ENDESA Begins Work on Two CCGTs at Emile Huchet (France), at a Cost of Euro 400 Million.* This opens the tender offer period for choosing the contractor to build these plants. * The plants will have a total installed capacity of 800 MW and are slated to come on stream in the first half of 2009. * The new CCGTs will be located on land at the Emile Huchet plant, in north-eastern France, and will increase SNET's installed capacity by 30%. * The start-up of these two new plants forms part of ENDESA Europa's Industrial Plan, which envisages options for developing 2,000 MW of additional capacity in France. NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- ENDESA (NYSE NYSE See: New York Stock Exchange :ELE ELE equine leukoencephalomalacia. ) announced today that its affiliate, ENDESA Europa, through its subsidiary SNET n. 1. The fat of a deer. v. t. 1. The clear of mucus; to blow. , has taken the first steps towards construction of two combined cycle A combined cycle is characteristic of a power producing engine or plant that employs more than one thermodynamic cycle. Heat engines are only able to use a portion of the energy their fuel generates (usually less than 50%). The remaining heat from combustion is generally wasted. gas turbines in France with an installed capacity of 400 MW each, by opening the tender offer period for choosing the contractor to build these plants. The two plants are slated to come on stream in the first half of 2009. The two power stations, in which Euro 400 million will be invested, and which will be built in the north-east of France, on land at the Emile Huchet plant, owned by SNET, will increase the French subsidiary's current installed capacity by 30%. These will be the first CCGTs to be built by ENDESA in France and will significantly increase capacity in the French market, which badly needs this to satisfy the large increase in demand. At the same time, a 35km gas pipeline will be built for Euro 24 million, linking GRT GRT Great GRT Glimcher Realty Trust GRT Grand River Transit (Waterloo, Canada) GRT General Relativity Theory GRT Group Rapid Transit GRT Gruppo per le Relazioni Transculturali Gaz's main gas pipeline to the plant. SNET and Gaz de France Gaz de France (GDF) is a French company which produces, transports and sells natural gas around the world and especially in France which is its main market, but also Belgium, the United Kingdom, Germany and other European countries. Transport have signed a contract to build this gas pipeline, which will come on stream in December 2008. Construction of these two new plants forms part of ENDESA's Strategic Plan which includes an Industrial Plan for Europe which envisages options for developing 2,000 MW of additional capacity in France given favourable demand and price conditions. These two new plants in France will be added to the 6 CCGTs ENDESA Europa already has, all in Italy, with a total installed capacity of 2,400 MW. * This document may contain certain forward-looking statements regarding anticipated financial and operating results and statistics that are subject to risks and uncertainties as well as to material risks, changes and other factors which may be difficult to predict, including, without limitation, those factors described in the Documento de Registro de Acciones of Endesa filed within the Comision Nacional del Mercado de Valores and in the Form 20-F of Endesa filed within the Securities and Exchange Commission, both for the fiscal year ended December 31, 2004. For all of these forward-looking statements, we claim the protection of the safe harbour for forward-looking statements contained in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. |
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