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16 March 2007 - Italian utility Enel and Rosatom, the Russian nuclear energy agency, have signed a memorandum of intent on the development of the electricity sector and nuclear power generation in Russia and in central and eastern Europe.

Enel stated that, in particular, the company was hoping to work with Rosatom to jointly develop nuclear power generation, jointly take part in the management of electricity systems and jointly invest and participate reciprocally in nuclear assets.

Fulvio Conti, Enel's CEO, said: "Our interest in the project is enhanced by the fact that Rosatom signs a memorandum of intent with a private company for the development of the nuclear sector in Russia and in central and eastern Europe. We consider Russia's experience and technologies in this sector to be of great interest for the implementation of our joint plans."

Enel cannot use nuclear energy in Italy due to the country's nuclear phase-out laws, the company has been actively seeking partners in other areas of Europe in order to pursue nuclear projects.

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