Italy's Enel to invest EUR 800mn in Romania by 2015.

By bne IntelliNews March 16, 2011
Italian utility group Enel will invest EUR 800mn in Romania by 2015, primarily in strengthening efficiency processes and initiatives to expand its customer base, the company's news release on its 2010 financial results said. Enel operates an electricity distribution network, develops wind power capacities and is the sole foreign company, still involved in the government's EUR 4bn project for the construction of units 3 and 4 of the Cernavoda nuclear plant. Out of the total, EUR 500mn will be invested in new 400MW wind power capacities, Mediafax quoted the company's CEO Fulvio Conti as saying at a news conference in London. Enel currently operates wind power capacities of 64MW in Romania.

Related Articles

Romania to spend EUR 37mn in 2013 to close down loss-making coal mines.

Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more

Romanias Hidroelectrica sells nearly 0.3TWh of electricity on free market.

Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more

Romania to start privatisation of cargo railway company on April 6-8.

The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss