Galán conveys to Urkullu Iberdrola’s commitment to economic development and employment in the Basque Country

Euskaraz irakurri: Iberdrolak Euskadiren garapen ekonomikoan eta enpleguan duen konpromisoa helarazi dio Galanek Urkulluri

The president of Iberdrola, Ignacio Galanhas transferred to the lehendakari, Iñigo Urkullu, the “commitment” and “vocation” of the electric company with the economic development and the job in the Basque Country and its plans for the economic contribution of the company in this community to reach 10,000 million euros between 2022 and 2025, 15% more than the previous four-year period.

Galán met this Monday in Vitoria-Gasteiz with the lehendakari and shared with him the figures that prove this commitment and that place iberdrola as one of the Basque “engines of the economy”, since it contributes more than 2% of total GDP Basque.

As the company has indicated in a note, Iberdrola’s activity in the Basque Country in 2022 generated a socioeconomic impact of more than €2.7 billion30% higher than last year.

Also during this year, Iberdrola has made purchases and contracted services from 600 Basque suppliers for an approximate value of 1,700 million euros.

On the other hand, the fiscal impact of the economic activity that the company has carried out last year has exceeded 400 million euros and investments have reached the figure of 200 million euros.

Galán has transferred to Urkullu the Strategic plan of the Basque company presented in London last November which will involve investments of 47,000 million euros during the period 2023-2025 to promote the energy transition, employment and net zero emissions.

Specifically, and thanks to this plan, Iberdrola’s financial contribution to Euskadi will reach 10 billion euros between 2022 and 2025, mainly in investments, purchases, salaries and tax revenue with an increase of 15% compared to the previous four-year period.