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Article: ENDESA To Invest Euro 3.429 Billion in 2005, 7% More Than in 2004.
- Article from:
- Business Wire
- Article date:
- July 6, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- ENDESA (NYSE:ELE)
--73% of the total figure (Euro 2.5 billion) is earmarked for Spain and Portugal, 15.5% will be spent on Latin America and 11.5% on Europe.
--Of the Euro 2.5 billion earmarked for Spain and Portugal, Euro 1.327 billion will be invested in the generation business and Euro 1.107 billion in distribution and supply networks.
--Euro 534 million will be invested in Latin America and Euro 395 million in Europe.
--Capex planned for this year is part of the Strategic Plan for 2005-2009, which calls for net overall investment of around Euro 14.6 billion.
ENDESA (NYSE:ELE) is set to increase capex in 2005 by ...