10 Jun 2010 16:15

Enel: no point in acquiring new generating assets in Russia

MOSCOW. June 10 (Interfax) - Italian Enel is not planning to acquire new generating assets in Russia via swaps or purchases, Enrico Viale, Enel's chief operating officer for Russian operations, told journalists on Thursday.

Enel OGK-5 has a very balanced combination of stations. There are no plans for assets swaps or acquisitions, he said.

However, new generating assets might be received if it is considered worthwhile, he said.

Enel is focused on raising the efficiency of its existing assets. Its goal is to become the best generating company in Russia, he said.

Enel OGK-5 General Director Anatoly Kopsov said the genco would raise its efficiency in the coming one-two years by renovating capacity and de-commissioning old blocks. The assets being offered for sale on the market are mainly inefficient and their acquisition would have a negative impact on the company's performance, he said.

Enel OGK-5 includes the Nevinnomysskaya, Konakovskaya, Sredneuralskaya and Reftinskaya GRES with 8,762 megawatts of installed capacity. Italian Enel owns 56.36% of shares.