Enel Russia

Enel Russia
Native name
Энел Россия
Formerly called
Enel OGK-5
Public (OAO)
Traded as MCX: ENRU
Industry Power generation
Predecessor RAO UES
Founded 2004
Headquarters Yekaterinburg, Russia
Key people
Carlo Palasciano Villamagna, General Director
Products power and heat
Revenue US$1 billion (2007)
Parent Enel
Website www.enel.ru

Enel Russia (former names: OGK-5 and Enel OGK-5, traded as MCX: OGKE) is a power generation company operating in Russia. The company is registered in Yekaterinburg, while its central office is in Moscow. The company was founded in 2004 as a result of RAO UES reorganization.

History

The company was founded in October 2004 as OGK-5. It was registered in Yekaterinburg on 27 October 2004. In October 2006, the company ran initial public offering offering 5.1 billions of shares at value of US$459 million. In June 2007, Enel bought 29.99% of shares which previously belong to RAO UES. In October 2007, Enel increased its stake to 37.15% and later to 56.43%. On 7 July 2009, the company was renamed Enel OGK-5, and on 8 August 2014, the new name Enel Russia was registered.

Corporate issues

As of 2015, the main shareholder of Enel Russia was Enel Investment Holding B.V. (56.43%). PFR Partners Fund I Limited had 26.43% and Prosperity Capital Management Limited had 6.33%. Other shareholders had in total 10.81% of shares.[1] In 2016,the Cyprian PFR Partners Fund I Limited in Enel Russia has been decreased from 26.4% to 19.03%. The date of the decrease is May 26, 2016. Thus, the Enel Investment Holding B.V. share in the company’s authorised capital is 56.43%, PFR Partners Fund I Limited’s share is 19.03%, VTB Capital – 7.69%, Prosperity Capital Management Limited’s share is 6.33% and other minority shareholders’ share is 10.52%. Enel Russia shares are listed in Level 1MICES quotation list.[2]

Chairman of the board is Stephane Zweguintzow[3] and director general is Carlo Palasciano Villamagna.[4]

Operations

Enel Russia owns and operates four power plants:

The total installed capacity of power plant is 9,677 MW of power capacity and 2,382 Gcal/h of heat capacity.[5]

In Autumn 2008, Enel started construction of new 410 MW combined cycle gas turbines at Nevinnomysskaya and Sredneuralskaya GRES. The construction of both CCGTs was completed in 2011. The construction was done by an international consortium, led by Enel Engineering and Innovation. The project was supported by the European Bank for Reconstruction and Development through a €120 million long term loan. With the launch of the new CCGT, the installed capacity of Nevinnomysskaya GRES increased by 380 MW as an old 30 MW unit (N5) was decommissioned. The efficiency rate of the new CCGTs is about 58%, compared to 35-40% of conventional gas-fired power units.

Environmental program

Enel Russia has equipped power units 4, 5 and 7 of the coal-fired Reftinskaya power plant with fabric filters. The bag filters reduce the emission of dust particle to 98%. The second large-scale ecological project of Reftinskaya GRES was the construction of a dry ash removal system and the transition from the hydraulic method to dry removal of ash. The system was launched on 29 September 2015. It was the first time in Russia, when the traditional hydraulic treatment was replaced by the dry method of transportation and storage of ash.

For its achievements on environmental protection, Reftinskaya GRES won the EcoResponsibility Prize, instituted by the Ministry of Natural Resources and Environment of the Sverdlovsk region.

References

  1. Ежеквартальный отчет за 4 квартал 2014 года. ОАО «Энел Россия» (13 февраля 2015).
  2. Ход торгов по инструменту ENRU (ОАО «Энел Россия», акция обыкновенная). Московская Биржа.
  3. Совет директоров «Энел ОГК-5» возглавил директор департамента по развитию бизнеса Энел во Франции Стефан Звегинцов, BigpowerNews.ru (26 июля 2013). Проверено 30 апреля 2015.
  4. Карло Палашано Вилламанья вступил в должность генерального директора ОАО «Энел Россия», ОАО «Энел Россия» (13 марта 2015).
  5. О компании. ОАО «Энел Россия».

External links

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