Įnel is present in 30 countries worldwide, producing energy with around 92 GW of total capacity.Įnel Grids, the Group’s global business line dedicated to the management of the electricity distribution service worldwide, delivers electricity through a network of around 2.3 million kilometers to more than 75 million end users. The Group is the worldwide demand response leader and the largest European utility by ordinary EBITDA. This accounting effect will not have any impact on ordinary economic results.Įnel, which celebrates its 60 th anniversary this year, is a multinational power company and a leading integrated player in the global power and renewables markets.Īt global level, it is the largest renewable private player, the foremost network operator by number of end users and the biggest retail operator by customer base. The overall transaction generated a positive effect on the Group’s consolidated net debt of about 610 million euros and a negative impact on reported Group net income of around 1.3 billion euros, mainly reflecting the release of a currency translation reserve of around 1.0 billion euros as of September 30 th, 2022.
The transaction is consistent with the Group’s strategic aim to focus its activities mainly in countries where an integrated position along the value chain can drive growth and enhance value creation from the opportunities offered by the energy transition. 520 of August 5 th, 2022.Īs result of the transaction, Enel has disposed of all its Russian power generation assets, which included approximately 5.6 GW of conventional capacity and around 300 MW of wind capacity at different stages of development. (“Enel”) announces that, following the press release of June 16 th, 2022, today it finalized the sale of its entire stake in PJSC Enel Russia, equal to 56.43% of the latter’s share capital, to PJSC Lukoil and the Closed Combined Mutual Investment Fund “Gazprombank-Frezia”, for a total consideration of about 137 million euros, following the fulfillment of all the conditions precedent set out in the two separate contracts entered into with them, including approval of the transaction by the President of the Russian Federation in accordance with paragraph 5 of Decree no.
The transaction completes the disposal of power generation assets in Russia, which Enel started in 2019 with an initial sale of coal-fired assets.Enel closed the sale of its entire stake in PJSC Enel Russia to PJSC Lukoil and the private fund Gazprombank-Frezia for a total consideration of about 137 million euros.
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