Enel restructuring plans

Enel has outlined a range of measures that restructure financial and management operations in a step towards its partial privatization.

The group is preparing to sell off three new generating companies in what should be the largest initial public offering in the world. This is in compliance with Italy`s continued commitment to liberalize its electricity sector.

The new companies which would manage a total of 15 000 MW of generation could be sold next year.

An adviser to the Italian Treasury said: “The structure of each company will broadly reflect that of Enel itself. The government has given Enel several years to create and set up these new generating companies but it is highly likely the entire operation will have to take place next year.”