ENDESA at II Spanish-Chinese Business Summit in Beijing Organised by CEOE

  
    
  
  
    
      ENDESA (NYSE:ELE) is participating in the II Spanish-Chinese 
      Business Summit in Beijing taking place today. The event, part of a 
      series of activities promoting Spain in China, coincides with the visit 
      of the King and Queen of Spain. Its main objective is to show the 
      extensive international experience of Spanish companies and to showcase 
      Spain as a possible technological and industrial partner in future 
      development of the Chinese economy.
    
    
      This second business summit between the two countries was organised by 
      the CEOE, the Spanish employers' organisation, in collaboration with the 
      Foreign Trade Institute and the Council of Chambers of Commerce, in 
      close co-ordination with the Chinese Council for the Promotion of 
      International Trade and other official and business organisations.
    
    
      ENDESA in China
    
    
      China is a vital platform for identifying and supporting CDM projects to 
      reduce emissions as part of ENDESA's off-setting strategy. In this 
      regard, in September ENDESA concluded the purchase from Chinese 
      companies Huaneng and Jiuquan Sanyuan Hydro Power of 100% of their 
      certified reductions in greenhouse gases from three wind farms and a 
      hydro plant in China in 2006 – 2012, which 
      could reach a total of 2.7 million tonnes of CO2.
    
    
      The agreement covers CDM projects at three wind farms (Changdao, Qidong 
      and Weihai) belonging to the Huaneng company and which have a combined 
      capacity of 188 MW and one at the Gansu hydro plant which is owned by 
      Jiuquan Sanyuan Hydro Power Development and has 26.55 MW capacity.
    
    
      The reductions obtained from these projects are measured by UN 
      accredited entities and can be used to meet ENDESA’s 
      greenhouse gas reduction targets as established in the Kyoto Treaty.
    
    
      “Endesa Climate Initiative”
    
    
      This operation reinforces ENDESA’s position as 
      one of the leading private carbon credit purchasers via the Endesa 
      Climate Initiative, a pioneering initiative for purchasing carbon 
      credits. In 2006, ENDESA signed agreements and letters of intent for CDM 
      projects representing 108 million tonnes of CO2.
    
    
      Endesa Climate Initiative is ENDESA Group’s 
      B2B initiative to promote and purchase reductions in greenhouse gas 
      emissions by means of mechanisms established under the Kyoto Treaty. 
      Through this programme the Company is also committed to creating 
      additional value for companies which generate emissions reductions 
      through a flexible and swift approach, consultancy and cooperation, as 
      well as through attractive conditions for each of the contracts.
    
    
      ENDESA considers sustainable development as a growth opportunity 
      maintaining commitment to: its social responsibility to the communities 
      in which it operates, efficient use of resources, its responsibility to 
      protect the environment and create wealth for investors, employees and 
      clients. Spanish facilities owned by ENDESA reduced CO2 emissions by 
      27.9% between 1990 and 2006. Endesa's CO2 emissions in 2007 will be 35% 
      lower than levels in 1990.
    
    
      * 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 Comisión 
      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, 2006. 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.