ENDESA Starts the Construction of Five New Wind Farms in Tarifa.

Business Editors

NEW YORK--(BUSINESS WIRE)--Oct. 14, 2003

ENDESA (NYSE: ELE):

-- With the construction of these five projects, ENDESA will

count at the end of 2003, with 63 wind farms in Spain, 6 of

them in Andalusia.

-- This wind complex, with an investment that exceeds Euro 70

million, is comprised by La Manga, El Ruedo, Rio Almodovar, El

Gallego and Cortijo de Iruelas wind farms, all of them in

Tarifa (Cadiz)

-- The estimated annual output is 215 GWh and will increase in

78,4 MW Endesa's Cogeneracion y Renovables wind installed

capacity in Cadiz.

-- The start up of these five projects in Tariff, scheduled for

the second half of next year, constitutes the first part of

ENDESA's 2002-2006 Strategic Plan in this area.

-- Endesa Cogeneracion y Renovables (ECYR), within its wind

generation expansion plans, has other projects under way in

Cadiz, Malaga, Sevilla and Granada.

ENDESA (NYSE: ELE) starts the construction of five new wind farms, called: La Manga, El Ruedo, Rio Almodovar, El Gallego and Cortijo de Iruelas, all of them located in Tariff (Cadiz).

These five projects, will join the other 58 wind farms that ENDESA owns in Spain, adding a total wind capacity of 78.4 MW through 98 windgenerators of 800 kW each.

With its start up, scheduled for the second half of next year, approximately 215 GWh per year will be generated, energy sufficient to supply to 65,000 households, equivalent to 200,000 people.

From an environmental point of view, the projects are designed to minimize the impact in the surrounding area. The generation of the new wind farms will avoid more than three million tons of CO2 emissions.

The total investment will exceed Euro 70 million. These wind farms are part of the first stage of ENDESA's Eolic Plan in the region. The second phase, scheduled for the second half of next year, will consist on the construction of 48 additional MW.

Currently, ENDESA already participates in Andalusia in 6 wind farms with a total installed capacity of 90 MW. Other Eolic Plans are under study in other regions of Andalusia such as Malaga, Seville and Granada.

All these initiatives, included in ENDESA's 2002-2006 Strategic Plan, are consequence of ENDESA's bet for the renewable energies development.

ENDESA will count at the end of 2003 with 63 wind farms in Spain

It is estimated that the 63 wind farms participated by ECYR at the end of this year (922.83MW) will produce a total of 1,952 GWh in 2003, meaning a 18.06% of the total wind generation in Spain that is estimated in 10,810 GWh.

The distribution of these 63 wind farms are as follows: 16 in the Canary Islands, 16 in Galicia, 9 in Castilla y Leon, 15 in Aragon, 6 in Andalusia, and 1 in Catalonia.

Among the wind farms that are already in operation, the one with a higher installed capacity are in Galicia, with 406.19 MW, followed by the ones located in Castilla y Leon (196.73 MW), Aragon (172.04 MW), Andalusia (90.06 MW) and the Canary Islands (57.47 MW). The smallest capacity corresponds to Catalonia, which only counts with one wind farm.

For additional information please contact David Raya, North America Investor Relations Office, telephone # [phone] http://www.endesa.es