Italy buys into Spanish and French nuclear plants

Italy buys into Spanish and French nuclear plants

Italy's main power utility Enel has agreed to pay Eur11 billion ($14 billion) for 25% of Spain's Endesa power producer, taking its ownership to 92%. Endesa has equity in three Spanish nuclear reactors: 100% of Asco 1; 85% of Asco 2 and 78% of Vandellos 2, totalling about 3000 MWe. Enel then confirmed that it would take a 12.5% stake in EdF's second new EPR nuclear power reactor to be built at Penly, France. It has a similar stake in the first, being built at Flamanville, and rights for further four units. Enel also owns 66% of Slovakia's Slovenske Electrarne, which operates four nuclear reactors at Bohunice and Mochovce totalling 1690 MWe. SE recently embarked upon completing the Mochovce 3 and 4 nuclear power reactors to add a further 840 MWe.