Saturday, October 4, 2014

Citizens pay compensation of 1,350 million … – The Provinces

Citizens pay compensation of 1,350 million … – The Provinces

The Castor project, hitherto owned UGS Scales, happen in the next hours to be part of the state. During the cabinet meeting held yesterday, a royal decree-law which the resignation of the company (co-owned by ACS and Canadian CLP) will accept the grant was approved. Thus, society must be refunded to the investment, as signed at the time, and be all Spanish citizens who will pay 1,350 million compensation through the gas tariff for the next 30 years.

The intention of the Executive to “these urgent measures ‘is’ to ensure the safety of persons, property and the environment in connection with the store.” For this they have decided to keep intact the facilities so that during “hibernation no extraction or gas injection is not performed.” A decision has the approval of the municipalities affected by the earthquakes.

Therefore, the facilities will be closed and their work in ‘stand-by’ while the Ministry of Industry received international reports requested from the Massachusetts Institute of Technology (MIT) and Stanford University. Then, they said from the Executive will decide whether the plant is dismantled, as expected by residents and councils in the area.

The government spokeswoman Soraya Saenz de Santamaria, was commissioned to explain the decision and its future consequences. From now on, the state will own the project, although Enagás also be closely linked to it from various viewpoints.



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In fact, as confirmed by the main gas distributor in Spain in a statement, the royal decree recognizes the 1,350 million “and establishes a payment obligation that amount by Enagás Transportation SAU (Subsidiary of) the holder of the concession is extinguished that is blanching.

In this regard, sources consulted by PROVINCES gas company said that this will only intermediary in the transaction. In recent days it has helped to find a solution and immediately assign these receivables to a syndicate of banks that the money will be paid to Scales UGS. Specifically, are the Banco Santander, Bankia and CaixaBank, they get their money through the gas system. The first payments will have to occur before April 25, 2016, as announced by the Government.

Where did they will be important part is “ensure the maintenance of safe storage” just as the company continues its statement as Santamaria said. It is, there will your earrings does not arise any complications and to anyone inject or remove gas technicians.

The sources consulted by this newspaper added in this area Enagas plans first thing is to know the exact location of the plant and can take several months to review it whole.

Meanwhile, residents of the area is consistent with the Government’s decision to maintain the plant, but not “to make the people who pay into hibernation. It is clear that Florentino (Perez) was not going to lose out, but not at all, because there are people that are having a hard time and this is a burden on their backs, “said Sebastian Fabregat, of the Neighbourhood Association Migjorn Vinaròs. Meanwhile, Andres Martinez, mayor of Peniscola, held that “meet forecasts” and praised the courage of government in making the decision and the fact that, as indicated by Industry, not starting the installation from 2017 110 million euros will be saved each year.

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