ENEL CLOSES DEAL TO SELL 400 MW CCGT IN BELGIUM

Published on Friday, 30 December 2016

Enel finalises the sale of CCGT owner Marcinelle Energie S.A to French company Direct Energie for a consideration of around 36.5 million euros fully paid in cash

 The transaction is part of the 8 billion euro disposal plan set out in Enel’s active portfolio management strategy, rotating assets to finance growth in areas of strategic focus such as networks and renewables

Rome, December 30th, 2016 – Enel today closed the sale of Marcinelle Energie S.A. (“Marcinelle Energie”), a 100% subsidiary of Enel’s fully-owned investment vehicle Enel Investment Holding B.V. (“EIH”) to French electricity supplier Direct Energie S.A for a consideration of around 36.5 million euros, fully paid in cash, which is subject to customary completion adjustments, including an earn-out mechanism.

As a result of the sale which follows the agreement signed on September 28th, Enel steps out of the Belgian market. Marcinelle Energie owns and operates a combined cycle gas turbine (CCGT) power generation plant of around 400 MW in Belgium.

The transaction is part of the 8 billion euro disposal programme of non-core assets provided for in Enel’s active portfolio management plan. This strategy will allow the Group to reallocate resources to drive growth in key areas such as networks and renewables. To date, the Enel Group has finalised agreements for the sale of assets with a value of about 4.1 billion euros.

The Marcinelle CCGT plant, located in Charleroi, Wallonia Region, was completed in 2012 and has around 40 employees. In 2015, it produced around 1.2 TWh of electricity.

 


All Enel press releases are also available in smartphone and tablet versions. You can download the Enel Corporate App at Apple Store and Google Play.

General | December, 30 2016

1666647-1_PDF-1.pdf

PDF (0.06MB)DOWNLOAD

Enel S.p.A. provides for the dissemination to the public of regulated information by using SDIR NIS, managed by BIt Market Services, a London Stock Exchange Group's company, with registered office at Milan, Piazza degli Affari, 6. For the storage of regulated information made available to the public, Enel S.p.A. has adhered, as from July 1st, 2015 to the authorized mechanism denominated “NIS-Storage”, available at the address www.emarketstorage.com, managed by the above mentioned BIt Market Services S.p.A. and authorized by CONSOB with the resolution No. 19067 of November 19th, 2014. From May 19th 2014 to June 30th 2015 Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by CONSOB with resolution No. 18852 of April 9th, 2014