MADRID, Nov 19 (Reuters) - Spanish power utility Endesa (ELE.MC) , opens new tab said on Tuesday that it will invest a record 9.6 billion euros ($10.16 billion) in the next three years, with a growing focus on power networks.

The planned investments represent an increase of 8% over the 2024-2026 plan.

The grids business will get roughly 4 billion euros, 45% more than in its previous plan, while the company is reducing investments in renewables, where it will focus on hydro and wind power, it said in a strategic update released a day after its parent Enel (ENEI.MI) , opens new tab presented its own plan.

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https://www.reuters.com/business/energy/spains-endesa-invest-10-bln-by-2027-2024-11-19/