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 Teleborsa S.r.l. - with registered office in Rome, at 4 Piazza Priscilla - as per CONSOB authorization and resolutions n. 22517 and 22518 of November 23, 2022.
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.