Ren lines up stimulus package

摘要

State grid company Ren saw net profits fall 12% to €127.4 million in 2008. Operating revenues were down 6.7% to €607.4 million, while Ebitda rose 1.3% to €322.3 million. Excluding extraordinary items, recurrent profit rose 8% to €94.8 million.rnChief executive Jose Penedos said Ren aimed to increase investment by about 60% in 2009 to €500 million as part of an ongoing revision of its 2009-2014 investment plan for electricity transmission and natural gas transportation, storage and re-gasification.