23 April 2002 – Italian dominant energy group Enel initiated the sale of its third and final generating company on Sunday with full-page advertisements in national newspapers.
Offers were invited to bid for the 2611 MW Interpower company with offers of interest required by May 13.
Interpower is the smallest of the generating companies required to be sold by Enel in order to reduce the monopoly hole the company has over the electricity industry in Italy, as part of the sector liberalization process.
Enel has to shed 15 000 MW of generating capacity and in July sold its 5400 MW Elettrogen company to Spain’s Endesa for €2.63bn. Last month, the Edipower consortium backed by Fiat and French electricity giant EdF, bought the 7008 MW Eurogen for €3.7bn.