Enel Russia releases 2020 operating results

Published on Wednesday, 3 February 2021

Moscow, February 3rd, 2021 – PJSC Enel Russia released its operating data for the fourth quarter and the full year of 2020. 

“Net of change of asset portfolio, our 2020 production was mostly impacted by the lower energy consumption in the first price zone.”

– Stephane Zweguintzow, General Director of Enel Russia

Gross power production

 

FY 2020

FY 2019

Δ yoy

4Q 2020

Power plant

GWh

% Weight

GWh

% Weight

%

GWh

Konakovskaya

6,086

31.8%

5,967

17.4%

2.0%

1,338

Nevinnomysskaya

6,612

34.6%

7,097

20.8%

-6.8%

1,961

Reftinskaya*

-

-

14,053

41.1%

-

-

Sredneuralskaya

6,416

33.6%

7,086

20.7%

-9.5%

1,955

Enel Russia

19,114

100.0%

34,203

100.0%

-44.1%

5,255

* data for 9 months 2019


Net power output

 

FY 2020

FY 2019

Δ yoy

4Q 2020

Power plant

GWh

% Weight

GWh

% Weight

%

GWh

Konakovskaya

5,821

32.2%

5,698

17.6%

2.2%

1,275

Nevinnomysskaya

6,273

34.7%

6,750

20.8%

-7.1%

1,861

Reftinskaya*

-

-

13,333

41.1%

-

-

Sredneuralskaya

5,995

33.1%

6,652

20.5%

-9.9%

1,828

Enel Russia

18,088

100.0%

32,433

100.0%

-44.2%

4,965

* data for 9 months 2019

 

  • Net power output showed negative dynamics in 2020 compared to 2019 mostly due to change of the company’s perimeter after Reftinskaya power plant disposal, as well as due to lower demand on the Russian electricity market.

 

Gas power plants’ net power output was slightly lower (-5.3%) compared to the previous year, impacted by lower power demand in the First price zone due to the slowdown of economic activity in the area, and specifically: Nevinnomysskaya’s and Sredneuralskaya’s output decreased (-7.1% and -9.9% respectively) mostly caused by planned maintenance activities on CCGT units, which took place in the middle of 2020. While on a positive side, Konakovskaya’s output slightly increased (+2.2%) due to higher loading by the System Operator during the third quarter of 2020.

 

Heat sales

 

FY 2020

FY 2019

Δ yoy

4Q 2020

Power plant

th Gcal

% Weight

th Gcal

% Weight

%

th Gcal

Konakovskaya

184

4.8%

174

3.8%

5.5%

54

Nevinnomysskaya

1,511

39.6%

1,440

31.3%

4.9%

446

Reftinskaya*

-

-

305

6.6%

-

-

Sredneuralskaya

2,117

55.5%

2,680

58.3%

-21.0%

766

Enel Russia

3,812

100.0%

4,599

100.0%

-17.1%

1,266

* data for 9 months 2019
 

  • Heat sales in 2020 showed mixed dynamics across geographical zones, while a substantial decline of heat sales in the Urals due to higher average temperatures and disposal of Reftinskaya power plant, was compensated by a moderate increase in Central and Southern Russia due to higher demand there.

PJSC Enel Russia is a subsidiary of Enel Group. PJSC Enel Russia operates the following three gas power plants: Konakovskaya GRES, Nevinnomysskaya GRES and Sredneuralskaya GRES. The company’s total gross installed electrical capacity is 5,628.7 MW (equivalent to 5,255.4 MW net installed capacity) and thermal capacity is 2,032 Gcal/h. Besides that, PJSC Enel Russia implements three projects in the field of wind generation: Azovskaya WPP (90 MW), Kolskaya WPP (201 MW) and Rodnikovskaya WPP (71 MW). PJSC Enel Russia’s authorized capital is 35,371,898,370 roubles, which is divided into ordinary shares with a par value of 1 rouble. The Enel SpA share in the company’s authorised capital is 56.43%, PFR Partners Fund I Limited’s share is 7.4, RDIF Investment Management-8 share is 5.54% and other minority shareholders’ share is 30.63%. PJSC Enel Russia shares are listed in Level 1 the Moscow Exchange quotation list. The company was established in Yekaterinburg on October 27, 2004 as OJSC OGK-5. On July 7, 2009 by the resolution of Annual General Shareholders’ Meeting the company was renamed OJSC Enel OGK-5 and on August 8, 2014 the Federal Tax Service registered the new version of the company’s charter with the name OJSC Enel Russia. On June 25, 2015 the company changed its legal type and was renamed PJSC Enel Russia. You can follow the company’s news in social media such as Facebook, Instagram, Twitter and YouTube