Naturgy to reclaim village Barca after 50 years; investor sought for rehabilitation
What happened
Naturgy is set to return to the village of Barca after 50 years. Unión Fenosa had acquired the settlement because officials anticipated that rising water from the Frieira reservoir might submerge it. The current arrangement is a concession, designed to attract an investor willing to rehabilitate the 12 stone houses and establish a business, such as a rural tourism complex.
From indiatimes.com
Why it matters
The concession allows for the potential creation of new revenue streams through the rehabilitation of the historic village. The village, which was acquired by Unión Fenosa due to water concerns, will eventually return to Naturgy.
From indiatimes.com
Who's involved
- NaturgyThe Spanish energy company that will eventually reclaim the village.
- Unión FenosaThe former Spanish energy company that acquired the settlement.
- BarcaThe town in Soria, Spain, subject to the concession agreement.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- BarcaSpeculative
The village could see new revenue streams from setting up a rural tourism complex or wellness retreat.
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The entities involved
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Naturgy
Spanish energy company
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Unión Fenosa
former Spanish energy company
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