Enel SpA News

Enel , Italy's largest power company, posted a small drop in first-quarter profit as the European debt crisis dampened electricity demand in Italy and Spain.

Enel Green Power SpA , one of Europe's biggest renewable energy companies, said Wednesday its first-quarter net profit fell 28% on the year due to poor operating conditions at some hydroelectric plants, higher financial costs and special charges related to the increase in installed capacity.

Italy's biggest utility Enel said on Wednesday that Argentina remained a strategic country for the utility as a spat between Europe and Buenos Aires over asset expropriation escalates.

Italy's ENEL has expressed interest in the Trans-Adriatic Pipeline project that aims to transport natural gas from the Caspian Sea to Italy via Greece and Albania, local media reports.

Italian oil major Eni has a long tradition of doing business in Russia. It was one of the first European industrial groups to establish and develop economic and commercial relations with the former Soviet Union in the middle of the last century, when Eni's founder Enrico Mattei began cutting energy deals and bartering engineering services for crude ... (more)

Italy's biggest power producer Enel is interested in joining the Trans Adriatic Pipeline gas project as Italy moves ahead with plans to turn itself into a gas hub, Enel CEO Fulvio Conti said on Wednesday.

Italian utility Enel's Russian unit OGK-5 said on Wednesday it would not pay a dividend on 2011 results.

The strong and unexpected growth in renewable energy lowered power generation margins in the top two markets for Italian utility Enel SpA , said Chairman Paolo Andrea Colombo Monday.

Electricity consumption in Italy will not get back to the levels seen before the crisis until 2014 at the earliest, Fulvio Conti, chief executive of Italian utility Enel said on Monday.

China is starting to approve emission credits after a seven-month freeze, stoking speculation a glut that's contributed to an unprecedented decline in European carbon prices will keep growing.

The European Commission yesterday announced having approved the 42.5-billion joint offer for Spanish power utility Endesa SA by Italian utility Enel SpA and Spanish infrastructure group Acciona SA.

Mumbai: Enel SpA, Italy's biggest power utility, has raised its stake in Russian power generation group OAO OGK-5 to 59.8 per cent from 37.2 per cent earlier.

Italy's oil and gas major Eni and its partners have started gas production at the Samburg field in Russia's western Siberia as the group aims to boost its clout in the largest natural gas producing region in the world.