Enel, Italy’s biggest utility, plans to invest some EUR 630 million in Romania in the next years, on the infrastructure and networks, according to calculations made based on the data presented by Livio Gallo, Director of Infrastructure and Networks at Enel, in company strategic plan ahead of its capital markets day in London on Wednesday, agerpres.ro informs.
Overall, according to Italian media, Enel is increasing its capital expenditure by EUR 2.7 billion to EUR 17 billion for the 2016 to 2019 period.
Last year, 3 percent of the operating profit of the infrastructure and distribution division of Enel Group was achieved in the Romanian market, where the company has 2.7 million users. The amount of distributed energy amounted to 14 TWh.
According to Gallo, one of Enel’s main objectives is to improve the quality of services, last year the power outages ranging from 2,091 minutes/year in Argentina and 39 minutes/year in Italy. In Romania it was 238 minutes/year.