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Italy regulator says Enel must sell up to 1,700 megawatts by end of 2008

Italy regulator says Enel must sell up to 1,700 megawatts by end of 2008

Italy's antitrust watchdog said Wednesday that Enel SpA must sell 1,000 megawatts of capacity next year, and if necessary 700 more megawatts in 2008 to promote competition in the country's power market.
The regulator said in a statement that the sale will be at "competitive conditions," at which point the antitrust body will close its inquiry, started in April 2005, into possible anticompetitive behavior by Enel, Italy's former electricity monopoly.
The regulator said Enel will sell the capacity under a mechanism that allows a company to keep ownership of generation facilities while selling its output to competitors.
One-thousand megawatts correspond to about 3 percent of Italy's domestic power demand, the regulator said.


Updated : 2021-08-01 06:46 GMT+08:00