Enel Russia releases 2016 operating results

Published on Friday, 27 January 2017

Moscow, January 27th, 2017 – PJSC Enel Russia has published its 2016 operating results.

 

2016

2015

Change

Net power output (GWh)

41,062

42,090

-2.4%

Power sales (GWh)

47,325

48,365

-2.1%

Heat sales (thousands of Gcal)

5,581

5,622

-0.7%

Net power output reduction is largely attributable to:

  • 23.3% decline in output from Nevinnomysskaya’s CCGT unit, mainly due to the outage during the first three months of 2016;
  • 2.9% decrease in Nevinnomysskaya’s conventional output, mainly due to higher hydro output in the Southern region;
  • 3.3% drop in Sredneuralskaya’s output mainly due to planned maintenance works held at the plant’s CCGT facility in the second quarter of 2016;
  • 3.4% decrease in Reftinskaya’s output, mainly due to an increased volume of maintenance works.

 

This drop was partially offset by a 9.3% increase in Konakovskaya’s output, which was connected to the maintenance works carried out at nuclear facilities in the Central region.

Power sales down in connection with the abovementioned decline in net power output.

Heat sales broadly in line with the figure posted in 2015.

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An Enel Group subsidiary, PJSC Enel Russia operates the following power plants: Konakovskaya GRES, Nevinnomysskaya GRES, Sredneuralskaya GRES and Reftinskaya GRES. The company’s total gross installed electrical capacity is 9,428.7 MW (equivalent to 8,878.4 MW net installed capacity) and thermal capacity is 2.382 Gcal/h. PJSC Enel Russia’s authorised capital is 35,371,898,370 roubles, which is divided into ordinary shares with a par value of 1 rouble. 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%, Prosperity Capital Management Limited’s share is 8.23%, VTB Bank’s share is 3.87% and other minority shareholders’ share is 12.44%. PJSC Enel Russia shares are listed in Level 1 MICEX quotation list. The company was established in Yekaterinburg on October 27th, 2004 as OJSC OGK-5. On July 7th, 2009 by the resolution of Annual General Shareholders’ Meeting the company was renamed OJSC Enel OGK-5 and on August 8th, 2014 the Federal Tax Service registered the new version of the company’s charter with the name OJSC Enel Russia. On June 25th, 2015 the company changed its legal type and was renamed PJSC Enel Russia.