FILE PHOTO: Ignacio Sanchez Galan, chairman of Spanish power company Iberdrola, reacts during a speech during the annual general meeting of shareholders in Bilbao April 8, 2016. "They like to be enthusiastic but if they had to make a choice between a wonderful oil well and a good wind farm, I feel their heart will move in the traditional direction. "Galan also brushed off U.S. President Donald Trump's policy shift in favour of coal, pointing out that Iberdrola would spend 40 percent of its 32 billion euros ($37 billion) investment budget in the United States over the next four years. "Those plants are officially open but they are not producing. "(1 = 0.8821 euros)

Source: Egypt Today January 24, 2019 13:30 UTC