Enel mulls bonds for new nuclear plants in Italy

Tue Jul 14, 2009 3:28pm BST
 
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MOCHOVCE, Slovakia, July 14 (Reuters) - Italy's biggest utility Enel (ENEI.MI) is considering selling bonds to help finance construction of new nuclear plants in Italy, Enel Chief Executive Fulvio Conti said on Tuesday.

"There are several ways of financing. We have good experience with share issues, we are in a strong position in terms of budget. We are considering selling bonds to broaden the financing possibilities," Conti told a news conference in Slovakia.

Italy plans to return to nuclear energy it abandoned more than 20 years ago, but industry experts and analysts expressed doubts about financing such expensive and long-term projects as nuclear plants.

(Reporting by Peter Laca via Milan newsroom)

 

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