Repsol's CEO, Josu Jon Imaz, announced that the company will pursue legal action to recover damages totaling 125 million euros caused by a power outage that occurred on April 28 of last year. This move falls within the year-long timeframe mandated by law for third-party claims related to such incidents. The company will focus on the losses incurred from the power outage across all its industrial sites, emphasizing their belief that the damages are recoverable as previously indicated in their quarterly financial reports.

Additionally, another company, Moeve, is also preparing to file a lawsuit regarding the financial impacts of the power outage on its facilities, which it estimates at around 50 million euros. The concerted legal actions highlight the significant financial implications of the electrical failure experienced on that date, prompting major corporations within Spain's energy landscape to seek legal recourse to mitigate their losses.

The April 28 outage has significant ramifications not just for Repsol and Moeve but also for the broader energy sector in Spain, as it raises questions about the reliability of energy supply and the potential financial repercussions for companies involved. As these legal proceedings unfold, they may lead to deeper scrutiny of energy management practices and regulatory measures in the country, highlighting the need for systemic improvements to prevent such outages in the future.