Enel Green Power to Install 800MW of Power This Year, Cinco Says

Enel Green Power SpA (EGPW) will install 800 megawatts of new generators this year and another 1,000 megawatts in 2012 on the way to meeting its expansion targets, Chief Executive Officer Francisco Starace told Cinco Dias newspaper.

The clean-energy unit of Enel SpA (ENEL) will install 10,400 megawatts by 2015 and increase earnings before interest, tax, depreciation and amortization to 2.4 billion euros ($3.3 billion) compared with 1.4 billion euros this year, Starace told the newspaper in an interview.

It will maintain a dividend payout ratio of 30 percent over the period, the newspaper added.

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