Enel to invest 3.5 bln euro in Romania, Bulgaria

Italian company Enel will invest over 1.5 billion euro until 2015 in the modernization of electricity distribution systems in Romania and 2 billion for the construction of a nuclear plant in Bulgaria, Enel head Piero Gnudi said in Sofia, quoted by Forbes magazine.

The investment program for Romania eyes power distribution companies where Enel holds the majority stake. It controls 51% of Electrica Banat and Electrica Dobrogea and bought 67.5% at Electrica Muntenia Sud last year.

In Bulgaria, Enel plans a 49% participation in the Belene nuclear plant, where total construction costs are evaluated at 4 billion euro.