012 to increase its modernization capacity and security system.

This new center will imply the creation of 40 workplaces among the already existing 800 at the moment in Spain and Portugal.

Vale do Rio Doce to extract potassium in Argentina

Published on July 24, 2012

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After the uncertainty caused by the Argentinian nationalization of YPF, the Brazilian miner Vale Do Rio Doce will take part in the Potasio Rio Colorado project (PRC) to extract potassium from Malargüe, Mendoza.

Cristina Kirchner made the announcement yesterday. In addition, during a ceremony held in the Casa Rosada, the Argentinian president signed the contract for building 350 kilometres of railway to connect Río Negro and Neuquén, and 120 kilometres of power lines over the Colorado River.

The megaproject will make the production of 4.3 million tons of potassium possible. Potassium is “one of the three essential nutrients for agriculture”, said Cristina Kirchner. The Brazilian mining company will invest 29,500 million pesos and 12.000 jobs will be ...

Argentina strengthens trade with Bolivia

Published on July 19, 2012

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Last Wednesday, Argentina signed an agreement with Bolivia to increase its natural gas imports. The imports will rise therefore from 13,600,000 cubic meters per day, to 16,300,000 cubic meters a day. Besides, thanks to this agreement signed by the Argentinian Minister of Planning Julio de Vido, although 15,900,000 cubic meters were expected to be imported next year, the actual figure will be 19,200,000.

Evo Morales and Cristina Kirchner’s Governments had already signed a contract in 2007 to raise imports. Its main objective was to reach 27.7 million cubic meters a day in the next 10 years, by 2017. Taking the recent decision into account, “the imports volume agreed in 2007 ...

Portugal Telecom focuses on investing in technology and innovation

Published on July 16, 2012

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Portugal Telecom will hold the Technology and Innovation Conference in Lisbon on October 29 and 30, the telecommunications company announced recently.

The organizers will be Zeinal Bava, PT CEO, and Luis Pacheco de Melo, PT CFO. It will be addressed to investors, analysts and capital market brokers, and its main objective is to share with them PT’s position to take advantage of the synergy growth in the digital area.

The conference will deal with topics such as network and technology strategy, innovation projects and services to develop proposed by PT for their customers in Portugal as well as in the international markets where we have businesses.

PT has several strategic alliances with international companies and institutions, including the American ...

Integrating grids is Portugal’s prority

Published on July 13, 2012

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Integrating the European energy market plays a key role for a successful liberalization of the sector in Portugal. Reinforcing the energy grids interconnection is therefore a relevant factor in this process, said the Secretary of State for Energy, Artur Trindade, during the conference “Grids of the future”.

We cannot foster liberalization without having an integrated market. Producers have to be aware of the fact that Europe needs to be competitive in selling the energy and consumers need a broader offer.

Grids play also an active role in national and European energy politics. Brussels’s politics for this sector focus today on energy efficiency, reducing greenhouse gas emissions and strengthening interconnected structures.

But there are many other problems to solve: supply ...

The revolution of smart grids

Published on July 12, 2012

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There is no doubt that smart grids will be a revolution for the energy sector and a challenge for the electric industry. This process started with the bet for renewable energies, but it is entering into a new dimension.

The change will not only affect the energy grids administration, but also the use consumers will make. Smart grids require revising the entire sector regulatory framework.

Besides, the change will not be gradual, but radical. The smart use of renewable energies offered by the grids will foster the presence of these energies in the market, and information and communication technologies will play a key role in this new concept of distributing the energy.

It is important to highlight that the advantages offered by smart grids will be bigger in the future, including telematic measuring, smart measuring and administration measuring for consumers.

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