Enel SpA News

Italian utility Enel SpA is willing to pay an additional sum for the majority stake in Slovak power producer Slovenske Elektrarny AS that it acquired from the Slovak government in 2006, a company spokeswoman said Monday.

Argentina's dramatic recovery after the break-up of the dollar/peso peg in late 2001 is often used as support for the proposition that Greece could bounce back more quickly from a euro zone exit more quickly than is usually assumed and that there is an alternative to the usual IMF trudge back to prosperity.

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.