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Key Milestones

1994
  • Setting up of REN - Rede Eléctrica Nacional, S.A., as a subsidiary of EDP
1996
  • Entrance of natural gas in the network for the first time, through the Portuguese border (Campo Maior)
2000
  • ISO 9001 Certification of the activity of design and construction of extra high voltage lines and substations
  • Start of operation of a new Scada
  • Portuguese State acquires a 70% stake of REN, initially owned by EDP
  • 50 year period concession granted to REN to operate the national electricity transmission network
2001
  •  Setting up of RENTELECOM
2003
  • Setting up of OMIP
  • Exchange of capital between OMIP and OMEL
  • ISO 14001:1999 certification of the environment management system
  • Acquisition of 18.3% of Galp share capital
2004
  • Inauguration of Sines’ GNL Terminal
2005
  • Signature of PPA termination contracts by EDP
  • ISO 9001, ISO 14001 and OHSAS 18001 certification of the whole scope of the concession agreement
  • Connection to the EHV Electricity Grid of the first wind farm
  • Beginning of operation of the natural gas underground storage
2006
  • New regulatory framework for the energy sector in Portugal
  • Natural gas regulated assets unbundling with sale from Galp to REN
  • Sale of Galp stakes to Amorim Energia
  • Setting up of REN Gasodutos; REN Armazenagem and REN Atlântico
  • Start of operation of OMIP
  • New concession agreement regarding gas assets for a 40 year period commencing from 2006
2007
  • Setting up of  REN—Redes Energéticas Nacionais, SGPS
  • Termination of PPA between REN and EDP, remaining two PPA with Turbogás and Tejo Energia
  • Setting up of REN Trading to manage the two remaining PPA
  • Setting up of REN Serviços
  • New concession agreement regarding the operation of the EHV electricity grid until 2057
  • First auction of the virtual capacity of electricity production
  • IPO
  • Entry on PSI 20
2008
  • Presentation of the consolidated results regarding 2007
  • Start of operation of REN Serviços
  • REN SGPS General Shareholders’ meeting
  • New concession agreement regarding the first wave energy production pilot zone