Uncategorized

Enel gain O&M contract in transmission sell off

25 November 2004 – Enel Viesgo is to sell its high voltage electricity transmission assets to Spain’s national grid operator, Red Eléctrica for €45.6m. The deal will also see Enel Viesgo receive a fee of €1.8m for a three-year Operation and Maintenance contract for the assets being sold.

The transaction will be effective from 1 January 2005, pending authorization by the administrative bodies of both groups.

The two companies are to also cooperate on the development and construction of energy transport and distribution infrastructure in Cantabria, Asturias, Castilla-Leòn and Galicia; the aim being to increase the system’s reliability and improve the quality of distribution.
25 November 2004 – Enel Viesgo is to sell its high voltage electricity transmission assets to Spain’s national grid operator, Red Eléctrica for €45.6m. The deal will also see Enel Viesgo receive a fee of €1.8m for a three-year Operation and Maintenance contract for the assets being sold.

The transaction will be effective from 1 January 2005, pending authorization by the administrative bodies of both groups.

The two companies are to also cooperate on the development and construction of energy transport and distribution infrastructure in Cantabria, Asturias, Castilla-Leòn and Galicia; the aim being to increase the system’s reliability and improve the quality of distribution.