ENEL 意大利国家电力公司
ENEL是全球第三大电力公司，是意大利国内最大的国有公共事业企业。在《商业周刊》评选的 2003 年度全球股票市值最大的 1000 家公司排行榜中， Enel Spa 名列第 77 位。
意大利国家电力公司是由21家电力、电信、网络、检测企业组成的集团公司，是意大利最大的电力供应商和第二大天然气经销商、供应商。1999年，意大利国家电力公司在米兰和纽约股票交易所同时上市，市值400多亿欧元。该公司已在北京设立了办事处。
Enel is Italy's largest power company and Europe's second-largest utility for installed capacity. It produces, distributes and sells electricity and gas across Europe, North and Latin America. After the acquisition of the Spanish utility Endesa, together with partner Acciona, Enel has now a presence in 21 countries with approx. 80.000 MW of generating capacity and serves about 50 million power and gas customers. Listed on the Milan stock exchange since 1999, Enel has the largest number of shareholders of any Italian company, at some 1.7 million retail and institutional investors.
BUSINESS OVERVIEW
Enel is also the second-largest Italian distributor and vendor of natural gas, with over 2.3 million customers and a 12% market share. The company has 58,548 employees and operates a wide range of hydroelectric, thermoelectric, nuclear, geothermal, wind-power, and photovoltaic power stations.
In 2006, Enel posted revenues of 38.5 billion euros, EBITDA of 8 billion euros and net income of 3 billion euros. Enel was the first utility in the world to replace its Italian customers’ traditional electromechanical meters with modern electronic devices that make it possible to take meter readings in real time and manage contractual relationships remotely. This innovation has enabled Enel to implement time-of-use electricity charges, which offer customer savings for evening and weekend electricity use, an initiative that has attracted interest from many utilities in Italy and around the world.
INTERNATIONAL OPERATIONS
After having completed the sale of non strategic assets (property, telecommunications, water management ect.) Enel is actively engaged in international expansion in the power and gas market. With 19,000 MW in plants using renewable energy resources (hydro, geothermal, wind, solar and biomass) across the world, Enel is a world leader in the sector.
In December 2006, Enel launched a five-year plan (2007–2011) for the development of renewable energy sources and for research and development of new environmentally friendly technologies with an overall investment of 4.1 billion euros.
Enel is strongly focused on international growth and has a presence in Europe (Bulgaria, France, Greece, Italy, Romania, Slovakia and Spain), North America (Canada and the United States) and Latin America (Brazil, Chile, Costa Rica, El Salvador, Guatemala and Panama). With Endesa, Enel will also be present in Argentina, Colombia, Morocco, Peru and Portugal).
Enel runs operations in Spain in the generation, distribution and sale of electricity with the companies of the Viesgo Group, which has about 2,200 MW in installed capacity, and with Enel Union Fenosa Renovables, a company active in the wind and hydro power sector.
On 1 October 2007, Enel and partner Acciona successfully completed their Joint Tender Offer over Endesa. Enel and Acciona currently hold 92.06% of the share capital of Endesa (Enel 67.05%, Acciona 25.01%).
Enel is one of the largest renewable independent operators in the Americas with Enel North America and Enel Latin America, two companies that have about 1000 MW of installed capacity.
In North America Enel has over 400 MW of hydroelectric, wind and biomass power generation and has signed an agreement with the company TradeWind Energy in the US to develop over 1000 MW of new wind power.
In Latin America Enel operates over 600 MW of hydroelectric and wind power plants, including third companies operations in El Salvador and Panama respectively in the geothermal and hydroelectric fields.
In France, Enel has acquired Erelis, a company that has authorizations in several different fields to build wind plants of up to 500 MW. Over more, it has signed a Memorandum of Understanding with Edf to acquire 12.5% of the new nuclear power project European Pressurized Reactor (EPR). Enel owns 5% of the French power stock exchange Powernext and is one of the main operators in energy trading in the country with 1000 MW exchanged in 2006.
In Bulgaria, Enel acquired control of one of the country’s largest power plants, Maritza East 3, in March 2003. The lignite-fired facility has a capacity of 840 MW.
In Slovakia, in February 2005, Enel acquired 66% of Slovenské elektrárne (SE), the largest electricity generator in the country, and the second-largest in Central and Eastern Europe, with a generation capacity of 7000 MW, a mix of nuclear, thermal and hydro assets.
In Romania it acquired 51% of two electricity distribution companies in April 2005: Electrica Banat and Electrica Dobrogea, which supply 1.4 million customers. Further to the acquisition of Electrica Muntenia Sud, the company will double its presence in the Romanian power distribution sector, reaching about 2.5 million customers.
In Russia, Enel managed from June 2004 to September 2007– in partnership with the local private group ESN Energo – the North-West Thermal Power Plant in St. Petersburg. Enel has also acquired from the ESN Group 49.5% of RusEnergoSbyt, a Russian trader providing electricity to major industrial customers. On April 4, 2007, Enel acquired through SeverEnergia (formerly Enineftegaz, a consortium 40% Enel - 60% Eni) a group of promising gas fields including 100% of OAO Arcticgaz, 100% of ZAO Urengoil, 100% of OAO Neftegaztechnologia. Enel also holds a 37.15% stake in JCS Fifth Generation Company of the Wholesale Electricity Market (“OGK-5) is about to launch a public tender offer over the entire share capital of the group.
SHAREHOLDING STRUCTURE
The Italian Economy Ministry holds 21.1% of the company directly and another 10.1% indirectly through state-run lender Cassa Depositi e Prestiti, leaving a free-float of some 68.8%. Thanks to its Code of Ethics, Sustainability Report, its environmental protection policy and the adoption of international best practices for transparency and corporate governance, Enel’s shareholders include leading international investment funds, insurance companies and pension funds, ethical funds, along with Italian retail investors.
