Le eccellenze italiane nello scenario

internazionaleGiornata di studio AIN 2012

Roma, 10 maggio 2012

Enel/ATN

• The Enel Group

• Nuclear Assets

• Nuclear Policy

• ATN – Area Tecnica Nucleare

• The Slovak Project

• The Flamanville Project

• The perspective

2

3

Enel: an international GroupA global dimension

23 countries – 95 GW installed capacity – 270 TWh net production – 61 Mln customers

5.3 GW19.9 TWh

0.8 GW2.4 TWh

North America

0.4 GW2 TWh

Central America

5.6 GW22.7 TWh

Chile

1.7 GW8.7 TWh

Peru

2.8 GW12.7 TWh

Colombia

1.1 GW3.9 TWh

Brazil

4.4 GW15.8 TWh

Argentina

8.2 GW39.1 TWh

Russia

Slovakia

40.4 GW84 TWh

Italy

1.0 TWh

France

22.1 GW71.5 TWh

Iberia

0.8 GW3.7 TWh

Bulgaria

9.6 TWh

Romania

Greece

0.1 GW0.3 TWh

Note: power production is indicated, except for France and Romania for which are indicated energy sales

Geographical distribution Generation mix

Enel

32%

12%

28%

13%

15%

NuclearRenewables

Coal Gas Oil

4

5.5 GW of installed capacity and additional 1 GW under construction – Further developments expected in other countries

Italian Nuclear Program: agreement with EDF for the joint

development of at least 4 EPR units - Frozen

Enel: a major European nuclear operatorNuclear assets, new projects and development opportunities

Development of new capacity:

•Russia:

-Kaliningrad, 2 X 1117MWe VVER

-Agreement with Rosatom

•Romania: participation in the consortium led by Nuclearelectrica for the construction of Cernavoda 3&4 (Candu, 1.500 MW)

Slovakia

Operational: 4 VVER units, 1896 MW

Under construction: 2 VVER units of Mochovce 3&4, 880 MW

Spain

Operational: 7 Units (6 PWR Westinghouse units and 1 BWR GE unit), 3.640 MW

France

Under construction: participation in 1 EPR unit in Flamanville, 1.630 MW

5

MOCHOVCE 1-2MOCHOVCE 1-2TRILLO TRILLO

ASCO 1 e 2ASCO 1 e 2

S. MARIA DE GARONAS. MARIA DE GARONA

FLAMANVILLE 3FLAMANVILLE 3

ALMARAZALMARAZ

VANDELLOSVANDELLOS

BOHUNICE BOHUNICE

Enel: one of the main European OperatorsThe family album

6

Nuclear development in FranceAgreements with EdF and participation in Flamanville project

Flamanville lay-out (render and actual)

Plant under construction

Agreement with EdF

• Enel is participating in the construction of a III Generation EPR Unit (1630 MW) in Flamanville with

EdF

• Enel is participating in the investment with a 12,5% share

• Enel’s engineers are integrated in the EdF project structure, in order to

participate to the design, realization and operation activities of the EPR

series reactors

• Enel has also an option for other EPR in France, and in particular will

participate in Penly project

7

Nuclear development in SlovakiaConstruction of Mochovce 3&4 nuclear power plant

Under development

Operating units

Lay-out of the plant Description of the project

• In Slovakia Enel, through its control-led

company Slovenske Elektrarne, is in the

construction phase of two VVER 440 MW

units in Mochovce plant

• Investment: 2.700 Mln EUR

• Slovenske Elektrarne and Enel Engineering

and Innovation are the Architect Engineers;

a multi-contract strategy has been adopted

• The site was opened on Nov 2008; construction

works are on-time:

- Committed contracts: 87%

- Engineering: 45%

- Fabrication: 26%

- Construction: 11%

• in Sep 2010 the reactor vessel was put in place in

EMO3

• Next milestones will be:

-Ott 2012: first fuel charge in EMO3

- Dec 2012: first synchronization of EMO3

In Slovakia Enel is constructing two units with russian VVER technology

Nuclear Organizations in ENEL GroupGroup Nuclear Policy

8

� One Nuclear Policy for all Nuclear Assets of the Group established at the beginning of 2011

� ENEL is part of FTSE 4 Good Economical Index

Cooperation with nuclear

industry

Enel also commits to a cooperation policy on safety in the nuclear industry worldwide.

Overall Commitment

Through its investments in nuclear technologies, Enel publicly commits itself as shareholder to ensure that its nuclear facilities adopt a clear nuclear safety policyand are operated with overriding priority to nuclear safety, the protection of nuclear workers, the general public and the environment from risk of harm

Excellence beyond

Compliance

The policy in respect of nuclear safety is to encourage excellence in all plant activities and to go beyond compliance with applicable laws and regulations and to adopt management approaches embodying the principles of Continuous Improvement and Risk Management.

Duties as owner shareholder

Enel will ensure to the full extent of its powers as a shareholder that even the relevant nuclear organizations where Enel has a minority participation have adopted and published suitable policies for nuclear and environmental safety, radioactive waste management and the physical security of nuclear assets. Enel commits to provide sufficient resources to implement the safety policy.

9

• Enel’s nuclear competence center• Engineering and Construction:

» Flamanville 3» Mochovce 3&4

• Operation improvement: Slovenske Elektrarne• Nuclear Safety Oversight for all the nuclear plants of the

Group

• Nuclear Energy

Enel Ingegneria e Ricerca S.p.A.Enel’s technological competence center

Our functions Description

• Engineering, Construction and Commissioning of

conventional and nuclear plants, renewable sources, LNG terminals and innovative projects

• 19 projects underway in 6 countries• More than 50.000 MW of thermal power plant developed• ISO 9001:2000 and OHSAS 18001:2007 certifications

• Engineering, Procurement & Construction

• ~200 Researchers and 50 Graduate trainees• 3 Research Centres, 2 Chemical Laboratories and 4

Research Stations• 40 Patents developed as of today

• Main focus: Carbon Capture and Storage, Renewablesdevelopment, Distributed generation & energy efficiency

• Research & Development

Enel Ingegneria e Ricerca S.p.A. provides Enel Group with high level technological services in the EPC and R&D fields

10

Plant

Decommissioning

ReprocessingReprocessing

Fuel fabrication

- Mining

- Trading e transport

- Conversion

- Enrichment

- Fabrication

SpentSpent FuelFuel Man.Man.

- Temporary storage

- Transport

R&DR&D

- Gen IV

- NULIFEFinal storage

Spent Fuelfinal storage

DevelopmentDevelopment --

ConstructionConstruction

- Design development

- Siting

- Design

- Construction

- CommissioningFLA3, MO3FLA3, MO3--4, 4, CernavodaCernavoda

OperationOperation

- OperationManagement

- Maintenance Mgt

- Fuel contracting

SlovakiaSlovakia

SpainSpain

SlovakiaSlovakia

SpainSpain

Fuel

Fission products, minor actinides, etc.

Enel: one of the main European OperatorsEnel contribution to the nuclear business

11

Engineering Services to the Group The Stress Test of Spanish and Slovakian Plants

• EC

• WENRA

• ENSREG

• ENISS

• ENEF

• Areva

• Westinghouse

• Others

• Edf (France)

• Slovenské Electrárne(SK)

• Endesa (SPA)

• SNN (Romania)Harmonization of:

•Methodology

•Results

•Technical support

Market survey on products

/services available for

implementation of Stress-

Tests related design

improvements

Technical support for

communications to EU

institutions

Contribution to the definition of the

requirements on:

• Methodology

•Scenarios

•Timing

•Acceptance criteria

Utilities Potential Suppliers

EU Industry Associations EU Enel Office

(*) The material will be distributed

Nuclear Technical AreaPast Experiences – The most recent references

12

BeleneBelene Belene - Bulgaria� Technical and Due Diligence

Italian Nuclear

project

develop.

Italian Nuclear

project

develop.

SitingAlbania

SitingAlbania

Siting Albania� Pre-Siting Analysis

Italian Nuclear Project, activities performed

TVELTVELTVEL Fuel fabrication facility in Slovakia

� Pre-Feasibility Study

13

World Nuclear Capacity OutlookSummary – OECD/NEA vs. Enel’s Scenario

Current OECD/NEA 2008 ENEL’s Scenario

1° June 20112020 2030

2020 2030High Low High Low

OECD North America 112,8 130 117,3 151,5 119 120,5 119,5

OECD Europe 130,3 125 133 125 136,5 122,9 95,2

OECD Pacific 62,5 90 65,1 98,5 66,3 71,4 59,9

China 15,0 32,5 7,4 60 7,9 65,0 68,0

India 3,8 22,5 4,4 45 4,4 17,0 17,7

Russian Federation 22,7 27,5 21,9 48 21,9 42,4 43,5

Transition economies 17,4 29,0 21,4 33,5 24,2 21,7 21,7

Rest of the world 5,1 24,0 17,8 60,0 24,7 16,6 26,2

TOTAL 369,7 480,5 386,1 621,5 404,8 477,3 450,7

Sources:WANO Database 2010 Q4 updated with IAEA Pris and WNA

OECD/NEA 2008 Nuclear Energy Outlook

Capacityexpressed in

GWe

14

World Nuclear Capacity OutlookFluctuation of World Nuclear Capacity – Enel’s Scenario

0

100

200

300

400

500

600

GWe OECD North America OECD Europe OECD Pacific

India China Russian Federation

Transition economies Rest of the world

15

World Nuclear Capacity OutlookOECD Europe – Enel’s Scenario

Sources:WANO Database 2010 Q4 updated with IAEA Pris and WNA

OECD/NEA 2008 Nuclear Energy Outlook

Rational for Enel Scenario

Countries: Belgium, Czech Republic, Finland, France, Germany, Hungary, Italy, Netherlands, Poland, Slovak

Republic, Spain, Sweden, Switzerland, Turkey, United

Kingdom

Life extension / Phase out:� Germany: “2001 Law” Phase out plan for German reactors sets at 32

yrs (except for the stop of 8 reactors, 8,3 GW in 2011 and complete shutdown in 2022).

� UK: lifetime 40yrs for Magnox and PWR

� 10yrs Life extension for all EU reactors (not in Germany and UK):

Lifetime = 40 + 10

New Build:� OL3, FLA3, EMO3&4, PEN3, SW1&2,

HP1&2, Turkey1-2� Extra New Build: Temelin3&4,

Bohunice, Borssele2, Poland1-30

20

40

60

80

100

120

140

160

Ma

y 2

01

1

20

11

20

12

20

13

20

14

20

15

20

16

20

17

20

18

20

19

20

20

20

21

20

22

20

23

20

24

20

25

20

26

20

27

20

28

20

29

20

30

GWe

With Life Extension & New Builds

With Life Extension

Without Life Extension

OECD High Scenario

OECD Low Scenario

Extra New Buids

16

0

50

100

150

200

250

300

350

400

450

5001

98

0

19

81

19

82

19

83

19

84

19

85

19

86

19

87

19

88

19

89

19

90

19

91

19

92

19

93

19

94

19

95

19

96

19

97

19

98

19

99

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

Pote

nza I

nsta

llata

[G

We]

0

500

1000

1500

2000

2500

3000

Pro

duzio

ne E

nerg

ia [

TW

h]

Nuclear capacity

Energy production from nuclear

1986

Chernobyl

1989WANO

1979:

TMI2INPO

Fonte: EIA –WNA.

1986-2008

Installed capacity: + 45 %

Energy production: + 80 %

Capacity forecast scenariosImpact of TMI and Chernobyl event on nuclear capacity

No impact of TMI events on Nuclear capacity growth

Major impact from Chernobyl disaster

Historical Trend U3O8 vs Oil Spot Prices

17Source: U3O8:1969-1986 Nuexco EV, 1987-2009 Ux U3O8 Price ; 1945-1983 Arabian Light posted at Ras Tanura. 1987-2009 Brent dated

Correlation with oil price/commodities

markets dynamics have influenced

Uranium prices more than nuclear

accidental events, such as Three Mile

Island or Chernobyl.

Gulf War

11/09

U3O8

OIL

Iran/Iraq War

Financial Crisis

Iranian Revolution

Recession

Chernobyl

Three Mile

Island

ConclusionsNuclear within the Enel Group

● Confirmed the Group commitment to a safe use of nuclear energy

● Public acceptance in SK and Spain confirmed, also after Fukushima accident

● Around 5.500 MWe of nuclear production installed with 1.100 MWe under development: around 41

TWh/year of electricity from nuclear sources

● Present in the main value chain for Pressurized Water Reactor technologies (PWR), which represent

more than 65% of the nuclear power installed worldwide.

● Present in two out of three nuclear projects under construction in Europe.

● Operating capabilities, through the group corporate structure and the affiliates, in the key activities

of the nuclear value chain:

Specialistic Engineering, R&D, Project development, Siting and licensing, Costruction, Operation

● Extensive experience in supporting the regulatory framework definition and the institutional

relationship scheme for new nuclear programs.

● Around 3.800 specialists devoted to operation of NPPs. Around 800 specialists on engineering and

construction activities; 180 nuclear specialists at Corporate level fully dedicated to support Nuclear

activities within the group

● Technology cooperation in the main GEN III + PWR technologies available:

AP1000, VVER, EPR

18