(Alliance News) - Enel Spa, led by CEO Flavio Cattaneo, has confirmed its commitment to Argentina after positive meetings with President Javier Milei during the G20 in Rio de Janeiro, Milano Finanza reports Wednesday.
The Edesur subsidiary is back to generating positive Ebitda, and the extension of the concession of the 1.3 GW El Chocón hydroelectric power plant strengthens the group's presence. For the period 2025-2027, investments of USD750.0 million in Edesur are planned, subject to appropriate regulatory conditions.
Enel Americas, the South American subsidiary, unveiled its 2025-2027 strategic plan, which forecasts cumulative Ebitda between USD14.50 billion and USD15.10 billion, with capex of USD7.50 billion. Of this, USD6.10 billion will be allocated to the grid sector to improve resilience and USD1.40 billion to power generation, with the goal of reaching 100 percent renewable capacity by 2027.
The plan targets annual Ebitda between USD5.20 billion and USD5.40 billion and profits between USD1.50 billion and USD1.70 billion by 2027, reflecting growth of 12 percent and 20 percent annually, respectively.
Enel Americas, honored as the highest earning company of the year among the 30 listed on the Santiago IPSA index, posted a third quarter profit of USD2.47 billion, surpassing Banco de Chile and Copec.
By Antonio Di Giorgio, Alliance News reporter
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Flavio Cattaneo currently works at Enel SpA, as Vice Chairman, CEO & General Manager from 2023, Enel Italia SpA, as Chief Executive Officer from 2023, Endesa SA, as Vice Chairman from 2023, Enel Iberia SRL, as Chairman from 2023, and Assicurazioni Generali SpA, as Independent Non-Executive Director from 2022. Mr. Cattaneo also formerly worked at Telecom Italia SpA, as Chief Executive Officer & Director from 2016 to 2017, Fiera Milano SpA, as Chairman & Chief Executive Officer in 2003, Rete Rinnovabile Srl, as Chief Executive Officer, ITALO – Nuovo Trasporto Viaggiatori SpA, as Chief Executive Officer from 2014 to 2016, TERNA Rete Elettrica Nazionale SpA, as Chief Executive Officer & Director from 2005 to 2014, AEM Energia SpA, as Deputy Chairman, Domus Italia SpA, as Chairman, Terna Participaçoes SA, as Chairman from 2007 to 2011, ITALO – Nuovo Trasporto Viaggiatori SpA, as Executive Vice Chairman from 2017 to 2018, Cementir Holding NV, as Independent Director, Serenissima Gas SpA, as Director, A2A Airport Energy SpA, as Director, Seneca Srl, as Director, Essecieffe Investment Srl, as Director, Itabus SpA, as Director, Rai-Radiotelevisione Italiana SpA, as General Manager in 2005, Confindustria Confederazione Generale dell'Industria Italiana, as Member-General Council, and Unione Industriali di Roma, as Vice President-Energy & Environmental Policies from 2008 to 2012. Mr. Cattaneo received his undergraduate degree from Politecnico di Milano.
Enel S.p.A. is Italian No. 1 producer and distributor of electricity. The activity is organized mainly around two areas:
- sales of electricity and natural gas: 181.9 TWh of electricity produced, 273.5 TWh of electricity and 7.1 billion m3 of natural gas sold in 2024. The group also develops an engineering and construction of electric production installations and units activity;
- transportation and distribution of electricity: 481.2 TWh of electricity transported in 2024. At the end of 2024, Enel S.p.A. had a 1,870,283 km electricity transportation network.
Net sales are distributed geographically as follows: Italy (41.9%), Europe (32.9%), America (24.7%) and others (0.5%).
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