Enel says committed to $3.8 bln Slovak investment

Tuesday, November 4, 2008

MOCHOVCE, Slovakia, Nov 3 (Reuters) - Italy's utility Enel SpA plans to spend around 90 billion crowns ($3.8 billion) in Slovakia through its 66 percent-owned power generator Slovenske Elektrarne, Chief Executive Fulvio Conti said on Monday.

Conti said the company may reassess other Slovak investment plans worth another 20 billion crowns.

The main part of Enel's overall investment is the completion of two units at the Mochovce nuclear power station in southwestern Slovakia. All Slovak investments are to be financed from Slovenske Elektrarne cash flow, Enel said.

Posted in |