Monday, November 12, 2007

Enel SpA, Europe's second largetst utility and Endesa S.A. owner, ready to develop nuclear power across Europe with EdF Energy of France

ROME -(Dow Jones)- Electricite de France SA's is ready to meet Italy's Enel SpA "anytime" to discuss a 2005 preliminary accord, which centered on nuclear power, Chief Executive Pierre Gadonneix said Monday.

The CEO said he saw it "possible" for Enel to play a role in EdF's development of nuclear power across Europe.

"I am open anytime for discussions with Enel (on the accord)," the CEO of the French state-owned electricity company told reporters on the sidelines of the World Energy Congress in Rome.

"Up to now Enel's priority has been Spain," he added. Enel successfully jointly took over Spain's Endesa SA (ELE) last month in the world's biggest utility purchase.

The preliminary accord between EdF and Enel signed in May 2005 centered on nuclear power and participation in the European Pressurized Reactor, or EPR, technology being developed by EdF.

Here is the full article.