Enel’s revenues gain 6.5 percent to EUR 1 bln in 2012 on more network connections

The revenues of Italian utility Enel rose by 6.5 percent in Romania to EUR 1 billion, helped by growing volumes of network connections, while the EBITDA added 12.6 percent to EUR 231 million.

Enel said it has lowered losses in the network to 11.2 percent and cut operational costs by 12 percent.

Last year, the company has modernized (built or rehabilitate) 182.5 km of overhead high voltage power lines and 23 transformer stations. In medium voltage it modernized 268.1 km of overhead power lines and 132.7 km underground, and 825 transformation posts. In lower voltage the utility overhauled 680 km of lines and made 334 km worth of new connections.

Going forward, the utility aims to invest EUR 542 million through to 2017, in the distribution network, services and environmental standardization.

Enel plans to add 0.5 million clients and to install 1 million smart meters in the next four years.

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Ovidiu Posirca