| Add RSS Feed

17 March 2008 - Enel plans to invest $3.1bn in Russia over the next five years, the Financial Times reported, citing chief executive Fulvio Conti.

The funds will be used to upgrade facilities at its Russian OGK-5 power generation company, in which it holds a controlling stake of 60 per cent, and launch production by 2010 at the three gas fields it jointly acquired with Eni, the newspaper said.

Enel expects a return on investment "in excess of 13 per cent" once Russia liberalizes electricity prices for industrial consumers, as it has pledged, by 2011.

| Add RSS Feed

---

More Business Articles >

Search Archives >

Power Engineering Article Categories:

Business		Projects/Contracts
Industry News		Deregulation
Environmental		Русский язык
Power Generation Young Professionals		Honeywell Automation & Control Solutions
Power Engineering International Current Issue Table of Contents
Power Engineering Current Issue Table of Contents
Potencia Current Issue Table of Contents
Nuclear Power International Current Issue Table of Contents
Middle East Energy Current Issue Table of Contents

---

Search Products Buyer's Guide >

Search Industry Jobs >

Magazine & E-Newsletter Subscriptions >