CIP estimates that blackout losses in non-recoverable areas will be around 15 million euros

The power outage is believed to have caused 15 million euros in losses to the food industry, in areas that cannot be recovered, according to estimates by the Portuguese Business Confederation (CIP).
"At the moment, especially in the agri-food industry, we are recording losses that are not recoverable," CIP president Armindo Monteiro told Lusa, adding that the estimate of losses (15 million euros) was made taking into account a normal working day and the time of the power outage, with this value being an average that has some flaws in its measurement.
Armindo Monteiro also specified that the issue at hand includes, for example, dairy products or others that are used to incorporate into products and that in a blackout of the size and duration of the one recorded on Monday are impossible to recover.
Regarding the response to affected companies, and noting that some situations will be covered by insurance, Armindo Monteiro stresses that public efforts and resources should focus mainly on prevention.
"We should invest our energy and financial resources in prevention. It is better to invest in avoiding new situations like this than to resort to this situation", stated the president of CIP, recalling that many systems are increasingly dependent on a few systems.
The president of the Portuguese Confederation of Commerce and Services (CCP), João Vieira Lopes (who, like Armindo Monteiro, spoke on the sidelines of the 2nd edition of the annual labor conference, promoted by the digital newspaper Eco), stated that it was "extremely difficult" to calculate the value of losses.
"We know that there are losses [but] we have no complaints that quantify them", stated João Vieira Lopes, referring that these occurred mainly in the food sector, due to the interruption of the cold chain.
Without demanding any public support in response, João Vieira Lopes said, however, that if some community funds were made available, the Government should create a measure that would compensate losses to those who could prove them.
A widespread power outage affected Portugal and Spain on Monday, starting at 11:30, and the authorities have yet to provide an explanation.
Closed airports, transport and traffic congestion in large cities and a lack of fuel were some of the consequences of the blackout.
The power outage is believed to have caused 15 million euros in losses to the food industry, in areas that cannot be recovered, according to estimates by the Portuguese Business Confederation (CIP).
"At the moment, especially in the agri-food industry, we are recording losses that are not recoverable," CIP president Armindo Monteiro told Lusa, adding that the estimate of losses (15 million euros) was made taking into account a normal working day and the time of the power outage, with this value being an average that has some flaws in its measurement.
Armindo Monteiro also specified that the issue at hand includes, for example, dairy products or others that are used to incorporate into products and that in a blackout of the size and duration of the one recorded on Monday are impossible to recover.
Regarding the response to affected companies, and noting that some situations will be covered by insurance, Armindo Monteiro stresses that public efforts and resources should focus mainly on prevention.
"We should invest our energy and financial resources in prevention. It is better to invest in avoiding new situations like this than to resort to this situation", stated the president of CIP, recalling that many systems are increasingly dependent on a few systems.
The president of the Portuguese Confederation of Commerce and Services (CCP), João Vieira Lopes (who, like Armindo Monteiro, spoke on the sidelines of the 2nd edition of the annual labor conference, promoted by the digital newspaper Eco), stated that it was "extremely difficult" to calculate the value of losses.
"We know that there are losses [but] we have no complaints that quantify them", stated João Vieira Lopes, referring that these occurred mainly in the food sector, due to the interruption of the cold chain.
Without demanding any public support in response, João Vieira Lopes said, however, that if some community funds were made available, the Government should create a measure that would compensate losses to those who could prove them.
A widespread power outage affected Portugal and Spain on Monday, starting at 11:30, and the authorities have yet to provide an explanation.
Closed airports, transport and traffic congestion in large cities and a lack of fuel were some of the consequences of the blackout.
The power outage is believed to have caused 15 million euros in losses to the food industry, in areas that cannot be recovered, according to estimates by the Portuguese Business Confederation (CIP).
"At the moment, especially in the agri-food industry, we are recording losses that are not recoverable," CIP president Armindo Monteiro told Lusa, adding that the estimate of losses (15 million euros) was made taking into account a normal working day and the time of the power outage, with this value being an average that has some flaws in its measurement.
Armindo Monteiro also specified that the issue at hand includes, for example, dairy products or others that are used to incorporate into products and that in a blackout of the size and duration of the one recorded on Monday are impossible to recover.
Regarding the response to affected companies, and noting that some situations will be covered by insurance, Armindo Monteiro stresses that public efforts and resources should focus mainly on prevention.
"We should invest our energy and financial resources in prevention. It is better to invest in avoiding new situations like this than to resort to this situation", stated the president of CIP, recalling that many systems are increasingly dependent on a few systems.
The president of the Portuguese Confederation of Commerce and Services (CCP), João Vieira Lopes (who, like Armindo Monteiro, spoke on the sidelines of the 2nd edition of the annual labor conference, promoted by the digital newspaper Eco), stated that it was "extremely difficult" to calculate the value of losses.
"We know that there are losses [but] we have no complaints that quantify them", stated João Vieira Lopes, referring that these occurred mainly in the food sector, due to the interruption of the cold chain.
Without demanding any public support in response, João Vieira Lopes said, however, that if some community funds were made available, the Government should create a measure that would compensate losses to those who could prove them.
A widespread power outage affected Portugal and Spain on Monday, starting at 11:30, and the authorities have yet to provide an explanation.
Closed airports, transport and traffic congestion in large cities and a lack of fuel were some of the consequences of the blackout.
Diario de Aveiro