Red Eléctrica de España is a partly state-owned and public limited Spanish corporation which operates the national electricity grid in Spain, where it operates the national power transmission system. It also holds assets in Peru, Chile and Brazil.

History

The company was created in 1985 by the State-owned holding company Instituto Nacional de Industria (INI) to provide a unified national power grid. Up to 20% of Red Eléctrica is controlled by the state-owned holding company Sociedad Estatal de Participaciones Industriales (SEPI), with the remainder being free float on the Bolsa de Madrid.

Sell-offs

The firm was also formerly active in telecommunications, but in 2005 sold its unit Albura (and with it access to a 7,500 km network of optical fibre) to Deutsche Telekom unit T-Online for €61.5 million.