Euroleague Basketball sponsor Endesa, a leading company in the electricity sector, has responded to the COVID-19 health emergency in Spain by creating a €25 million fund to provide material, services, assistance and infrastructure to the cause, it was announced on Sunday.
Endesa creates €25 million fund to fight COVID-19
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Euroleague Basketball sponsor Endesa, a leading company in the electricity sector, has responded to the COVID-19 health emergency in Spain by creating a €25 million fund to provide material, services, assistance and infrastructure to the cause, it was announced on Sunday.
Endesa stated that the fund would be used to inject direct help in material and donations to fight the ongoing effects of the pandemic in Spain, starting with the purchase of respirators and more than 2 million facemasks valued at €10 million, to be made available immediately to the country's health authorities.
Additionally, Endesa will guarantee energy services through generators and maintenance to provisional hospital locations and will provide free electricity to its client hotels that have been converted to receive medical patients at this time.
Finally, Endesa will direct economic donations to institutions, organisms and health centers to help meet their basic necessities and to help relieve both the sanitary and social harm done by the crisis.
The announcement comes after responsive measures that Endesa had previously undertaken, such as foregoing electricity cuts in cases of nonpayment and instituting flexible conditions for small businesses, freelancers and families in need.
Endesa became an official regional sponsor of both the Turkish Airlines EuroLeague and 7DAYS EuroCup in 2017 and has been a long-time traditional supporter of basketball in Spain.