What COMMISSION DECISION of 21/08/2000 declaring a concentration to be compatible with the common market (Case No IV/M.1952 - RWE/IBERDROLA/TARRAGONA POWER JV) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) requires
On 14 July 2000, the Commission received a notification of a proposed concentration by which RWE AG (Germany) and Iberdrola S.A. (Spain) will establish a full-function joint venture, Tarragona Power S.L. (TPower), active in the electricity supply at interconnected level mainly in Spain. After examination of the notification, the Commission concluded that the notified operation falls within the scope of Council Regulation (EEC) No 4064/89 and does not raise serious doubts as to its compatibility with the common market and with the EEA Agreement. TPower will supply electricity at interconnected level (380/220 kV) to large industrial customers, building a gas-fired power plant adding 400 MW of generation capacity to the Spanish market - approximately 1% of currently installed capacity - generating approximately 3.2 TWh per year. RWE and Iberdrola each hold a 50% participation and jointly control TPower, with unanimous vote of the board of directors required for strategic business decisions. The Commission determined the proposed operation would not lead to the creation or strengthening of a dominant position on the market of electricity supply at interconnected level in Spain, and declared it compatible with the common market pursuant to Article 6(1)(b) of Council Regulation (EEC) No 4064/89.
Pillar: Legal & IP Sovereignty · Authority: Commission of the European Communities · Version: 1.0.0 · Last updated:
Primary source: https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32000M1952
SHA-256 integrity: 1595f1f27dc516af9fe0a18bc3f2909c0aafdeba736356311eb2b3d7c2add349
Primary Citations — 8 traced to source
- Paragraph 1: 'On 14 July 2000, the Commission received a notification of a proposed concentration by which RWE AG ("RWE"), Germany, and Iberdrola S.A. ("Iberdrola"), Spain, will establish a full-function joint venture Tarragona Power S.L. ("TPower"), Spain, active in the electricity supply at interconnected level mainly in Spain.'
- Paragraph 2: 'After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EEC) No 4064/89 and does not raise serious doubts as to its compatibility with the common market and with the EEA Agreement.'
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