Endesa Logo – Endesa is a Spanish company with Italian capital in the electricity sector and gas company, founded by the National Institute of Industry on 18 November of 1944 under the name of Empresa Nacional de Electricidad, SA, as part of the autarkic policies of early Franco own, to a public company controlled by a sector is considered strategic, like other companies such as Iberia or SEAT. Since 2009, after a controversial takeover bid, is a 92% subsidiary of the Italian semi-public company Enel.
Compostilla I was his first production plant was opened in the early 50’s in Ponferrada, a power plant designed to minimize reliance had hitherto of hydropower. In the 60’s was created Compostilla II, in the municipality of Cubillos del Sil (Leon).
While Endesa began acting in Ponferrada, noted the power shortages in particular areas of the country, without any possible short-term solution. At that time, it was thought that the introduction of mobile stations could solve some emergency situations that occurred many times in the Spanish electricity system. For this, Endesa bought ten mobile units to address critical situations with the power supply in Seville, Barcelona, Cartagena, Asturias and Mallorca. Thus were born the so-called “Fire of Electricity.”
From these early performances, Endesa was gradually increasing its installed capacity by building a large number of power plants. Later in the 80 and 90, began disrtibución activities and sale of electricity by positions taken in various public and private Spanish companies into the largest Spanish electricity sector. In the 90’s began international expansion progress that has become a multinational company.
Traded with the ID ELE. It is the first electricity company in Spain and part of the Ibex 35. It is controlled by the Italian company ENEL (92% of capital). Outside Spain, the electrical operating in Portugal, Morocco, Chile, Argentina, Colombia, Peru and Brazil. ENDESA has more than 25 million customers, with an installed capacity of 40,141 MW and a production of 130,484 GWh to 31 December 2010. Its net profit amounted to EUR 4.129 million in 2010, an 16.9% more than in 2009.
The actions of the companies participated by Endesa in Latin America have often been controversial because of its social and environmental impacts, as in the case of the dam the river Bio-Bio or criticism to the deterioration of the Chilean Patagonia that could cause HidroAysen project, led by a consortium of companies: Endesa Chile and Colbún.