Enel Russia

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Enel Russia (Full name: Public Joint Stock Company Enel Russia; former names: OGK-5 and Enel OGK-5) is a Russian power generation company founded as a result of reorganization of RAO UES of Russia. The company is registered in Yekaterinburg and its headquarters are in Moscow. The Italian Enel Group owns a majority stake of the company (56%).

Enel Russia
Native name
Энел Россия
FormerlyOGK-5
Enel OGK-5
Company typePublic (OAO)
MCXENRU
IndustriePower generation (ISIC: 3510) Heat generation (ISIC: 3530)
PredecessorRAO UES
Gegründet2004
Hauptsitz,
Key people
Stephane Zweguintzow (General Director)
Giorgio Callegari (Chairman of Board of Directors)
ProduktePower and heat
Revenue$1.28 billion[1] (2017)
$36 million[2] (2020)
$115 million[3] (2019)
Total assets$1.08 billion[3] (2019)
Total equity$363 million[4] (2022)
OwnerEnel Investment Holdings (56,4%)[5]
Free float (25%)[6]
ParentEnel Investment Holding B.V.⠀ (Netherlands)
Websitewww.enel.ru

History

The company was founded as OGK-5 in Yekaterinburg on 27 October 2004.[7] In October 2006, the company ran an initial public offering offering 5.1 billion shares at a value of US$459 million.[8] In June 2007, Enel bought 29.99% of shares which previously belong to RAO UES.[9] 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.

On 25 June 2015, the Federal Tax Service Inspectorate in Verkh-Isetskiy District of Yekaterinburg registered a change in the legal form of the company by changing the name from Open Joint Stock Company Enel Russia to Public Joint Stock Company Enel Russia. The new abbreviated Company name is PJSC Enel Russia.[10]

In June 2017, Enel Russia won the tender for construction of two windfarms with installed capacity of 201 MW in the Murmansk Region and 90 MW in the Rostov Region near Azov.[11] On 23 May 2019 the groundbreaking ceremony of the Azovskaya wind farm construction was held.

In June 2019, following the Federal tender results, Enel Russia was awarded construction of the 71 MW Rodnikovsky wind farm in Stavropol region.[12] On 19 September 2019 the construction of 201 MW Kolskaya wind farm, the largest renewable project beyond the Arctic circle started.[13]

In 2019, Enel sold 3,800 MW Reftinskaya GRES to Kuzbassenergo. The transfer was completed on 1 July 2020.[14]

Operations

The gross installed electrical capacity of Enel Russia is 5,628.7 MW for power generation and 2,032 Gcal/h for heat generation.[15] Enel Russia operates Konakovskaya GRES, Nevinnomysskaya GRES, and Sredneuralskaya GRES, and has also been awarded two projects, of 201 MW and 90 MW, in a federal public wind power tender.

Sredneuralskaya GRES

 
Sredneuralskaya GRES

Sredneuralskaya GRES is a thermal gas power plant with total installed electric capacity of 1,578.5 MW. The plant's 1st stage includes five medium pressure boilers (34 standard atmospheres (3,400 kPa) abs) and three turbo-units with capacity of 16 MW, 46 MW, and 16 MW.

In 2017, SUGRES decommissioned turbo-units Nos.1, 2 and 5 (with total capacity of 78 MW).[16] The 2nd stage includes three high pressure boilers (140 atm abs) and three turbo-units with capacity of 100, 100 and 38 MW; 3d stage – two two-boiler single-turbine units for supercritical parameters with capacity of 310 and 300 MW; 4th stage – one two-boiler single-turbine unit for supercritical parameters with capacity of 300 MW; CCGT unit with capacity of 419 MW.

The power plant also has the gas turbine expansion station (GTES) with capacity of 11.5 MW. Installed heat capacity of the plant – 1,327 Gcal/hr. Natural gas is used as main fuel at Sredneuralskaya GRES. On 6 January 1936, the first turbo-unit was put into operation, and in 1937 the second turbine was put into operation, and in 1939 – the third turbo-unit was put into operation. In 1950 – 1953, at SUGRES complex automation of thermal processes was first implemented in the country.

In 1954 a new type of fuel – Ekibastuz coal was used. In 1960th, at SUGRES high power district heating system providing output of 1,150 Gcal/hour of heat power and 2,000 tons of hot water per hour for heat supply and hot water supply for cities: Sverdlovsk, Verkhnyaya Pyshma and Sredneuralsk with total population of more than one million people was put into operation.

In 1985, at SUGRES the water treatment facility for heating system feeding with capacity of 6,000 t/hour with supply of source water through a water conduit from Volchikhinskoye water reservoir was put into operation. Such filtration facilities were not used in the energy sector before.

In 1982, the first stage of the power plant was converted from coal to natural gas, and backup fuel – fuel oil. In 2008, at SUGRES construction of a CCGT was launched. On 25 July 2011, new 410 MW CCGT was put into operation at Sredneuralskaya GRES. In July 2011, the Company put into operation new 410 MW CCGTs at Nevinnomysskaya GRES and Sredneuralskaya GRES. With introduction of new facilities, Enel became the first generating company in Russia that fulfilled its investment program in part of construction of new facilities.[17]

Today, the installed capacity of Sredneuralskaya GRES CCGT is 419 MW.[18]

Nevinnomysskaya GRES

 
Nevinnomysskaya GRES

Nevinnomysskaya GRES is one of the largest thermal power plants of North Caucasus located in Nevinnomyssk, Stavropol Territory. The installed electric capacity of GRES is 1,530 2 MW, heat capacity – 585 Gcal/hour. The power plant is designed to output electric capacity to the Interconnected Power System of the North Caucasus and supply both industrial consumers and the town population with hot water and steam.

Nevinnomysskaya GRES consists of a combined heat and power (CHP) facility (185 MW, 585 Gcal/hour), condensate power units of open set type (935 MW) and a combined cycle gas turbine (CCGT) unit (410.2 MW).

12 turbines and 14 boilers are installed at the power plant. Process water supply for power equipment is carried out from Great Stavropol Canal and Kuban River. The main fuel is natural gas, and the backup fuel is fuel oil. The first turbo-unit of Nevinnomysskaya GRES was put into operation on 25 June 1960.

A significant increase of the power plant installed capacity was achieved due to construction and startup of new 410.2 MW CCGT on 15 July 2011.

Konakovskaya GRES

 
Konakovskaya GRES

Konakovskaya GRES is located on the Volga River banks (Konakovo, Tver Region) and is one of the largest suppliers of electric power and heat in the region. The installed electric capacity of the power plant is 2,520 MW, heat capacity – 120 Gcal/hour. The power plant includes 8 power units with capacity of 300 – 325 MW. Konakovskaya GRES construction started in 1962, and on 10 January 1965, the first power unit was put into operation. This date is considered the day of KGRES foundation.

The power plant was built in two phases: 4 power units with turbo-units with capacity of 300 MW each. Konakovskaya GRES construction was fully completed in 1969. The main fuel is natural gas; the backup fuel is fuel oil.

Wind farms

The company builds 201 MW Kolskaya wind farm in the Murmansk Region, 90 MW Azovskaya wind farm in the Rostov Region near Azov, 71 MW Rodnikovsky wind farm in Stavropol region.[19]

Corporate issues

The company's share capital is 35,371,898,370 rubles, and it is divided into ordinary shares with a par value of 1 ruble:

  • Share of Enel S.p.A (Italy) in the Company's authorized capital – 56.43%
  • share of PFR Partners Fund I Limited – 7.4%,
  • share RDIF Investment Management-8 - 5.54%,
  • share of other minority shareholders – 30.63%

Enel Russia shares included in the quotation list of the first level at the exchange platform of MICEX Stock Exchange.[20][21]

Company's income for 2019 according to IFRS – RUB 65.8 bln, EBITDA – RUB 15.73 bln, net ordinary income – RUB 7.453 bln.[22]

Since 23 April 2020, chairman of the board is Giorgio Callegari.[23] Since 2 June 2020, general director is Stephane Zweguintzow. [24]

References

  1. ^ "Рейтинг крупнейших компаний России по объему реализации продукции". Expert RA. Archived from the original on 28 October 2018. Retrieved 28 October 2018.
  2. ^ https://www.enelrussia.ru/content/dam/enel-ru/documents/en/ifsr/2021/IFRS0621_eng.pdf. {{cite web}}: Missing or empty |title= (help)
  3. ^ a b https://www.enelrussia.ru/content/dam/enel-ru/documents/en/ifsr/2019/IFRS2019eng.pdf. {{cite web}}: Missing or empty |title= (help)
  4. ^ https://www.el5-energo.ru/upload/iblock/442/h6uemoeyo7txd637zp5yp0koyrartugl/EL5-Energo_2022_ifrs.pdf. {{cite web}}: Missing or empty |title= (help)
  5. ^ "Список аффилированных лиц". Corporate Information Disclosure Centre. Interfax. Retrieved 26 August 2017.
  6. ^ "Коэффициент free-float (доля ценных бумаг в свободном обращении) по состоянию на 26.08.2017" [Free-float coefficient (share of securities in free circulation) as of 26 August 2017]. Moscow Exchange. Retrieved 26 August 2017.
  7. ^ "ПАО "ЭНЕЛ РОССИЯ"" [PJSC Enel Russia] (in Russian). Enel Russia. Retrieved 30 January 2020.
  8. ^ "Первые деньги" [First money]. Vedomosti (in Russian). 31 October 2006. Retrieved 13 October 2020.{{cite news}}: CS1 maint: url-status (link)
  9. ^ "Enel in Russia, an integrated presence". Enel. Archived from the original on 22 May 2015.
  10. ^ "OAO "Энел Россия" стало публичнее" [OAO Enel Russia has become more public] (in Russian). Enel Russia. 25 June 2015.{{cite web}}: CS1 maint: url-status (link)
  11. ^ "ЭНЕЛ РОССИЯ ВЫХОДИТ НА РОССИЙСКИЙ РЫНОК ВОЗОБНОВЛЯЕМЫХ ИСТОЧНИКОВ ЭНЕРГИИ С ПРОЕКТАМИ ВЕТРОГЕНЕРАЦИИ ОБЩЕЙ УСТАНОВЛЕННОЙ МОЩНОСТЬЮ 291 МВТ". 14 June 2017.{{cite news}}: CS1 maint: url-status (link)
  12. ^ "Под Ростовом-на-Дону вместо казино построят ветропарк" [Wind farm will be built near Rostov-on-Don instead of casino]. Rossiyskaya Gazeta (in Russian). 14 February 2017. Retrieved 29 January 2020.
  13. ^ "Where we are". Enel Russia. Retrieved 31 January 2020.
  14. ^ "Рефтинская ГРЭС полностью перешла под контроль «Кузбассэнерго»" [Reftinskaya GRES completely passed under the control of Kuzbassenergo]. Kommersant (in Russian). 1 July 2020. Retrieved 10 October 2020.
  15. ^ "Enel Russia signed a cooperation agreement on the development of renewable energy projects with the Republic of Tatarstan" (Press release). Enel Russia. Retrieved 12 October 2020 – via MarketScreener.
  16. ^ "Среднеуральская ГРЭС вывела из работы 78 МВт мощности". TASS. Retrieved 30 January 2020.
  17. ^ "Вот, новый оборот" [Here's a new twist]. Kommersant (in Russian). 29 September 2011. Retrieved 30 January 2020.
  18. ^ "Sredneuralskaya GRES". Enel Russia. Retrieved 30 January 2020.
  19. ^ "Под Ростовом-на-Дону вместо казино построят ветропарк". Rossiyskaya Gazeta (in Russian). Retrieved 29 January 2020.
  20. ^ "Акции Облигации Энел Россия ENRU – котировки, график стоимости акций, дивиденды и отчетность" [Shares, Bonds of Enel Russia ENRU – quotes, share price chart, dividends and reporting] (in Russian). Black Terminal. Retrieved 30 January 2020.
  21. ^ "Enel Russia". Enel Russia. Retrieved 18 May 2020.
  22. ^ "Энел Россия: 2019 год" [Enel Russia: 2019 year] (in Russian). Enel Russia. Retrieved 29 January 2020. {{cite web}}: Cite has empty unknown parameter: |1= (help)CS1 maint: url-status (link)
  23. ^ https://www.enelrussia.ru/en/media/press/d202004-22042020-2.html
  24. ^ https://www.enelrussia.ru/en/media/press/d202004-22042020.html