The project has created 1,500 direct jobs and is to be completed in 2023, Spanish electricity company Iberdrola said on Tuesday in a report on the progress of the Tâmega system project.
The project’s main goal is to produce electricity and act as a water reserve.
It is one of the biggest hydroelectric projects in Europe in the last 25 years and involves an investment of €1.5 million with 13,500 direct and indirect jobs between 2018 and 2020.
The project is expected to have an output of 1,158 megawatts(MW), with an annual production of 1,760 gigawatts (GWh), which is six percent of the country’s electric consumption.