Spain-headed Ence – Energía y Celulosa has announced that it has concluded an agreement to purchase Endesa's stake in two Spanish biomass power plants in which the company held 68.4 percent and 64.1 percent, respectively. The deal increases Ence's installed power capacity by 29 percent to 143 MWe.
According to a statement, the acquisition of Enemasa in Ciudad Real and La Loma in Jaén, are part of Ence’s plan to increase its business power generation business to 383 MWe installed capacity by 2020. Both plants began their commercial operation in 2003 and primarily use olive stone from each respective region as fuel.
This operation constitutes a new step in fulfilling our Strategic Plan, which plans to achieve 383 MW of installed capacity in biomass generation by 2020. We expect to achieve rapid synergies in all our power plants after the operation materialised, thanks to our knowledge and management capacity of agricultural and forestry biomass technology of which we are leaders in Spain, said Ignacio Colmenares, Vice President and CEO of Ence.