ELE Endesa SA Ads

ENDESA (NYSE:ELE) and Ekurhuleni Metropolitan Municipality (EMM) have signed an agreement under which ENDESA will buy 100% of the Certified Emissions Reductions from a portfolio of landfill gas extraction projects developed by EMM. This is the first contract of its kind signed by Endesa in Africa and follows similar ones in China and Latin America. The signing took place at the current edition of the Carbon Expo in Cologne. The project portfolio consists of four landfills owned and managed by EMM. Landfill gas will be extracted during the ongoing operations of the sites and at least 1.6 million tonnes of harmful emissions will be avoided by 2012. The reductions obtained from these projects are measured by certified UN entities and can be used to meet the greenhouse gas reduction targets set for European companies under the Kyoto Treaty. This operation reinforces ENDESA�s position as one of the leading private carbon credit purchasers via the Endesa Climate Initiative, a pioneering initiative for purchasing carbon credits. The target is to purchase CO2 emissions rights through to 2012 via the mechanisms provided for in the Joint Application Clean Development Mechanisms contained in the Kyoto Treaty. Endesa Climate Initiativeis the ENDESA Group�s B2B initiative to promote and purchase reductions in greenhouse gas emissions by means of the mechanisms established under the Kyoto Treaty. Through this programme the Company is also committed to creating additional value for the companies which generate emissions reductions through a flexible and swift focus, consultancy and cooperation, as well as through attractive conditions for each of the contracts. ENDESA sees sustainable development as a growth opportunity for the company, whilst not forgetting its social responsibility to the communities in which it operates, the efficient use of resources, its obligation to avoid undue environmental harm and wealth creation for those who invest in, work in or use the company�s services. ENDESA�s Spanish facilities slashed their CO2 emissions between 1990 and 2007, while doubling their output during the same period. * This document may contain certain forward-looking statements regarding anticipated financial and operating results and statistics that are subject to risks and uncertainties as well as to material risks, changes and other factors which may be difficult to predict, including, without limitation, those factors described in the Documento de Registro de Acciones of Endesa filed within the Comisi�n Nacional del Mercado de Valores and in the Form 20-F of Endesa filed within the Securities and Exchange Commission, both for the fiscal year ended December 31, 2004. For all of these forward-looking statements, we claim the protection of the safe harbour for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.