Annual Report 2010 - Enel.com

Capital expenditure
Millions of euro
94 Enel Annual Report 2010 Report on operations
2010 2009 2010-2009
Generation plants:
- thermal 519 591 (72)
- hydroelectric 89 93 (4)
- alternative energy resources 10 38 (28)
Total generation plants 618 722 (104)
Other investments in property, plant and equipment 30 61 (31)
TOTAL 648 783 (135)
Capital expenditure totaled €648 million, of which €618
million for generation plants. The main investments in
2010 regarded the continuation of work on thermal
plants in the amount of €519 million (including the coal
3
The mission of the Engineering and Innovation Division is
to serve the Group by managing the engineering processes
related to the development and construction of power
plants, ensuring achievement of the quality, temporal and
financial objectives set for it. The Division also coordinates
Performance
Engineering and Innovation
conversion of the Torrevaldaliga Nord plant in the amount
of €223 million and the refurbishment of particulate capture
systems at the Brindisi plant for €20 million).
and supplements the Group’s research activities, ensuring
the scouting, development and leveraging of innovation
opportunities in all Group business areas, with a special
focus on the development of major environmental initiatives.
Millions of euro
2010
2009
restated 2010-2009
Revenues 608 903 (295)
Gross operating margin 14 17 (3)
Operating income 10 14 (4)
Operating assets 316 342 (26)
Operating liabilities 374 363 11
Employees at year-end (no.) 1,339 1,202 137
Capital expenditure 5 5 -
Revenues totaled €608 million in 2010, down €295 million
or 32.7% compared with the previous year. This decline
was essentially due to the following:
> a €259 million decline in business with the Generation
and Energy Management Division, related mainly to
the coal conversion of the Torrevaldaliga Nord plant,
which was largely completed in the 1st Half of 2010;
> a €109 million decline in business with E.ON España
(formerly Enel Viesgo Generación) as a result of the
completion of a number of activities regarding the development
of thermal power plants in Spain;
> a €32 million increase in business with the companies