ENDESA Cuts Its Electricity Interruption Time by 35% in July
27 August 2005 - 1:22AM
Business Wire
ENDESA (NYSE:ELE): -- The Company significantly improved the
quality of supply in the mainland markets of Andalusia, Aragon and
Catalonia, where the system average interruption duration indices
(SAIDI) improved by 49%, 44% and 18%, respectively. -- YTD,
ENDESA's SAIDI stands at 1:19 for all of Spain, 15% lower than in
2004. -- The improvement bears out the Company's investment
efforts, with Euro 2,000 million having been spent on its Spanish
distribution business in 2004-2005. ENDESA's (NYSE: ELE) system
average interruption duration index (SAIDI) fell 35% yoy in July,
to nine minutes. Vast improvement was made in the SAIDI for its
operations in Andalusia, Aragon and Catalonia, with decreases of
49% (12 minutes), 44% (7 minutes) and 18% (6 minutes),
respectively. In the year so far, ENDESA has lowered its SAIDI for
Spain by 15%. This improvement underscores the Company's investment
efforts in the areas where it offers its services. In light of the
significant growth in electricity demand since 2002 - well above
both the national average and topping forecasts - ENDESA spent more
than a billion uros in 2004 on various projects and initiatives to
enhance its Spanish electricity distribution infrastructure. For
2005, ENDESA has earmarked more than Euro 1 million of investment
on distribution as part of its 2005-2009 Strategic Plan, which
entails Euro 10.3 billion of investment in Spain and Portugal. The
investments, part of ENDESA's commitment to providing excellent
service quality, have been greatest in Catalonia and Andalusia,
with Euro 409 and Euro 407 million, respectively, representing a
combined 77.3% of the total planned investment in distribution.
Investment totaled Euro 96 million in Aragon, Euro 71 million in
the Balearic Islands and Euro 72 million in the Canary Islands. The
sharp annual increase in investment in distribution has helped
ENDESA considerably to rollout its plans for enhancing the
electricity distribution networks in Andalusia, via the Alborada
Plan (2004-2005) and in Catalonia, via the Tramuntana Plan
(2004-2006), as well as undertake a series of initiatives in Aragon
and in the Balearic and Canary Islands. These investment projects
mark a further step in ENDESA's commitment to considerably enhance
and enlarge its Spanish distribution grid, in which it invested
Euro 2,970 million between 1999-2003, according to figures from
UNESA.
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