Enel X, AMP Capital Form JV for Electric Public Transportation in Americas
September 03 2020 - 6:55AM
Dow Jones News
By Mauro Orru
Enel SpA said Thursday that its energy-services business line
Enel X has set up a joint venture with Sydney-based investment
manager AMP Capital for the development of electric public
transportation infrastructure in the Americas.
The Rome-based energy company said Enel X has a 20% interest in
the joint venture, while AMP Capital has 80%.
The two companies will co-invest in the development and leasing
of vehicles for electric ground mass public transportation as well
as infrastructure for the storage, charging, repair and operation
of vehicles in the Americas.
Enel X will provide development and administrative services to
the joint venture, which already owns 433 operating electric buses
and charging infrastructure in Santiago, Chile.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
September 03, 2020 06:40 ET (10:40 GMT)
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