Enel plans Saudi projects
Milan, July 21, 2007
Italy's biggest utility, Enel, would launch a series of energy projects in Saudi Arabia as it aims to expand in the country, Enel said.
Under a memorandum of understanding with Saudi Arabia's General Investment Authority (SAGIA), Enel would participate in installing digital electricity meters and developing electricity transport and distribution grids, it said in a statement.
Enel would also take part in renewable energy projects, including the development of high-efficiency thermodynamic solar plants.
Enel did not say how much it plans to invest in these and other projects in Saudi Arabia where it was chosen as a partner for the energy part of a programme to develop six new cities.Reuters