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BA Vidro hit by 53 power cuts in 2002

After 53 power cuts in 2002 affecting its Portuguese plants, glassware manufacturer BA Vidro, formerly Fabrica de Vidros Barbosa & Almeida, has formally complained about the quality of electricity sup…

After 53 power cuts in 2002 affecting its Portuguese plants, glassware manufacturer BA Vidro, formerly Fabrica de Vidros Barbosa & Almeida, has formally complained about the quality of electricity supply in Portugal, it was reported on 22 May 2003. The glass maker has filed complaints about the quality of electricity supply in Portugal at the national utility Electricidade de Portugal (EDP), energy regulator Directorate General for Energy (DGE) and the independent energy regulator ERSE. BA Vidro said that in 2002 its plants in Avintes and Marinha Grande, in northwestern and central Portugal respectively, suffered 53 electricity cuts. The glass maker is 49%-owned by Portuguese conglomerate Sonae SGPS and 16.14% by investment bank Banco Portugues de Investimento (BPI). BA Vidro posted a EUR 6.4 million (USD 7.5 million) profit for 2002, up 200% year-on-year. Along with the plants at Marinha Grande and Avintes, the company has plant in Gaia, northwestern Portugal, and two plants in Spain.

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