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 Enel is Italy’s largest power company, and Europe’s third-largest
listed utility by market capitalization.
Enel has been listed in the Milan and New York stock exchanges since 1999, and currently has the largest number of shareholders
of any European company, at some 2,3 million.
It has a market capitalization of about EUR 41 billion at current prices.
Key facts
Enel distributes and sells electricity mostly in Europe and the Americas.
In the power business, Enel is the third-largest European
capacity-generating operator, with 53,000 MW and among
the world’s leading-companies in renewables.
In Italy, Enel has about 32 million electricity customers.
Enel is also the second-largest Italian distributor and vendor
of natural gas, with over 2,5 million customers and a 12% market share.
The company has about 60,000 employees and operates
67 thermal plants, 623 hydro facilities, 32 geothermal plants,
45 wind farms, 4 photovoltaic plants, and 2 nuclear plants
in addition to more than a million kilometres of power lines,
both in Italy and abroad.
In 2005, Enel posted revenues of 34 billion euros, an EBIT of 7,7
billion euros and a net income of 3,9 billion euros.
Enel was the first utility in the world to replace its customers’
traditional electromechanical meters with modern electronic devices,
making it possible to take meter readings in real time
and manage contractual relationships remotely.
Thanks to its Code of Ethics and Sustainability Report, its environmental
protection policy, and the adoption of international best practices
for transparency and corporate governance, Enel has been included
in the world’s most selective ethical indices, such as the FTSE4Good
and the Dow Jones Sustainability Index.
Same energy, different places
Having completed the sale of non-core
assets, Enel is now actively seeking expansion
in the international power and gas market.
In Spain, Enel is active in generation, distribution
and sale of electricity with Enel Viesgo, which
has an installed capacity of about 2,400 MW;
and Enel Union Fenosa Renovables, a company active
in the wind and hydro power sector.
In Bulgaria, Enel acquired control of one
of the country’s largest power plants, Maritza East III,
in March 2003. The lignite-fired facility has
a capacity of 840 MW.
In Slovakia, in February 2005, Enel acquired 66%
of Slovenske Elektrarne (SE), the largest electricity
producer in the country, and the second-largest
in Central and Eastern Europe, with a generation capacity of 7,000 MW, from a mix of nuclear,
thermal and hydro assets.
In Romania, Enel secured two electricity distribution companies Enel Electrica Banat and Enel Electrica Dobrogea, which supply a total of 1,4 million customers, or 20% of the Romanian market.
In Russia, Enel entered the country’s natural gas market and took over the operation, in partnership with the local private group ESN Energo
of the North-West Thermal Power Plant in
St. Petersburg, in June 2004.
The gas-fired combined-cycle plant has a capacity
of 900 MW. Enel has also signed a Memorandum
of Understanding with the ESN Group for
the acquisition of RusEnergoSbyt, a Russian trader
providing electricity to major industrial customers.
In Greece, Enel acquired 75%
of Enelco S.A.
Thanks to Enel North America and Enel
America Latina, two companies with an installed
capacity of more than 5,000 MW, Enel is
one of the largest independent operators
in the Americas, as regards renewables.
With 19,000 MW generated in plants
using renewable energy resources
(hydro, geothermal, wind, solar and biomass)
across the world, Enel is a world
leader in the sector.
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