Eni Starts Building Solar-Power Projects in Pakistan and Tunisia
March 12 2019 - 8:44AM
Dow Jones News
By Maitane Sardon
Eni Spa (ENI.MI) has begun construction on two new solar-power
projects in Pakistan and Tunisia, the Italian oil-and gas company
said Tuesday.
Eni expects the photovoltaic project in Bhit, Pakistan, to have
peak capacity of 10 megawatts. The energy produced there will be
used on site, reducing gas consumption and avoiding around 140,000
metric tons of carbon dioxide-equivalent emissions over the next 10
years, it said.
The Tunisia plant will be built at the company's Adam oil
concession and have a peak capacity of 5 megawatts. Eni said the
energy produced there will also be used on site, lowering gas
consumption and cutting carbon dioxide emissions-equivalent by
6,500 metric tons annually.
Eni said the project, which it expects to complete by the end of
2019, is in line with its commitment to "promote sustainable
development in the countries where it operates."
Earlier this year, Eni completed the acquisition of a solar
project in Australia and started building its second solar power
plant in Italy.
Last year, Eni built a wind farm in Kazakhstan and made an
agreement with Algeria's Sonatrach to install and operate
solar-power units at production sites in Africa.
Write to Maitane Sardon at maitane.sardon@dowjones.com
(END) Dow Jones Newswires
March 12, 2019 08:29 ET (12:29 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
ENI (NYSE:E)
Historical Stock Chart
From Jun 2024 to Jul 2024
ENI (NYSE:E)
Historical Stock Chart
From Jul 2023 to Jul 2024