Enel sets EUR 630 million for investment by 2019


December 4, 2015





December 4, 2015




In late November, a financing programme for energy distribution networks in Romania was announced by Italian-based company Enel SpA to be implemented by 2019, according to a report published on the Diplomat’s portal.

The company’s aim is to increase its customer base from 2.7 million to 2.9 million consumers. “Through the investment we have made in green energy we have achieved our targets in terms of the number of green certificates,” said Francesco Starace, head of the group. “We don’t want to create an excess. I would say that we are in balance and we are satisfied with what we have at the moment.” He expressed belief the results wouldn’t be visible sooner than 2017.

Aside from development projects, Enel is known for its legal dispute with the government in which the Italian entity was sued for damages of EUR 521 million for the 23.6% stake that the Romanian state holds in the former electricity distribution company Electrica Muntenia Sud. Enel is the largest private energy distributor in Romania, featured in three regions: South Muntenia, Dobruja and Banat, the article said.

Related Articles

Solar power generation to increase ten times in Montenegro energy balance

Solar power generation to increase tenfold in Montenegro next year

25 November 2022 - According to the estimate in the Energy Balance of Montenegro for 2023, electricity production will drop 12.63% this year

Austria can reach 1,2 GW with additional solar in 2022

Austria set to add over 1 GW in solar power in 2022

25 November 2022 - Austria is on track to install more than 1 GW in photovoltaics this year and as much as 1.5 GW every year

Four times more installed power plants in North Macedonia in 2022

North Macedonia’s regulator issues 200 licenses for renewable electricity plants in 2022

25 November 2022 - The Energy and Water Services Regulatory Commission issued 200 licenses this year for electricity production from renewable sources

Albania applications solar power 151 MW

Albania receives applications for solar power projects of 151 MW in total

25 November 2022 - Applications for solar power projects sent to the Ministry of Infrastructure and Energy of Albania include one of the largest ones so far, for 93 MW