Endesa increased its investments in distribution by 13% last year

NEW YORK, Jan. 14, 2004 — In 2003 Endesa invested Euro 746 million in its distribution business in Spain, a 13% increase over 2002.

Investments in the generation business in Spain were around Euro 555 million, lower than in 2002 as a consequence of the CCGTs construction program, which required higher investments during 2002 in order to have such plants operative in 2003.

Altogether, in 2003, Endesa invested approximately Euro 1,300 million in generation and distribution in Spain, a 2% increase over the previous year.

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