Enel Green Power SpA (EGPW.MI) said Tuesday its board will propose a higher dividend of EUR0.0259 a share for 2012, up from EUR0.0248 a year earlier.

The Italian renewable-energy company said its net profit for the year rose to EUR413 million from EUR408 million, while net debt rose to EUR4.614 billion at the end of last year from EUR4.075 billion a year earlier.

The dividend hike keeps with the company's policy, announced in 2010, of paying out at least 30% of consolidated net profit to shareholders.

Operating profit, or earnings before interest and taxes, rose 6.5% to EUR972 million in 2012 from EUR913 million in 2011, the company said.

Enel Green Power confirmed that earnings before interest, taxes, depreciation and amortization, or EBITDA, rose 6.0% to EUR1.678 billion while revenue rose 6.4% to EUR2.688 billion.

The company said it expects to boost installed capacity and focus primarily on emerging markets in 2013.

Chief Executive Francesco Starace will hold a conference call at 0900 GMT.
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