Endesa is going to make America the great engine of growth for the next five years . This follows from the updated strategic plan presented today by the company in London, together with Enel, which has 92% of English power.
The updated strategic plan for the period 2011-2015, Endesa has raised its forecast for gross profit regular (EBITDA) for the coming years, especially by the pull of Latin America.
the end of that five-year period, ie for the year 2015, Endesa expected EBITDA of 7,800 million, of which 4,100 million (52.5%) come from Latin America and the rest 3,700 million (47.5%), Spain, Portugal and elsewhere.
Already in 2013, America will shine more than other businesses. Endesa expects to reach that year EBITDA of 7,700 million, of which 4,000 million (51%) come from Latin America. Endesa and largely exceeds the strategic plan submitted last year for the period 2010-2014. In the 2010-2014 plan, Lationoamérica could not overcome the other business until 2014, and Endesa not exceed expected 7,000 million EBITDA until this year.
In revising the strategic plan, Endesa remains virtually the same line as the rate of investment. In the period 2011-2015, ENDESA will invest 10,300 million euros. In the previous plan, for 2010-2014, the energy group planned investment of 10,500 million.
A year ago, Endesa adjusted its investment plan in an exercise in realism to adapt to the environment the crisis affecting the English economy.
The new strategic plan, the investment objective remains "conservative", according to company executives, led by Borja Prado, "but adaptable to market conditions." In any case, we must bear in mind that investment figures are adapted to the new perimeter of the company after the integration of renewable assets Enel Green Power and other divestitures, including those undertaken in Greece, Ireland and lines transport.
Of the investments planned for 2011-2015, 47% will go to Latin America, while the rest will be for Spain, Portugal and other countries. Operationally, Endesa remains virtually intact its investment scheme. 64% will be for maintenance, and the rest, 36% for growth.
The company expects a slow recovery in demand for electricity in Spain, following the sharp decline experienced in 2009 by the economic crisis. Endesa estimates that electricity demand in the Iberian Peninsula increase at an average annual rate of 1.7% until 2015 and that wholesale electricity prices will increase by 10.4%.
A more customers
One of the challenges the company is to get more customers in the deregulated market. Expects to attract 1.9 million new distribution customers.
The group plans to install new power capacity by more than 1,000 megawatts (MW), among which a 400 MW combined cycle gas in Portugal and 19 MW for the upgrading of the nuclear Almaraz. The fact that the government of José Luis Rodríguez Zapatero allow the upgrading of the Central Extremadura is a symbol of the turn has given its energy policy, previously allergic to the atomic.
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