ENDESA Acquires 26.6% of the Interconnection Capacity between Italy and France Put Out to Tender by the System Operators of Both
March 06 2007 - 11:48AM
Business Wire
ENDESA (NYSE:ELE) has acquired 275 MW of the interconnection
capacity between France and Italy put out to tender by the Italian
and French transmission network operators, GRTN and RTE. This
acquisition, which corresponds to ENDESA�s specific capacity
requirements, represents 26.6% of the total capacity put out to
tender by both operators in March. In this auction, which took
place after the decision taken at the end of 2004 by the French
grid operator (RTE) to auction off part of the interconnection
capacity between Italy and France, the total base capacity offered
was 1,034 MW in March. The final base price was Euro 31.23/MWh. The
energy allotted to ENDESA has allowed the group to modulate and
provide coverage for electricity demand in the Italian market. This
operation add value to ENDESA�s operations in Italy and France,
where it is leveraging profitable growth opportunities with energy
trading. It also represents a further step in the implementation of
the Company�s European strategy, optimising its capacity to manage
energy in trans-national markets, as it has been doing between
countries such as Italy, Spain, France, Slovenia, Switzerland,
Germany, Holland and Denmark. * 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 Comisi�n 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, 2004. 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.
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