ENDESA Gas' New Jerez de la Frontera - Puerto de Santa Maria (Cadiz) Gas Pipeline Comes on Stream after Investment of Euro 3.25
18 November 2005 - 4:56AM
Business Wire
ENDESA (NYSE: ELE): -- This piece of infrastructure represents the
first step in the construction of a gas pipeline network which will
enable natural gas delivery directly to the Bay of Cadiz. The next
steps include the stretches joining Puerto de Santa Maria - Puerto
Real - San Fernando and Puerto de Santa Maria - Rota - Chipiona --
The 16.6km long pipeline enables ENDESA Gas to extend supply to new
towns in the Bay of Cadiz. ENDESA Gas already has over 4,000
customers and over 5,000 new supply requests in the area which will
be attended to in the near future. -- The pipeline will expand the
Andalusian community's natural gas pipe and transmission
infrastructure to meet the expected increase in demand and
reinforce the mainland transmission system. ENDESA Gas, wholly
owned by ENDESA (NYSE: ELE), has launched its new gas pipeline in
the Spanish province of Cadiz joining Jerez de la Frontera with El
Puerto de Santa Maria, entailing investment of Euro 3.25 million.
This piece of infrastructure represents the first step in the
construction of a gas pipeline network which will enable natural
gas delivery directly to the Bay of Cadiz. The next steps include
the stretches joining Puerto de Santa Maria - Puerto Real - San
Fernando and Puerto de Santa Maria - Rota - Chipiona. This first
pipeline entailed investment of Euro 3.25 million and it will
operate at a pressure of 45 bar. However, the construction plans
already contemplated that when warranted by demand and the
pertinent permits are granted, the pressure can be increased to 80
bar, at which point the pipeline will become part of the primary
transmission system's basic infrastructure. The pipeline will allow
ENDESA Gas's subsidiary, ENDESA Gas Meridional, distribution
operator in Andalusia, to expand its market to supply new towns in
the Bay of Cadiz. ENDESA Gas Meridional already has over 4,000
customers and over 5,000 new supply requests in the area which will
be attended to in the near future. The pipeline, which falls under
the auspices of the specific collaboration agreement signed on 6
November 2003 between the Andalusian regional government and ENDESA
Gas Transportista to pipe natural gas to cities where it is
currently not available, in accordance with the general guidelines
of the Andalusia Energy Plan for 2001-2006. The next steps, already
planned for the province of Cadiz, will stem from this pipeline.
The construction of these new gas pipelines will begin as soon as
the pertinent authorisations have been obtained from the Andalusian
regional government: -- The Puerto Real - San Fernando pipeline
will be 24.5km long, require investment of Euro 7.3 million and
supply the cities of Puerto Real, San Fernando and Chiclana de la
Frontera. -- El Puerto de Santa Maria - Rota - Chipiona pipeline
will be 32km long, entail investment of Euro 8.4 million and supply
the cities of Rota, Chipiona and Sanlucar de Barrameda. The
construction of these gas pipelines forms part of ENDESA's
transmission infrastructure plan to supply natural gas to the Bay
of Cadiz, allowing the group to increase its natural gas pipeline
and transmission infrastructure in Andalusia to meet anticipated
increases in demand and to reinforce the mainland transmission
system. * 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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