Nov 18 (Reuters) - Italy's Enel plans to

invest 43 billion euros ($45.30 billion) in the next three

years, of which 26 billion euros will be allocated for power

grids and 12 billion euros for renewable projects, the utility

said on Monday.

In its previous 2024-2026 business plan presented last year,

the state-controlled group said its investments would total 35.8

billion euros including grants.

Enel pledged to increase investor reward, setting a fixed

minimum dividend at 0.46 euros per share from 0.43 euros

indicated previously.

($1 = 0.9491 euros)

(Reporting by Francesca Landini in Milan and Nilutpal Timsina

in Bengaluru; Editing by Abinaya Vijayaraghavan)