Enel to Boost Russia Output

July 7, 2010

Enel said Tuesday that it plans to boost power output in Russia by 21 percent to 47 terawatt-hours in 2011, compared with 39 terawatt-hours in 2009, the company said in a presentation for investors Tuesday.

Output will rise to 52 terawatt-hours in 2014, it said. Earnings before interest, tax, depreciation and amortization will rise to 471 million euros ($591 million) in 2011 from 184 million euros in 2009, according to the presentation. EBITDA will reach 1.1 billion euros by 2014, the company said.

(Bloomberg)

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