Rome, 21 December 2007 - Enel and F2i have announced the signing of a memorandum of understanding to assess joint investments in gas storage projects in Italy.
Enel and F2i are already at work studying a number of initiatives that could get under way in the early months of 2008. Specifically, the two partners are assessing the feasibility of developing storage capacity with an estimated volume of at least 500 million cubic metres. The investment required comes to nearly 250 million euros.
The agreement with F2i will give Enel sufficient storage capacity to meeting the winter gas demand of its customers and its thermal generation plants. With current infrastructure inadequate, the development of new storage facilities, alongside the other projects already launched by Enel, such as expanding import capacity and diversification of the fuel mix, is a strategic priority to ensure optimal and secure supplies to meet domestic demand.
The Fondo F2i Fondi italiani per le infrastrutture is Italys first closed-end investment fund. The Fund, which at the first closing already had initial assets of more than 1.5 billion euros, is seeking to play a key, long-term partnership role in Italys infrastructure sector.
Enel is the leading electricity company in Italy and number two in Europe, with more than 75,000 MW of installed capacity and more than 52 million customers in 21 countries around the world. Enel is also the second-largest natural gas operator in Italy, with a market share of about 15%.
For the dissemination to the public and the storage of regulated information made available to the public, Enel S.p.A. has decided to use respectively the platforms “eMarket SDIR” and “eMarket Storage”, both available at the address www.emarketstorage.com and managed by Spafid Connect S.p.A. with registered office in Milan, at Foro Buonaparte, 10. The aforementioned services are authorized by Consob (resolution No.19878 of February 15th, 2017, related to the mechanism for the dissemination to the public of regulated information “eMarket SDIR” and resolution No. 19879 of February 15th, 2017, related to the mechanism for the central storage of regulated information “eMarket Storage”).
From May 19th 2014 to June 30th 2015, Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by Consob with resolution No. 18852 of April 9th, 2014.