Profile

Enel is Italy’s largest power company, and one of Europe’s main listed utilities. It is an integrated player, active in the power and gas sectors. Enel today operates in 40 countries worldwide, has over 97,000 MW of net installed capacity and sells power and gas to around 61 million customers.

Business Overview

In 2011, Enel posted revenues exceeding 79.5 billion euros, EBITDA above 17.7 billion euros and net ordinary income of around 4.1 billion euros. As of December 31st, 2011, the Group has over 75,000 employees and operates a wide range of hydroelectric, thermoelectric, nuclear, geothermal, wind-power, photovoltaic and other renewables plants. About 42% of the power generated by Enel is carbon free. 

Enel is strongly committed to the development of renewable energy sources and to the research and development of new environmental friendly technologies. Enel Green Power is the Group’s publicly listed Company dedicated to the development and management of power generation from renewable energy, operating over 7,000 MW of installed capacity relying on hydro, wind, geothermal, solar, biomass and co-generation sources in Europe and the Americas.

Enel was the first utility in the world to replace its 32 million Italian customers’ traditional electromechanical meters with modern electronic devices that make it possible to take meter readings in real time and manage contractual relationships remotely. This innovation, which is key to the development of smart grids, has attracted interest from many utilities around the world. In Spain, Endesa is installing 13 million electronic meters to its customers. This operation will be completed by 2015.

Shareholding Structure

Listed on the Milan stock exchange since 1999, Enel has the largest number of shareholders of any Italian company, with about 1.4 million retail and institutional investors. The most important of Enel’s shareholders is the Italian Ministry of Economy and Finance with 31.24% of the Company. Thanks to its Code of Ethics, Sustainability Report, its environmental protection policy and the adoption of international best practices for transparency and corporate governance, Enel’s shareholders include leading international investment funds, insurance companies, pension funds and ethical funds.

Global Presence

After having completed its international expansion, Enel is now actively engaged in consolidating the acquired assets and further integrating its businesses. 

The Enel Group is present in 40 countries over 4 continents.

 In Spain, Enel owns 92.06% of the share capital of Endesa, the leading power company in the country and the number one private power company in Latin America. Furthermore, Enel Green Power operates in the renewables field in Spain and Portugal. Enel, through Enel Green Power, is one of the largest renewable independent operators in the Americas with Enel Green Power North America and Enel Green Power Latin America, two companies that have around 1,700 MW of combined installed capacity.

 In North America Enel Green Power North America has more than 1,000 MW of hydroelectric, geothermal, wind and biomass power generation. 

In Latin America Enel Green Power Latin America operates 669 MW of wind and hydroelectric plants.

 Through Endesa, the Enel Group is among the leading players in Latin America with around 16 GW of installed capacity from thermoelectric, hydro and other renewables, of which 4.4 GW in Argentina, 1 GW in Brazil, 5.6 GW in Chile, 2.9 GW in Colombia and 1.8 GW in Peru. 

In France, Enel is present today in the nuclear sector via a 12.5% stake in the new generation Evolutionary Pressurized Reactor (EPR). In the same country, Enel is also present in the renewables sector through Enel Green Power with 166 MW of operational wind farms. 

In the power trading sector, Enel owns around 5% of the French power exchange Powernext. Moreover, the company supplied 11.4 TWh to major French consumers in 2011.

 In Greece, Enel Green Power operates 191 MW from wind, hydro and solar sources.

 In Slovakia, Enel owns 66% of Slovenské Elektrárne (SE), the largest electricity generator in the country, and the second-largest in Central and Eastern Europe, with a generation capacity of 5,401 MW through a well-balanced mix of nuclear, thermal and hydro assets.

 In Romania, Enel sells electricity through Enel Energie and Enel Energie Muntenia. It distributes electricity through Enel Distributie Banat, Enel Distributie Dobrogea and Enel Distributie Muntenia. Overall, the group has 2.6 million customers in the country. In the same country, Enel Green Power operates in the renewables sector, with 269 MW of installed wind capacity.

 In Russia, Enel is a vertically integrated operator from upstream gas to generation and sale of electricity. In the upstream sector, through SeverEnergia (a consortium in which Enel holds 19.6%) Enel operates a group of promising natural gas fields. Furthermore, Enel owns 56.43% of Enel OGK-5, formerly known as JCS Fifth Generation Company of the Wholesale Electricity Market (“OGK-5”). Enel OGK-5 has four thermoelectric power plants for 9,027 MW. The plants are located in the highest growth rate areas of the country. In the power sale sector, Enel owns 49.5% of RusEnergoSbyt, the most important Russian trader, providing electricity to major industrial customers.

(Unless otherwise indicated, this report relies on data from December 31st, 2011).

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