Enel SpA (ENEL.MI) won't need a new capital hike to bring down its net debt, the Italian energy company's Chief Financial Officer Luigi Ferraris says in an interview published in Spain 's Cinco Dias newspaper Thursday.

Ferraris says Enel in the coming two or three years will reduce its debt through its operative cash flow as several of its current large investments will be completed, such as the Mochovce nuclear plant in Slovakia .

He also says the company will continue its asset sale program with the sale of a non-strategic power plant in Bulgaria, as well as raise money through the upcoming initial public offering of its renewable unit Enel Green Power, to which Ferraris has been named chairman.

"Enel Green Power could start trading in early November," Ferraris is quoted as saying.

Spain 's government has pre-approved between 300 megawatt and 400MW in new renewable projects of the unit in a renewables pre-registry, he says. Spain will make up a quarter of Enel Green Power's new investment, while Italy and the rest of the world will account for the remainder, he adds.

Enel doesn't currently plan any further asset sales from its Spanish Endesa SA (ELE.MC) unit, he says in the interview.
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