The Russian market is almost four times that of Italy. Not only huge, but with all the characteristics of a mature market: overcapacity, lack of significant growth of energy consumption, infrastructure in need of modernisation. Enel, one of the two main foreign investors, accounts for 5 percent of it with its 9,677 MW of gross installed capacity from four generation hubs, three gas- and one coal-fired. The so-called GRES (transliteration of the Cyrillic acronym used for electricity generation plants of Russian State districts) are located in the region of the Urals (Reftinskaya and Sredneuralskaya), in northern Caucasus (Nevinnomysskaya) and in the country's central region (Konakovskaya).
For the period 2015-2019 Enel Russia has outlined four priorities: cost optimisation, rigorous control of financial flows, efficient and flexible fuel supply and stable distribution of dividends to shareholders. Operationally, the main objective is maintenance, efficiency enhancement and improvement of plant environmental performance: this activity has been ongoing for a few years and is the object of most of the investments. Thanks to these strategic drivers, the Group's company will manage to raise the EBITDA expected for 2015, amounting to 14.6 billion rubles, to the 25.1 billion rubles that have been planned for 2019, responding successfully to the recent unfavourable context .
“We are greatly pleased with our generation facilities in Russia, which ensure excellent performances on a highly complex but well-structured market. We have received several purchase proposals but we are not interested, our assets are not for sale. Our main objective still is plant efficiency enhancement, one of the main challenges that Russia's entire energy sector is facing and in which Enel is playing a prominent role”, said Enel CEO Francesco Starace at the verge of the recently held St. Petersburg International Economic Forum. “To date, under the Russian regulatory context it is not possible for companies that operate in generation to enter the distribution sector, which has a considerable development potential. Should this provision change, we would be greatly interested in considering possible growth opportunities in this field”, the CEO concluded.