Arab Today, arab today enel gp focuses on emerging markets
Last Updated : GMT 19:40:15
Arab Today, arab today
Arab Today, arab today

Enel GP focuses on emerging markets

Arab Today, arab today

Arab Today, arab today Enel GP focuses on emerging markets

Milan - Arabstoday

Enel Green Power (Enel GP), Italy’s biggest renewable energy group, plans to boost its capacity some 60 per cent by 2016 via investments of more than 6 billion euros ($7.92 billion) as it focuses attention emerging markets.  EGP, which generates power from wind, sunlight, water, biomass and the earth’s heat, plans to add 4,500 megawatts of new capacity to 2016, some 38 per cent of which will be in emerging markets such as Turkey, Morocco and South Africa. “We have a very solid pipeline,” EGP Chief Executive Francesco Starace said in a conference call with investors presenting the group’s new 2012-2016 business plan. EGP’s strong cash flow would back capital investments, in line with the group’s current strategy, Starace said. About 2,200 MW out of the 4,500 MW of new planned capacity is already in execution, EGP said. Out of the remaining 2,300 MW, 55 per cent would come from emerging markets, while wind power generation would account for 65 per cent of the new growth.   Analysts see EGP’s broad geographic and technological mix as a strong point. But they have been concerned whether EGP would be able to keep up its current pace of capacity growth. At 0943 GMT EGP shares were up 3.0 per cent while the European utility index  was flat. EGP had a total installed capacity of 7,079 MW at the end of last year. EGP, controlled by Italy’s biggest utility Enel, said in a presentation its dividend policy under the new business plan will be for a 30 per cent payout, in line with existing policy. EGP said it expected annual average growth of core earnings at 13 per cent under the new plan, with earnings before interest, taxes, depreciation and amortisation (EBITDA) rising to about 2.6 billion euros in 2016 from about 1.7 billion euros in 2012.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today enel gp focuses on emerging markets Arab Today, arab today enel gp focuses on emerging markets

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Egyptian tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Egyptian tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 12:25 2017 Thursday ,23 February

Bharti Airtel buys Telenor's India operations

GMT 10:47 2017 Thursday ,23 February

Saudi Aramco may offer discounted shares to citizens

GMT 06:25 2017 Thursday ,23 February

Bupa Arabia sponsors SMEA forum

GMT 06:11 2017 Thursday ,23 February

Football: Turkish company wins Qatar World Cup contract

GMT 05:46 2017 Thursday ,23 February

SABIC net profits fall in 2016

GMT 21:01 2017 Wednesday ,22 February

Saudi Aramco mulls offering citizens discounted shares
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday