The Government has reserved the possibility of hold accountable those promoters Castor project management, despite extinguish the exploitation concession underground storage of natural gas.
“The effectiveness of the waiver does not, in any way, the extinction of the current liability company that owns and shareholders should, where appropriate, to address its project management” includes the Real Decree-Law that is take urgent action on the gas system and ownership of nuclear plants Saturday published the Official State Gazette (BOE).
According to the agreement reached Friday by the Council of Ministers, Enagás assume compensation amounting to 1,350 billion agreed by the Government to Escal UGS, owned 66% by ACS, the promoter of underground storage.
In particular, Enagás has signed an agreement with a syndicate of banks for the transfer of the receivables to the corresponding company recognized with 1.350 billion euros in the corresponding indemnification Castor.
The solution designed by the Government for underground storage will be “ neutral” for the company led by Antonio Llardén. The royal decree approved by the Executive law allows Enagás assign the rights collection.
Compensation Castor 1,350 million
The Cabinet has approved a royal decree law in which hibernation underground storage facilities Castor and gas in which a compensation of 1,350 million euros for Scales UGS development company is recognized, the amount initially assume Enagás and leave an impact for 30 years in the gas tariff .
The compensation is a Bonada Enagas, through its subsidiary Enagás Transportation, in a operation “closely linked to the EIB financing,” said the Deputy Government, Soraya Sáenz de Santamaría at the press conference following the meeting of the Council of Ministers.
Enagás Transportation will take over the administration of underground gas storage, while the gas system annually to reimburse the company for a period of 30 years by the amount paid.
Hibernation installation “implies that it is prohibited to make c ny extraction or injection of natural gas” in storage, whose concession is now extinct the Scales have it accepted the government’s resignation to the project by the promoters said.
The Deputy Prime Minister said the royal decree law provides a “solution” to a project that has been suspended by earthquakes detected in the area and which was approved in May 2008 through a decree several clauses for which the current government “attempted a declaration of injury” to court.
“A Council of Ministers, may if end hibernation if technical studies it advisable or set the dismantling of safe storage,” said .
“The solution allows reduce the cost to the system against the cost of storage if already launched facilities as planned,” said Saenz de Santamaria.
equo sees a “joke” compensation to ACS by Castor
equo has described as “teasing” the c OMPENSATION 1,350 million euros for promoter company Scales, where ACS is active, lamenting that citizens pay back the “errors” of a large company.
For training, the Castor project is part of a Energy Bet “wrong” based on fossil fuels , which is considered “essential” that Spain transform its energy model to one based on renewable energy and energy efficiency.
“Once again the citizens must pay the consequences of poor management of a large company. This case adds to the rescue of the banking and toll roads. We wonder what will be next, “said the co-spokesperson of equo, Carolina Lopez, in a statement.
IU will ask the EU research on Castor
MEP UI Marina Albiol announced Saturday that prompted an investigation the European Commission in relation to the Castor project that “never again draft-bonus European Investment Bank (EIB) used to finance projects for the greater glory of businessmen close to the government” .
In a statement, Albiol expressed his “total rejection” to the government’s decision to “make citizens pay 1,350 million of euros in compensation to the company Escal UGS ‘by Hibernation submarine gas storage.
“It’s a shame that the Government once again kneel to the demands of a private company and not even raise r eeking to the courts to spare the payment for the next 30 years of compensation that should never have been signed and they will charge in record time, “he stated.
In his view, “with payment to investors Castor store a new level is reached in the misuse of public funds, including European funds” and “is no longer enough for them to socialize losses annual of a private company based taxes, but now also touches us afford the failure of a business venture that should never have started. ”
For eurodip utada “rescue Castor store is the culmination of a chain of negligence for which no explanation has been given and, even worse, no one in the administration deigned to ask them. ”
“Citizens do not have to pay the failed businesses of Florentino Perez. The execution of the work tripled its original budget but the PP and PSOE never have problems going to the hand search of state and European funding to provide tray millionaires contracts to friends even though, in this case, the execution of the work tripled its original budget, “he added.
So, said that “if I had to pay this compensation, that bipartisanship is put back under and between Zapatero, Camps and Soria do compared with 1.350 million instead of hacérnosla assume citizenship in the gas bill. ”
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