Enel has decided to sell its power generation assets in Slovakia and its power distribution and sales assets in Romania to strengthen the Group’s financial structure, as provided for in the 2014-2018 Business Plan.
In Slovakia Enel will sell its 66% stake in Slovenské Elektrárne, the leading power generator with a market share of close to 80%. Slovenské Elektrárne owns power stations with a total installed capacity of 5,700 MW, with a balanced generation mix comprising nuclear, hydroelectric and conventional thermal facilities. In Romania, the sale would involve the 64.4% stake in Enel Distributie Muntenia and Enel Energie Muntenia, the 51% stake in Enel Distributie Banat, Enel Distributie Dobrogea and Enel Energie, as well as the 100% interest in the services company Enel Romania. These companies manage a power grid of about 91,000 km in the regions in which they operate, distributing about 14 TWh/year of electricity (with a domestic market share of 34%) and selling nearly 9 TWh/year to about 2.6 million customers, of which 2.4 million are residential customers (with a domestic market share of 20%) and 0.2 million are businesses (with a domestic market share of 38%).
The sale of the holdings in Slovakia and Romania are part of a broader €6bn programme of asset sale begun in 2013, aimed at reducing the Enel Group's financial debt.
Interested in Global Energy Research?
Enerdata's premium online information service provides up-to-date market reports on 110+ countries. The reports include valuable market data and analysis as well as a daily newsfeed, curated by our energy analysts, on the oil, gas, coal and power markets.
This user-friendly tool gives you the essentials about the domestic markets of your concern, including market structure, organisation, actors, projects and business perspectives.