First Electricity Portal
NEW YORK--(BUSINESS WIRE)--Jan. 29, 2001--
-- Total transaction volume for this portal is estimated to be above
Euro 30 billion.
-- Endesa and Iberdrola are the Spanish partners in this initiative
-- Eutilia will be headquartered in the Dutch city of Leiden.
A group of eleven of Europe's leading utilities have signed an
agreement in order to set up Eutilia, an independent portal which will
enable the procurement of supplies through the Internet. This portal
will be headquartered in the Dutch city of Leiden and will be
operational this spring. Its activities will be focused on purchases
by catalogue, auctions and information and services related to
Annual volume of purchases by the founding partners, including
capital expenditures and excluding labour and energy is estimated to
be greater than Euro 30 billion.
Eutilia will offer value-added services both to buyers and sellers
and will enable a reduction in procurement costs. Initially its
activities will be focused on electricity and water utilities.
The founding partners of Eutilia are Scottish Power (UK), Endesa
(Spain), EDF (France), RWE (Germany), Enel (Italy), Iberdrola (Spain),
Electrabel (Belgium), United Utilities (UK), Vattenfall (Sweden),
National Grid Company (UK) and Nuon (Netherlands).
ENDESA will channel its investment through its 100% affiliate
Endesa Net Factory.
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