- Italy: A second slice of the privatisation for the State electricity company ENEL will occur as soon as the market conditions will permit it, indicated the Italian Minister for Industry, Mr Antonio Marzano. The sale of a second slice of ENEL was planned for the second quarter, but this plan had been abandoned due to unfavourable market conditions. The Italian State still holds a stake of 68.26% in the capital of ENEL. Mr Marzano also confirmed that the sale process for the second electricity producing company of ENEL would begin in August just after the sale of the first. Auctions for the acquisition of ELETTROGEN, largest production company put on sale by ENEL, began on Wednesday 18 July and will finish at the latest on 1 August. In the framework of the liberalisation of the electricity market, ENEL must, in fact, separate itself from three production companies representing a total of a little more than 15,000 megawatts in production capacity. Moreover, the government indicated that it intended to draw around EUR 62 billion from the privatisation for the 2002-2006 period. See EI of 6 February. - Morocco: Morocco postponed for two years, from 2002 to 2004, the partial privatisation of the airline RAM -ROYAL AIR MAROC, announced the Minister for Finance and Privatisation. This operation, which foresees the sale of a stake rising to 40% in the national company, had already been delayed once.