<p>The first agreement was signed with Duferco, one of Europe&#0039;s leading steel groups and the top manufacturer of steel and semi-finished steel products in Wallonia, Belgium.<br /><br />The objective of the partnership is to develop and implement selected projects in Belgium. Duferco is developing a project to build a combined-cycle gas plant with a net capacity of about 420MW and a power plant that reuses gases produced in the steel manufacturing process with a capacity of about 65MW at the Marcinelle – Marchienne industrial site in Wallonia.<br /><br />Enel is interested in the Belgian electricity market as part of its expansion strategy for western Europe. The Belgian market is especially attractive thanks to its position and the outlook for growth in the medium term.<br /><br />In addition to covering the Duferco Group&#0039;s energy needs in Belgium, the power plants will provide new generation capacity for the entire market. To this end, the project also envisages establishing dedicated facilities for the sale of electricity, for which Duferco is looking for a partner interested in expanding the Belgian electricity market. <br /><br />The partnership will also see Enel and Duferco jointly assess other new development opportunities. <br /><br />Over in the US, meanwhile, Enel has acquired AMP Resources, a company that owns operating and development geothermal generation projects in California, Utah, and Nevada. The transaction, which represents Enel&#0039;s entry into the US geothermal market, has been arranged through the Italian firm&#0039;s subsidiary, Enel North America.<br /><br />The purchase includes one operating and four advanced stage geothermal development projects expected to add approximately 150MW of capacity over the next four years to Enel&#0039;s North American operations, as well as access to a number of future opportunities. The projects, once fully developed, are expected to generate enough renewable power for over 100,000 average US households annually. <br /><br />This agreement calls for an initial payment of approximately $90 million and milestone-based contingent payments.</p>