ENDESA Acquires 29% of the Interconnection Capacity between Italy and France Put out to Tender by the French System Operator in
15 November 2005 - 2:49AM
Business Wire
ENDESA (NYSE: ELE): -0- *T ENDESA HAS ACQUIRED 34% OF THE TOTAL
ENERGY PUT OUT TO TENDER IN THE PAST TEN MONTHS, THE EQUIVALENT OF
1,161 GWH OF CAPACITY -- The energy allotted to ENDESA so far this
year has allowed the group to modulate and provide coverage for
electricity demand in the Italian market. -- These operations add
value to ENDESA's operations in Italy and France, where it is
leveraging profitable growth opportunities with energy trading. *T
ENDESA (NYSE: ELE) has acquired 155 MW of interconnection capacity
between France and Italy, which corresponds to its specific
capacity needs. This will amount to 29% of the total capacity put
out to tender by the French grid operator (RTE) in November. This
year, ENDESA has acquired 1,161 GWh of interconnection capacity or
34% of the total energy capacity put out to tender since this
system came into force last January. The energy allotted to ENDESA
during these ten months has allowed the group to modulate and
provide coverage for electricity demand in the Italian market. The
operations carried out between January and September have allowed
ENDESA to manage more than 1,161 GWh of energy, highlighting its
capacity to leverage its position in Italy and France (where it
operates through Snet and ENDESA Italia) to manage energy in
trans-national markets. The acquisitions also add value to ENDESA's
operations in these two countries, where it is leveraging
profitable growth opportunities with energy trading. 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
Comision 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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