Iberdrola Plans Investments

Spanish power company Iberdrola plans to invest $510 million to increase its installed capacity and improve its distribution networks in Mexico and Brazil. The company’s installed capacity in Mexico currently stands at 2,700 megawatts and the company hopes to bump that number up to 5,000 megawatts by 2007. Iberdrola also plans to expand in Greece and Portugal, where it has recently begun operations.