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19 October 2004 - Spanish utility Endesa is to increase its investment in the country's distribution system - some 40 per cent more in 2004 than the rest of the Spanish utilities did last year as a whole.
Endesa has invested €542m ($678m) through to August, an advance of 45.3 per cent on the same period last year. In the first eight months of the year Endesa has brought into operation 97 new transformer plants, 3986 transformer centres and 7380 km of distribution line.
The company said it has improved its supply quality rating by 24 per cent since January 1, while electricity consumption in its main markets has increased by 4.7 per cent year on year.
Of all the Spanish utilities Endesa has invested the most in distribution (€3.5bn) since the sector was deregulated and has plans to invest over €5bn over the next five years.
Endesa has earmarked €1122m for its electricity distribution system in Spain this year, an advance of 43.6 per cent on the same period in 2003.
Endesa 's investments are aimed at meeting the growing demand in its markets and improving the security and quality of its supply. Over the past year, customers supplied by Endesa have increased by a quarter of a million, while electricity demand in the markets where the group operates has risen by 4.7 per cent. Despite this rise, the Company's supply quality rating has increased by 24 per cent since January 1.
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