January 31, 2018 / 4:36 PM / 9 months ago

Enel to double Italy investments to 12 billion euros over next two years - CEO

MILAN (Reuters) - Italy’s biggest utility Enel (ENEI.MI) will double its investments in Italy over the next two years to 12 billion euros (£10.6 billion), the group’s CEO Francesco Starace said on Wednesday.

Francesco Starace, CEO and general manager of Enel Group, attends during a news conference to present their partnership with FIA Formula-E Championships at the MAXXI National Museum in Rome, Italy, May 17, 2016 REUTERS/Alessandro Bianchi

In a previous business plan, the utility had earmarked 6 billion euros over two years.

“In the next two years we will double our investments. The potential in Italy is huge,” Starace said during a Reuters Breakingviews event in Milan.

Reporting by Stephen Jewkes, editing by Agnieszka Flak

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