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Enel has projects worth 27 billion euros in Italy's Recovery Plan - CEO

Published 26/05/2021, 09:39
Updated 26/05/2021, 09:41
© Reuters. FILE PHOTO: A logo of Italian multinational energy company Enel is seen at the Milan headquarters, Italy, February 5, 2020. REUTERS/Flavio Lo Scalzo

© Reuters. FILE PHOTO: A logo of Italian multinational energy company Enel is seen at the Milan headquarters, Italy, February 5, 2020. REUTERS/Flavio Lo Scalzo

MILAN (Reuters) - Enel (MI:ENEI) has identified investments worth around 27 billion euros ($33.05 billion) in Italy's Recovery Plan, the utility's chief executive said on Wednesday.

The spending projects are focused on power distribution networks and electrification of the economy, Francesco Starace said in an online conference.

© Reuters. FILE PHOTO: A logo of Italian multinational energy company Enel is seen at the Milan headquarters, Italy, February 5, 2020. REUTERS/Flavio Lo Scalzo

Starace said Enel's plans to invest around 3 billion euros per year in Italy did not take into account any spending relating to the Recovery Plan.

($1 = 0.8169 euros)

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