Business
Enel produces, distributes and sells electricity and gas all over Europe, North America and Latin America. After taking over the Spanish electricity company Endesa, together with its partner Acciona, Enel is now in business in 40 countries, with a capacity of around 83,000 MW, and serves over 49 million customers supplying electricity and gas.
Enel is also the second utility company in the natural gas market in Italy, with approximately 2.6 million customers and a 10% market share in terms of volume.
Approximately 80,000 people work for Enel running a highly diversified power station park including hydroelectric, thermoelectric, nuclear, geothermal, wind and photovoltaic generation. In 2009, Enel posted revenues of more than 64 billion euros (+4.7% compared with 2008), EBITDA of more than 16 billion euros (+12.1% compared with 2008) and net income of 5.4 billion euros (+1.9% compared with 2008). As of June 30th 2010, the Group has over 80,000 employees and operates a wide range of hydroelectric, thermoelectric, nuclear, geothermal, wind-power, photovoltaic and other renewables’ plants. About 44% of the power generated by Enel is carbon free. Enel is strongly committed to the development of renewable energy sources and to the development of new environmental friendly technologies.
On December 1, 2008 Enel established Enel Green Power, the Group’s Company dedicated to the development and management of power generation from renewable energy, operating around 5,800 MW of installed capacity relying on hydro, wind, geothermal, solar, biomass and co-generation sources in Europe and the Americas.
Enel was the first utility in the world to replace its 32 million Italian customers’ traditional electromechanical meters with modern electronic devices that make it possible to take meter readings in real time and manage contractual relationships remotely. This innovation, which is key to the development of smart grids, has attracted interest from many utilities around the world. In Spain, Endesa is about to install 13 million electronic meters to its customers.
After completing the sale of non-core assets, Enel has focussed on consolidating the businesses taken over abroad in the electricity and gas sectors and further integrating its business.
Read more about this topic: Enel Sp A
Famous quotes containing the word business:
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—Ralph Waldo Emerson (1803–1882)
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—John Dos Passos (1896–1970)
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—Vladimir Ilyich Lenin (1870–1924)