Russia

Enel entered the Russian market in 2004 with a number of projects to be realised in one of the most strategic countries in the energy sector in terms of resources and investments.
The company acquired 49,5% of Res (RusEnergoSbyt), an electrical energy trader that serves 6% of the Russian market (22 TWh) both domestic and corporate, with major business customers including Gazprom and the Russian Railways.

From 2004 to 2007, with Enel Esn Energo (EEE), the joint venture realised with Esn having its head office in Moscow, Enel was also awarded the contract to manage the 450 MW combined cycle power station (North West Power Plant), which serves the area of Saint Petersburg and has succeeded in doubling its production capacity.

Enel is performing a technical pilot test of 1,500 remote reading and management systems in the city of Belgorod. This is a pilot scheme for the achievement of the installation of approximately 700,000 Enel electronic meters throughout the province of Belgorod (600 km south of Moscow, on the Ukraine border) during 2007.

In addition, Enel has signed a Memorandum of Understanding with RosAtom (Russian Federal Atomic Energy Agency) to develop the electrical system in Russia and Central Eastern Europe, build new nuclear power plants, manage and reinforce the electrical energy transport networks and manage pre-existing nuclear power stations.

On April 4, 2007, Enel acquired a group of promising gas fields including 100% of OAO Arcticgaz, 100% of Urengoil and 100% of OAO Neftegaztechnologia, through SeverEnergia (formerly Enineftegaz, a consortium 40% Enel - 60% Eni).

Moreover, Enel owns a 55.7% stake in JCS Fifth Generation Company of the Wholesale Electricity Market (“OGK-5”). OGK-5 runs 4 thermal power plants with an overall capacity of 8.700 MW located in various areas of the country.