Rome, 6 July 2007 Following up on the agreements reached in December 2005, Enel Trade has completed the acquisition of 90% of Nuove Energie Srl, which is developing a regasification terminal at Porto Empedocle (AG).
With the acquisition, Enel confirms its objective of building a new regasification terminal, an essential part of diversifying energy sources, boosting the flexibility of supply and enhancing the security of Italys gas system.
As part of this strategy, Enel has been an active player in the LNG market and already has supplies for the Porto Empedocle plant.
Construction of the plant will involve an estimated investment of more than 600 million euros, with the facility scheduled to enter service in 2011.
The process of obtaining authorisations is at an advanced stage, as the Ministry for the Environment has already issued a positive environmental impact opinion for the land works and given the safety feasibility approval envisaged under the Seveso Law.
Enel CEO, Fulvio Conti, remarked: the Porto Empedocle plant is a leader in safety and environmental impact to date it is the only one to use underground tanks and the construction of the planned marine infrastructure to complete the port will help foster commercial and tourist development for the entire area.
Enel S.p.A. provides for the dissemination to the public of regulated information by using SDIR NIS, managed by BIt Market Services, a London Stock Exchange Group's company, with registered office at Milan, Piazza degli Affari, 6. For the storage of regulated information made available to the public, Enel S.p.A. has adhered, as from July 1st, 2015 to the authorized mechanism denominated “NIS-Storage”, available at the address www.emarketstorage.com, managed by the above mentioned BIt Market Services S.p.A. and authorized by CONSOB with the resolution No. 19067 of November 19th, 2014. 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