News

Enel sets EUR 630 million for investment by 2019

Published

December 4, 2015

Comments

comments icon

0

Share

Published:

December 4, 2015

Comments:

comments icon

0

Share

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

Energy Community marks 20th anniversary as integration pillar for Southeastern Europe

Energy Community marks 20th anniversary as integration pillar for Southeastern Europe

17 July 2025 - The Energy Community Ministerial Council held its annual informal meeting in Athens, where the organization was founded twenty years ago

serbia hungary mvm maneks energotehnika juzna backa elektromontaza

Hungary’s MVM becomes majority owner of two Serbian firms

17 July 2025 - MVM is the dominant producer, distributor, and supplier of electricity and gas in Hungary, while the two firms were privately owned

Belgrade in focus challenges and solutions for sustainable urban development Ivan Gazdic cms

Belgrade in focus: challenges and solutions for sustainable urban development

17 July 2025 - The author of the feature is Ivan Gazdić, Attorney at Law and Partner at Petrikić & Partneri AOD in cooperation with CMS Reich-Rohrwig Hainz

google brookfield hydropower Safe Harbor ppa us

Google signs world’s largest corporate power purchase agreement for hydropower

17 July 2025 - Brookfield said the Hydro Framework Agreement is the first of its kind and the world’s largest corporate clean power deal for hydro.