Dream it, Do it. The path of success for ENEL was not at all easy.
ENEL S.p.A was founded by Italian government and is the second largest electric utility company in Europe, going by market capitalization. It was a state owned monopoly, but now is partially private. However, the largest shareholder of the company is still the Italian Ministry of Economy and Finance. There was a long political debate at a conference in 1960 which was aimed to nationalize the electricity industry. This led to the inception of ENEL (Ente Nazionale per l’energia ELettrica). But it had quite a daunting task at hand. It had to give nearly 1,300 companies a unified management, operational and technical organization.
The initial days of ENEL were turbulent as a major disaster took place. There was a massive landslide at the Vajont Dam, which was artificially built to produce hydroelectric power. This landslide not only destroyed the dam, it also resulted in flooding of several villages in the vicinity. After a legal trial, ENEL and Montedison were forced to pay damages to the devastated communities.