Endesa (NYSE:ELE)
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ENDESA Europa:
-- ENDESA has acquired 50.1% of Centro Energia Teverola and
Centro Energia Ferrara, owners of the CCGT plants.
-- The plants each have capacity of 150MW and annual output of
around 2,000GWh.
-- Through these acquisitions, ENDESA will have installed
capacity of c.7,000 MW in Italy, making it the third largest
operator in that country.
-- These operations reinforce ENDESA's presence in the European
market, where it is leveraging profitable growth opportunities
in energy generation and trading. They are also a step further
in its European strategy.
ENDESA Europa, wholly owned by ENDESA (NYSE:ELE), has acquired
50.1% of Centro Energia Teverola and Centro Energia Ferrara from the
Italian companies MERLONI INVEST, MPE and FINELDO. Centro Energetico
Teverola has a combined cycle plant located in the Emilia Romana
region in the north of Italy and Centro Energetico Ferrara has a plant
in Campania, in the south of the country.
Foster Wheeler Italiana also holds a 42% stake in the two
companies.
These companies have around Euro 200 million of assets, of which
ENDESA will secure 58.35%.
The plants both have installed capacity of 150MW, meaning that
ENDESA Europa will obtain 300MW of new combined cycle capacity in the
operation, putting its total combined cycle capacity in Italy at
2,700MW.
These plants have an output of around 2,000GWh a year, which will
come on top of Endesa Italia's 23,362GWh production last year and
allow the group to cover its energy supply requirements in this
country.
This operation reinforces ENDESA's presence in the European
market, where it is leveraging profitable growth opportunities in
energy production and trading.
In addition, the acquisition of these two plants is a huge step
forward in ENDESA's European strategy and falls within the framework
of its Business Plan, which envisages the installation of almost
1,100MW in Italy through to 2009. The acquisition of this new capacity
is also part of ENDESA's strategic plan.
ENDESA in Italy and Europe
ENDESA's controlling stake in Endesa Italia, the third largest
generator in that country with installed capacity of 6,590 MW, will be
reinforced by the 300 MW of capacity now acquired, giving the group a
significant position in one of the most attractive and strategically
important markets in Europe.
Its generation assets include several thermal plants: Tavazzano
(1,840 MW), Monfalcone (976 MW), Ostiglia (1,530 MW), Fiume Santo
(1,040 MW) and Trapani (170 MW); the Terni (530 MW), Cotronei (369 MW)
and Catanzaro (115 MW) hydroelectric plants and the Florinas (20 MW)
and Lardino (14 MW) wind farms.
These plants achieved a net output of 23,362GWh in 2005, with the
company posting sales of 30,911GWh.
Also in Italy, ENDESA Europa and ASM Brescia have initiated the
Scandale plant project for the construction of two 400MW CCGT plants
producing electricity and heat. The plant is scheduled to come
on-stream in 2008.
In other news, ENDESA Europa has already obtained the permits to
construct a re-gasification plant at Livorno, with authorised
re-gasification capacity of around 4 billion cubic metres a year.
It addition to Italy, ENDESA has operations in France, Poland and
Morocco, and its installed capacity in Europe stands at around 10,000
MW - making it the only Spanish utility with a significant presence in
the European market.
We highlight ENDESA's activities on the interconnections between
Spain, France, Germany, Holland, Belgium, Denmark, Italy and Slovenia.
* This document may contain certain forward-looking statements
regarding anticipated financial and operating results and statistics
that are subject to risks and uncertainties as well as to material
risks, changes and other factors which may be difficult to predict,
including, without limitation, those factors described in the
Documento de Registro de Acciones of Endesa filed within the Comision
Nacional del Mercado de Valores and in the Form 20-F of Endesa filed
within the Securities and Exchange Commission, both for the fiscal
year ended December 31, 2005. For all of these forward-looking
statements, we claim the protection of the safe harbour for
forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995.