Annual Report 2010 - Enel.com

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November
Enel and Kepco sign cooperation agreement
for the development of smart grids and
carbon dioxide capture and sequestration
On November 11, 2010, Enel and the Korean Electric Power
Corporation (Kepco) signed a letter of intent (followed
by specific memorandums of understanding) in Seoul to
develop cooperation in the areas of network systems, particularly
in the field of smart grids, and technologies for reducing
emissions of greenhouse gases, particularly carbon
capture and sequestration (CCS).
The parties have undertaken to pursue cooperation and
the mutual exchange of information in the development
of these two technologies, both considered crucial to
shaping the future of energy efficiency and a low-carbon
society.
December
Agreement with EIB for financing
investment in renewable
On December 10, 2010, Enel Green Power and the European
Investment Bank (EIB) signed an agreement for a
loan totaling €440 million that may be increased, subject
to further agreements between the parties, up to €600
million. The 20-year loan bears a significantly lower interest
rate than the market benchmark rates and will be used
to finance the installation of wind and photovoltaic plants
with a total capacity of 840 MW. Enel Green Power plans
to invest a total of around €1,300 million in this project.
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