Paulo Portas, in a commentary on TVI, questioned the economic advantages for the Portuguese State of re-entering REN (Redes Energéticas Nacionais) with a 13.7% position. The commentator questioned whether this operation represents a good deal for the public coffers.
However, Portas acknowledged that the decision demonstrates strategic talent, by managing to keep Chinese, American and European competitors out of the process. This observation suggests that, despite reservations about the cost, the operation may have geopolitical benefits.
REN is the Portuguese company responsible for managing the national electricity grid, being a strategic asset in the country's energy sector. The possible re-entry of the State into the company's capital raises questions about Portugal's privatization policy.
