- The Faramax plant in Malpartida de Plasencia is expanding with a €37 million investment.
- The project will significantly increase transformer manufacturing capacity.
- Public-private collaboration was key, involving the Extremadura Regional Government and Extremadura Business Corporation.
- Regulatory frameworks are needed to support electrification and distribution networks.
Project Overview
The Faramax plant in Malpartida de Plasencia, Cáceres, is undergoing an expansion with a significant investment of €37 million. This development aims to substantially boost the plant's transformer manufacturing capabilities.
Public-Private Collaboration
The project highlights the effectiveness of public-private collaboration, originating from the joint efforts of the Extremadura Regional Government and the Extremadura Business Corporation. This partnership underscores the importance of cooperation between public entities and private companies in driving industrial progress.
Key Figures and Contributions
Ignacio Galán, Executive Chairman of Iberdrola, emphasized the role of public-private collaboration in achieving significant milestones, such as job creation and economic development. He acknowledged the contributions of former and current presidents of the Extremadura Regional Government in fostering this successful relationship.
Electrification and Regulatory Needs
Galán also addressed the critical role of electrification, describing it as an unstoppable trend. However, he pointed out the necessity for robust distribution networks to meet the growing demand. He called for regulatory frameworks that facilitate investments in these essential infrastructures.
