Enel And Sel In Bolzano Hydro Development Pact

摘要

A preliminary agreement has been signed between Enel Produzione and Societa Elettrica Altoatesina (SEL), a business that is majority-controlled by Bolzano province, in Italy, to develop hydro power resources in the province. From 2011 the companies intend to jointly operate existing and new hydro concessions in Bolzano. As part of the deal, Enel will also sell its distribution grid in the province to SEL for Euro79M (US$103M). Enel has 12 major hydro concessions of 616MW capacity in the province, and 17MW of mini-hydro. The value of the major assets, staff and resources being transferred by Enel to the JV has been set at Euro340M (US$442M). The minihydro asset value is put at Euro20M.