Enel Russia and Kuzbassenergo signed Reftinskaya GRES sale-purchase agreement

Enel S.p.A. (”Enel”), following its June 6^th press release, informs that, today, its Russian subsidiary Enel Russia PJSC (“Enel Russia”), as the seller, and JSC “Kuzbassenergo”, owned by Siberian Generating Company (SGC), as the purchaser, signed the sale-purchase agreement for the disposal of Reftinskaya GRES coal-fired power plant, whose consideration includes an amount and related adjustments as disclosed in the abovementioned press release.

The sale and purchase agreement shall enter into effect once Russia’s Federal Antimonopoly Service approves the transaction, and the terms and conditions of the transaction are approved by Enel Russia’s Extraordinary Shareholders Meeting to be held on July 22^nd, 2019.  

The expected timeline for the transfer of Reftinskaya GRES ownership to JSC “Kuzbassenergo” is within 18 months from the entry into effect of the sale-purchase agreement.