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Enel Nuclear Overview

Enel has an interest in Nuclear Power Plant Operations in Slovakia and Spain through its shareholdings in Slovenske Elektrarne and Endesa.

In so far as Enel is involved in other nuclear activities these are either potential or actual construction projects without any controlling interest and without material influence over operation. Enel’s entry into such arrangements and its continued involvement is therefore predicated upon a satisfactory a priori determination (“due diligence”) and continued monitoring of the satisfactory safety and environmental management performance, actual and prospective of the responsible operator in accordance with the Enel Group Nuclear Policy .

In practice this governance is exercised through Enel’s role as Shareholder in the respective companies and verified through independent Nuclear Oversight monitoring. Therefore as a Shareholder, Enel looks to these companies to have adopted and implemented appropriate policies and procedures which are consistent with the aims of the Enel Group Nuclear Policy.

In the unique case of the contractual arrangements with EDF for Enel’s participation in the Flamanville 3 project, Enel is not a shareholder but has a substantial observer role at the heart of the project management structure as well as having staff assigned to many key positions. In addition, specific contractual provisions facilitate Enel’s access to EDF Know-How relating to the project. Through these arrangements, there is sufficient transparency for Enel to take a view on the applicable EDF policies and procedures and their consistency with Enel Group Nuclear Policy.

Within the global nuclear community, Enel is an active player with full membership of both WANO Moscow Centre and dual representation at WANO Paris Centre through both of Endesa - ANAV and Enel spa (Italy). Enel is an active sponsor of Seminars and Conferences related to Nuclear Safety and RadioProtection (e.g. October 2011 Rome - IAEA Regional Workshop on Practical Methods on Self-Assessment of Safety Culture) and various nuclear educational initiatives at both national (Spain, Italy & Slovakia) and European levels.

Last update 13/01/2012