Iberdrola SA (IBE.MC) said Friday that it had asked for authorization from the Spanish energy ministry to close two thermal plants in Spain, with a combined capacity of 874 megawatts.
The dismantling process will last four years from the approval date and will require an investment of around 35 million euros ($40.7 million), Iberdrola said.
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The company also said it would relocate the 170 workers who currently work at the plants in Asturias and Palencia.
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(END) Dow Jones Newswires
November 10, 2017 09:28 ET (14:28 GMT)