Enel Russia Releases 2014 Operating Results

Published on Thursday, 29 January 2015

Moscow, January 29th, 2015 – Today, OJSC Enel Russia has published its 2014 operating results.

Net power output by Enel Russia’s power plants in 2014 totaled 42,376 GWh, posting a 1.1% increase compared with 2013. The output dynamics by power plant were mixed: Sredneuralskaya and Reftinskaya produced less electricity than in 2013 as a result of a higher amount of modernization and maintenance works in both plants. Power output by Konakovskaya and Nevinnomysskaya increased significantly due to lower hydro availability reported in European Russia in the second quarter of 2014, as well as by favorable fuel price and electricity demand dynamics.

Power sales recorded 48,413 GWh in 2014, slightly above the figure posted in 2013 (+1.5% or 692 GWh).

Heat sales in 2014 totaled 6,362 thousand Gcal, slightly below the 2013 level (-1.5% or 97 thousand Gcal).


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.