ELE Endesa SA Ads

ENDESA (NYSE:ELE) is participating in the II Spanish-Chinese Business Summit in Beijing taking place today. The event, part of a series of activities promoting Spain in China, coincides with the visit of the King and Queen of Spain. Its main objective is to show the extensive international experience of Spanish companies and to showcase Spain as a possible technological and industrial partner in future development of the Chinese economy. This second business summit between the two countries was organised by the CEOE, the Spanish employers' organisation, in collaboration with the Foreign Trade Institute and the Council of Chambers of Commerce, in close co-ordination with the Chinese Council for the Promotion of International Trade and other official and business organisations. ENDESA in China China is a vital platform for identifying and supporting CDM projects to reduce emissions as part of ENDESA's off-setting strategy. In this regard, in September ENDESA concluded the purchase from Chinese companies Huaneng and Jiuquan Sanyuan Hydro Power of 100% of their certified reductions in greenhouse gases from three wind farms and a hydro plant in China in 2006 � 2012, which could reach a total of 2.7 million tonnes of CO2. The agreement covers CDM projects at three wind farms (Changdao, Qidong and Weihai) belonging to the Huaneng company and which have a combined capacity of 188 MW and one at the Gansu hydro plant which is owned by Jiuquan Sanyuan Hydro Power Development and has 26.55 MW capacity. The reductions obtained from these projects are measured by UN accredited entities and can be used to meet ENDESA�s greenhouse gas reduction targets as established in the Kyoto Treaty. �Endesa Climate Initiative� 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. In 2006, ENDESA signed agreements and letters of intent for CDM projects representing 108 million tonnes of CO2. Endesa Climate Initiative is ENDESA Group�s B2B initiative to promote and purchase reductions in greenhouse gas emissions by means of mechanisms established under the Kyoto Treaty. Through this programme the Company is also committed to creating additional value for companies which generate emissions reductions through a flexible and swift approach, consultancy and cooperation, as well as through attractive conditions for each of the contracts. ENDESA considers sustainable development as a growth opportunity maintaining commitment to: its social responsibility to the communities in which it operates, efficient use of resources, its responsibility to protect the environment and create wealth for investors, employees and clients. Spanish facilities owned by ENDESA reduced CO2 emissions by 27.9% between 1990 and 2006. Endesa's CO2 emissions in 2007 will be 35% lower than levels in 1990. * 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, 2006. 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.