The bid tabled by a consortium led by Rome utility Acea and Belgian's Electrabel for Enel's last generating unit Interpower will need to be raised if the sell-off is not to be deferred, a financial source is reported as saying Monday.
Enel, the Italian state-owned power group, confirmed on Friday that five bids had been submitted for its Elettrogen electricity generating subsidiary, which is one of three units being divested as required by the Italian government. The only bidder to have confirmed interest is Spanish utility Endesa, which issued a statement on behalf of an international consortium.
Eurogen, the second generating company being auctioned by Italian Enel has been bought by Edipower, a consortium led by Italian utility Montedison for €3.7bn ($3.2bn)plus debt.
Italian multinational utilityà‚ Enelà‚ has announced the operation of its 450 MW High Lonesomeà‚ wind energyà‚ farm in Upton and Crockett counties in the US state of Texas.
The...