Enel to the Lega: “No extra profit to us. Nuclear? It makes no sense”

MIGUEL MEDINA via Getty Images

Italian business executive and CEO and general manager of Italian multinational manufacturer and distributor of electricity and gas, Enel Group, Francesco Starace delivers a keynote address during the presentation of the group’s strategic plan 2019 – 2021 on November 20, 2018 in Milan. (Photo by Miguel MEDINA / AFP) (Photo credit should read MIGUEL MEDINA/AFP via Getty Images)

There are two responses that Enel’s CEO, Francesco Starace, delivers in an interview with the Republic and cross themes raised by Matteo Salvini’s League.

Firstly, the hypothesis put forward by the Minister of Economic Development Giancarlo Giorgetti of a contribution to general taxation by operators who have obtained extra profits from the increases in the price of energy to finance interventions in favor of the most disadvantaged categories. Starace replies: “

“We didn’t make extra profits. We produce 18% of the energy produced in Italy and sell it directly to our customers, on the free market at prices set two or three years earlier, as we do in Spain and in the rest of the markets in which we are present. So even now, having already sold our energy, we have not had extra profits and our customers, who had the prices set long ago, are protected from this gas volatility. We are not among those who have benefited from the gas lottery ”.

Secondly, the League is pushing for a return of Italy to nuclear power, in the context of a European debate on the inclusion of this energy source among those considered green. Starace replica:

“Those who have nuclear power plants, like France, manage them well and let them run as long as they have them. For those who do not have them, it makes no sense to build new ones with existing technology. For the new generation of nuclear power, on which it is good to work by studying the most promising technologies, we are talking about times between 2035 and 2040 “.

The CEO of Enel points out his company’s direct experience in the nuclear field. In Spain “we have six advanced second generation nuclear power plants, for a total of 3,300 MW, with a deadline that the Spanish government has set from 2027 to 2035”. In Slovakia “we are shareholders of Slovenske Elektrarne which started building two new units in 2008: they were supposed to be finished in 2012 and will be finished in 2022, they were supposed to cost 3.3 billion and will cost 6.2 billion. And it is a virtuous case “.

Regarding the goal of bringing Enel to zero emissions no longer in 2050, but in 2040, the manager explains:

“We have set the date of 2040 with good reason from an economic point of view and with double convenience: in the first place, the costs of energy production are reduced by moving to renewables; then the dependence on fossil fuels is eliminated, which as we are seeing also in recent months have very volatile prices. Furthermore, we will stop emitting CO2, which is good for everyone, since we are committed to being zero emissions and not net zero emissions “.

Source: Huffington Post Italy Athena2 by www.huffingtonpost.it.

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