Enel Russia Shareholders Agree to Sell Reftinskaya for RUB 21bn

UrBC, Moscow, July 25, 2019. 91.12% of voters agreed to the sale of Reftinskaya Power Station to Siberian Generation Company’s KuzbassEnergo for at least RUB 21bn (VAT not included) at Enel Russia’s extraordinary general meeting this month, the company’s press service reports.

‘The subject matter relating to the sale of Reftinskaya Power Station comprises movable and immovable assets, coal/raw stuff stock, and spare parts. The transfer of ownership to KuzbassEnergo must occur within eighteen months of the purchase and sale transaction coming into effect, provided that the transaction has Russia’s Federal Antimonopoly Service’s approval,’ the press service says.

According to the press service, the price might get further adjusted within a 5% bracket. Additionally, extra payments (up to RUB 3bn all in all) might follow within five years of the sales’ close if certain conditions are met.

Now Enel Russia and KuzbassEnergo signed an agreement on the sale of the coal power plant in June.

Reftinskaya Power Station is located in Reftinsky, Sverdlovsk Region. The power plant comprises six 300-megawatt power-generating units and four 500-megawatt ones (thermal capacity: 350 giga-calories per hour). The plant can generate up to 40% of the electric power needed for Sverdlovsk Region’s consumption.


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