SOURCE: Industrial Info Resources

August 14, 2008 06:30 ET

Endesa Acquires 20% of Ireland's Market Share After $671 Million Deal, an Industrial Info News Alert

GALWAY, IRELAND--(Marketwire - August 14, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Spanish utility firm Endesa (MCE:ELE) (Madrid) completed an agreement on July 31 to purchase four plants and two sites in the Republic of Ireland. The $671.54 million deal included the sale of two main operating plants in Great Island of County Wexford and Tarbert of County Kerry, as well as two peaking plants in Rhode of County Offaly and Tawnaghmore of County Mayo, for a total of 1,068 megawatts (MW) of capacity. Given that Ireland currently has a total capacity of 5,000 MW, this will give Endesa approximately 20% of the market share.

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