The National Agency for Energy Regulation (ANRE) issued the new company Gas Natural Fenosa Furnizare Energie with a license for supplying electric power, IPN reports.

According to a communique of the ANRE, Gas Natural Fenosa Furnizare Energie was created as a result of the reorganization by separation of the company I.C.S. Red Union Fenosa. The process took place in accordance with the legislation on electricity, which obliges the operators to separate the power distribution activity from the power supply activity at legal level.

By its decision, the ANRE issued a license allowing supplying electric power and made changes to the license conditions in accordance with the new provisions of the Law on Electric Power.

Î.C.S. Gas Natural Fenosa Furnizare Energie SA was included in the State Register of Legal Entities on January 1, this year. According to the extract from the register, Union Fenosa Internacional SA, based in Madrid, Spain, is the only founder of the company.