Italian largest power generation group Enel plans to invest €34bn over the 2015-2019 period. The company will focus on Latin America - it took over Latin American activities carried out by its subsidiary Endesa in 2014 - and will capitalise on growth drivers such as networks, retail, renewables but also on conventional generation. The group plans to invest €5.4bn in its network activities between 2015 and 2019, focusing on emerging countries and new technologies (digital meters and smart grids). Enel expects to raise its customer base in the free market of Italy and Iberia, from around 22 million in 2014 to 26 million by 2019. Where power generation is concerned, Enel aims to add 7.1 GW over the next five year period, mostly in Latin America, North America and Africa. Enel Green Power will dedicate half of its investments to Chile, Mexico and Brazil. Enel will continue to invest in conventional generation, though giving the priority to projects with low execution risk and higher levels of stakeholders acceptance.
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