By Cristina Roca

EDP-Energias de Portugal S.A. (EDP.LB) said Thursday that it is booking a one-off impairment cost due to the lower competitiveness of its coal plants in the Iberian peninsula.

The Portuguese energy company said it will book a 300 million-euros ($333.8 million) charge in 2019.

In September, Spain's Endesa S.A. (ELE.MC) said it intended to discontinue all its coal thermal power plants in peninsula and book an impairment of up to EUR1.3 billion.

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

(END) Dow Jones Newswires

December 19, 2019 11:48 ET (16:48 GMT)

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