MILAN (Reuters) - Italy’s biggest utility Enel will double its investments in Italy in the period 2017-2020 to 12 billion euros ($15 billion), the group’s CEO Francesco Starace said on Wednesday.
In a previous business plan, the utility had earmarked 6 billion euros.
“The potential in Italy is huge,” Starace said during a Reuters Breakingviews event in Milan.
(This version of the story was officially corrected after the company said the investment would be made in 2017-2020 not over two years as originally stated)
Reporting by Stephen Jewkes, editing by Agnieszka Flak