DOCSLIB.ORG

Annual Report 2018 Annual Report 2018 Contents

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2018 Annual Report 2018 Contents Annual Report_2018 Annual Report 2018 enel.com Annual Report 2018 Annual Report 2018 Contents Report on operations 7 Reports 449 > Enel organizational model | 8 > Report of the Board of Statutory Auditors > Corporate boards and powers | 10 to the Shareholders’ Meeting of Enel SpA | 450 > Letter to shareholders and other stakeholders | 13 > Report of the independent Audit Firm on the 2018 financial statements > Summary of results | 18 of Enel SpA | 464 > Overview of the Group’s operations, > Report of the independent Audit Firm performance and financial position | 30 on the 2018 consolidated financial statements > Results by business area | 44 of the Enel Group | 472 > Performance and financial position of Enel SpA | 87 > Summary of the resolutions of the Ordinary > Significant events in 2018 | 93 Shareholders’ Meeting | 482 > Reference scenario | 106 > Main risks and uncertainties | 146 > Outlook | 151 Attachments 485 > Other information | 153 > Subsidiaries, associates and other significant > Sustainability and the fight equity investments of the Enel Group against climate change | 157 at December 31, 2018 | 486 > Related parties | 182 > Reconciliation of shareholders’ equity and net income of Enel SpA and the Corporate Governance 545 corresponding consolidated figures | 183 > Report on corporate governance and ownership structure | 546 Consolidated financial statements 185 > Financial statements | 186 > Notes to the consolidated financial statements | 193 > Declaration of the Chief Executive Officer and the officer responsible for the preparation of the corporate financial reports | 362 Financial statements of Enel SpA 365 > Financial statements | 366 > Notes to the separate financial statements | 373 > Declaration of the Chief Executive Officer and the officer responsible for the preparation of the corporate financial reports | 446 ION S e VI l p o e p r y o g f o l o y he greatest n ve t g l h so r o c t e r e e t n ow P r world e u w n ing o e ac e f g p es n O g n n i le o l t g ha y c a g n r a e n m e f f o o s S s d p l i E y r a h U o L s w w r A e e V w y n h e t t g r r n n a e e o p n t p e p O w f Tru u e s o t n n s e e o s t p u O p u w N e e n l O n e I p p o S o t O e S p p I u e M r n o e p m r O o f y t i c y i r t t i c e l v i e t o t c s s a e c o c r a n P e p O n o i t a v o n n I ty ibili Respons Enel is Open Power M P a R k I e N W F d C o o ec l is IP rk lo i L w S on E fo Q h s S r u th ar in OF t A ic ro e da C h d k u in ily ON e o ly g fo a DUC i p s h rm ct T n t h w a ivit te a if i ti ies g n t p th on and ra d ri c , b ta t p o om ei ke r io r rit ng espon n o ie m w sibility for them m s itm illin of o if e g t W a te th nt o c ers l s e s, ollab f oth o l, a co pu orate ion o rk re fe n rsu and ope contribut c b tes in n to the fo o eh t c g a c gn a ha ctivi us iz vio ng ties in in r es with d g g an etermination and passion o an d m n d o sa le ve ti ve pr Get sf ra o-a results by xcellence yin gin ctiv aiming for e g g ely Pr cu ind to im g op st ivid prove ll-bein R os om ua conditio and we ec e er l di ns for health, safety o ne s a vers gn w nd ity (c iz so /or ultur .) e m lu co e, gend lity etc e tio -wo er, age, disabilities, persona rit n a rker in nd s, ac c do ting o-w no effecti o t g vely and rap rke ive u idly rs a p wh nd en fa giv ced w e fe ith obstac edb les or failure ack t hat ca n impro ve their contribution Annual Report 2018 4 ION S e VI l p o e p r y o g f o l o y he greatest n ve t g l h so r o c t e r e e t n ow P r world e u w n ing o e ac e f g p es n O g n n i le o l t g ha y c a g n r a e n m e f f o o s S s d p l i E y r a h U o L s w w r A e e V w y n h e t t g r r n n a e e o p n t p e p O w f Tru u e 5 s o t n n s e e o s t p u O p u w N e e n l O n e I p p o S o t O e S p p I u e M r n o e p m r O o f y t i c y i r t t i c e l v i e t o t c s s a e c o c r a n P e p O n o i t a v o n n I ty Report on operations ibili Respons Enel is Open Power M P a R k I e N W F d C o o ec l is IP rk lo i L w S on E fo Q h s S r u th ar in OF t A ic ro e da C h d k u in ily ON e o ly g fo a DUC i p s h rm ct T n t h w a ivit te a if i ti ies g n t p th on and ra d ri c , b ta t p o om ei ke r io r rit ng espon n o ie m w sibility for them m s itm illin of o if e g t W a te th nt o c ers l s e s, ollab f oth o l, a co pu orate ion o rk re fe n rsu and ope contribut c b tes in n to the fo o eh t c g a c gn a ha ctivi us iz vio ng ties in in r es with d g g an etermination and passion o an d m n d o sa le ve ti ve pr Get sf ra o-a results by xcellence yin gin ctiv aiming for e g g ely Pr cu ind to im g op st ivid prove ll-bein R os om ua conditio and we ec e er l di ns for health, safety o ne s a vers gn w nd ity (c iz so /or ultur .) e m lu co e, gend lity etc e tio -wo er, age, disabilities, persona rit n a rker in nd s, ac c do ting o-w no effecti o t g vely and rap rke ive u idly rs a p wh nd en fa giv ced w e fe ith obstac edb les or failure ack t hat ca n impro ve their contribution 6 Annual Report 2018 01 Report on operations Report on operations 7 Enel organizational model The Enel Group structure is organized into a matrix that com- America, Africa, Asia and Oceania), which are respon- prises: sible for managing relationships with institutional bodies > Business Lines (Global Thermal Generation, Global Trad- and regulatory authorities, as well as selling electricity ing, Global Infrastructure and Networks, Enel Green and gas, in each of the countries in which the Group op- Power, Enel X), which are responsible for managing and erates, while also providing staff and other service sup- developing assets, optimizing their performance and the port to the Business Lines. return on capital employed in the various geographical The following functions provide support to Enel’s business areas in which the Group operates. The Business Lines operations: are also responsible for improving the efficiency of the > Global service functions (Global Procurement and Global processes they manage and sharing best practices at Digital Solutions), which are responsible for managing in- the global level. The Group will benefit from a central- formation and communication technology activities and ized industrial vision of projects in the various Business procurement at the Group level; Lines. Each project will be assessed not only on the ba- > Holding company functions (Administration, Finance and sis of its financial return but also in relation to the best Control, People and Organization, Communications, Le- technologies available at the Group level; gal and Corporate Affairs, Audit and Innovability), which > Regions and Countries (Italy, Iberia, South America, Eu- are responsible for managing governance processes at rope and Euro-Mediterranean Affairs, North and Central the Group level.
Load more

Recommended publications
  • Capital Markets Day Presentation (Moscow)
    Capital markets day Efficiency and stability are the name of the game December 8, 2016 Moscow, Russia Capital markets day Agenda Nikolay Shulginov Chairman of • Opening remarks. Preliminary results of 1 the Management Board – RusHydro Group in 2016 General Director George Rizhinashvili • RusHydro Group Development Strategy Management Board member, 2 • Overview of capital raising to refinance RAO ES First Deputy General Director East debt Sergey Kirov Management Board member, • Optimization of capital and operating costs 3 First Deputy General Director • Operating efficiency improvement plan Q&A session 2 Capital markets day RusHydro: the leading Russian utilities and renewables company No. 2 Russian power generation company, GW No.3 world’s hydropower co. by capacity, GW 15% 15% 11% 10% 7% 6% 38.9 38.2(2) 29 27 19 16 38 36 30(2) 29 28 26 Source: companies’ data, System operator Source: companies’ data 15% - share of total installed capacity of Russia No.6 heat producer in the world, mn GCal 12% of total Russia’s electricity output in 2015 12% (2) 1,050 TWh 117 108 45 39 37 31 25 Source: companies’ data Source: companies’ data, System operator 3 Capital markets day RusHydro – a leading Russian genco Russia’s largest genco and one of the world’s largest publicly-traded predominantly hydro generation companies, with capacity of 38.7 GW (ca. 16% of the Russian total) The biggest winner from electricity market liberalization in Russia due to extensive exposure to low- cost hydro generation A developing and succesful dividend story: 5 consecutive
    [Show full text]
  • An Overview of Boards of Directors at Russia's Largest Public Companies
    An Overview Of Boards Of Directors At Russia’s Largest Public Companies Andrei Rakitin Milena Barsukova Arina Mazunova Translated from Russian August 2020 Key Results According to information disclosed by 109 of Russia’s largest public companies: “Classic” board compositions of 11, nine, and seven seats prevail The total number of persons on Boards of the companies under study is not as low as it might seem: 89% of all Directors were elected to only one such Board Female Directors account for 12% and are more often elected to the audit, nomination, and remuneration committees than to the strategy committee Among Directors, there are more “humanitarians” than “techies,” while the share of “techies” among chairs is greater than across the whole sample The average age for Directors is 53, 56 for Chairmen, and 58 for Independent Directors Generation X is the most visible on Boards, and Generation Y Directors will likely quickly increase their presence if the impetuous development of digital technologies continues The share of Independent Directors barely reaches 30%, and there is an obvious lack of independence on key committees such as audit Senior Independent Directors were elected at 17% of the companies, while 89% of Chairs are not independent The average total remuneration paid to the Board of Directors is RUR 69 million, with the difference between the maximum and minimum being 18 times Twenty-four percent of the companies disclosed information on individual payments made to their Directors. According to this, the average total remuneration is approximately RUR 9 million per annum for a Director, RUR 17 million for a Chair, and RUR 11 million for an Independent Director The comparison of 2020 findings with results of a similar study published in 2012 paints an interesting dynamic picture.
    [Show full text]
  • Annual Report 2014
    APPROVED: by the General Shareholders’ Meeting of Open Joint-Stock Company Enel Russia on June 17, 2015 Minutes № 2/15 dd. June 17, 2015 PRELIMINARY APPROVED: by the OJSC Enel Russia Board of Directors on April 22, 2015 Minutes № 05/15 dd. April 22, 2015 2014 ANNUAL REPORT General Director of OJSC Enel Russia June ___, 2015 __________ / K. Palasciano Villamagna/ Chief Accountant of OJSC Enel Russia June ___, 2015 _________ / E.A. Dubtsova/ Moscow 2015 TABLE OF CONTENTS 1. Address of the company management to shareholders .................................................................... 4 1.1. Address of the chairman of the board of directors .................................................................... 4 1.2. Address of the general director .................................................................................................. 6 2. Calendar of events ............................................................................................................................ 8 3. The company’s background............................................................................................................ 11 4. The board of directors report: results of the company priority activities ...................................... 12 4.1. Financial and economic performance of the company ............................................................ 12 4.1.1. Analysis of financial performance dynamics in comparison with the previous period........ 12 4.1.2. Dividend history ..................................................................................................................
    [Show full text]
  • Atti Parlamentari
    Camera dei Deputati – 530529 – Senato della Repubblica XVII LEGISLATURA - DISEGNI DI LEGGE E RELAZIONI - DOCUMENTI - DOC. XV N. 614 %di Denominazione Capitale Metodo di Detenuta %di possesso sociale Sede legale Nazione sociale Valuta Attività consol(damento da possesso del Gruppo Enel Green Power Rio de Janeiro Brasile 144.640.892,85 BRL Produzione e vendita integrale Enel Green 1,00% 100,00% Cristal E61ica SA di energia elettrica da Power fonte rinnovabile Desenvolvimento ;Ltda Enel Green 99,00% PowerBrasil Participaçòes Ltda Enel Green Power Rio de Janeiro Brasile 1.000.000,00 BRL Produzione di energia Integrale Enel Green 99,90% 99,90% Cristalandia I E6lica SA elettrica da fonte Power Brasi! rinnovabile Participaçées Ltda Enel Green Power Rio de Janeiro Brasile 1.000.000,00 BRL Produzione di energia Integrale Enel Green 99,90% 99,90% Cristalandia Il E61ica SA elettrica da fonte Power Brasi! rinnovabile Participaçoes Ltda Enel Green Power Rio de Janeiro Brasile 70.000.000,00 BRL Produzione di energia Integrale Enel Green 1,00% 100,00% Damascena E61ica SA elettrica da fonte Power rinnovabile Desenvolvimento Ltda Enel Green 99,00% Power Brasil Participaçées Ltda Enel Green Power del Santiago Cile 1.000.000,00 CLP Produzione di energia Integrale Enel Green 100,00% 99,91% Sur SpA (già Parque elettrica da fonte Power Chile Ltda E61ico Renaico SpAJ rinnovabile Enel Green Power Rio de Janeiro Brasile 70.379.344,85 BRL Produzione di energia Integrale Enel Green 99,90% 99,90% Delfina A E6lica SA elettrica da fonte Power Brasil rinnovabile Participaçoes
    [Show full text]
  • Enel Russia Discloses Its 2020 Financial Results
    Media Relations PJSC Enel Russia Pavlovskaya 7, bld. 1, Moscow, Russia T +7(495) 539 31 31 ext. 7824 [email protected] enel.ru ENEL RUSSIA DISCLOSES ITS 2020 FINANCIAL RESULTS • 2020 financial results are expectedly lower compared to the previous year, mostly due to change in assets perimeter • Enel Russia’s performance was affected by weak market context due to the continuing low economic activity caused by the COVID-19 pandemic • Throughout 2020 Enel Russia was focused on ensuring continuous business operations and on completing its ongoing construction projects, considering the outbreak of COVID-19 MAIN FINANCIAL HIGHLIGHTS (millions of RUB) 2020 2019 Change Revenues 44,037 65,835 -33.1% EBITDA 9,017 15,318 -41.1% EBIT 5,532 2,842 +94.7% Ordinary EBIT 6,595 11,039 -40.3% Net income 3,625 896 +304.6% Ordinary net income 4,467 7,453 -40.1% Net debt at the end of the period 13,697 4,171 +228.4% Stephane Zweguintzow, General Director of Enel Russia, said: “The change in the company’s assets perimeter after the disposal of Reftinskaya GRES and lower economic activity due to the COVID-19 pandemic were the main factors impacting our ordinary 2020 results. In a challenging context characterized by the pandemic, our company focused on ensuring continuous business operations and actively invested in its renewable projects realization.” Moscow, March 16th, 2021 – PJSC Enel Russia has published its audited consolidated financial statements for 2020 in accordance with the International Financial Reporting Standards (IFRS). • Revenues showed negative dynamics year-over-year mostly due to: – a decrease in electricity and capacity sales considering the company’s new perimeter after Reftinskaya GRES disposal; – a decline in market electricity (DAM) prices, as a result of lower demand in the energy system, caused by weak economic activity due to the COVID-19 pandemic, coupled with stable supply by 1 PJSC Enel Russia – Pavlovskaya 7, bld.
    [Show full text]
  • Enel Russia Received a Right to Put Into Commercial Operation Its First Wind Farm Azovskaya 90 Mw
    Media Relations PJSC Enel Russia Pavlovskaya 7, bld. 1, Moscow, Russia T +7(495) 539 31 31 ext. 7824 [email protected] enel.ru ENEL RUSSIA RECEIVED A RIGHT TO PUT INTO COMMERCIAL OPERATION ITS FIRST WIND FARM AZOVSKAYA 90 MW • Starting from May 1, 2021, Azovskaya WPP obtained the right to supply energy and capacity to the Russian wholesale electricity market Moscow, April 29, 2021 – Today PJSC Enel Russia obtained the right to put into commercial operation its first wind farm in Russia, located in Azov, Rostov region, with installed capacity of 90 MW. The right to sell the energy and capacity to the Russian wholesale electricity market was granted once the relevant notification was issued by Trading System Administrator of Russian wholesale electricity market. That means that starting from May 1, 2021 Azovskaya WPP’s first “green” energy KWh will be supplied to the Russian wholesale electricity market. Moreover, in the near future it is expected to obtain the confirmation on compliance with the localization requirements, what will allow the company to receive 100% payment for capacity. «Today we are witnessing a historical moment for Enel Russia. Azov wind farm, Enel Group’s first wind farm in Russia, allows us to contribute to our strategy to develop renewable energy in the country. Azovskaya WPP start of commercial operation is an important step for our company on the way of business transformation ensuring a lower carbon footprint», - announced Stephane Zweguintzow, PJSC Enel Russia General Director. Construction works were carried out by Enel Green Power, the Group’s business line dedicated to the development and operation of renewables around the world.
    [Show full text]
  • 3. Inter RAO Group Today | 11
    10 | PJSC Inter RAO | 2016 Annual Report 3. INTER RAO GROUP TODAY The Group operates in the following segments: A leading electricity export and import operator in Rus- — Electricity and heat generation sia. The Inter RAO Group’s supply geography comprises — Electricity supply and heat supply Finland, Belarus, Lithuania, Latvia, Estonia, Poland, Nor- — International electricity trading way, Ukraine, Georgia, Azerbaijan, South Ossetia, Ka- A diversified energy holding company — Engineering, power equipment export zakhstan, China and Mongolia. managing assets in Russia, as well as — Management of electricity distribution grids outside Russia Effectively manages power supply companies – guaran- in European and CIS countries. teed suppliers in 12 regions of Russia. Since 2010, PJSC Inter RAO has been rated in the List of Strategic Enterprises and Strategic Joint Stock Compa- Owns independent suppliers of electricity to large indus- nies of the Russian Federation1. trial consumers. GENERATING ASSETS SUPPLY ACTIVITIES ELECTRICITY EXPORT in 2016 THERMAL POWER PLANTS 41 17.0bn kWh ELECTRICITY IMPORT HYDROPOWER PLANTS 62 (including 5 low capacity HPPs) 10 in 2016 IN 62 REGIONS OF RUSSIA bn kWh WIND FARMS 3.1 1 According to the Decree of the President of Russia No. 1190 dated 30.09.2010 PJSC Inter RAO was included in the List of Strategic Enterprises and Strategic Joint-Stock Companies (Section 2 of the List of Open Joint Stock Companies with its assets held in federal ownership managed by the Russian Federation in order to ensure strategic 2 interests of State defence and security, moral values, healthcare, rights and legitimate interests protection of the citizens of the Russian Federation).
    [Show full text]
  • An Overview of Boards of Directors at Russia's Largest
    An Overview of Boards of Directors at Russia’s Largest Public Companies Andrei Rakitin Milena Barsukova Arina Mazunova Translated from Russian August 2020 Key Results According to information disclosed by 109 of Russia’s largest public companies: • “Classic” board compositions of 11, nine, and seven seats prevail • The total number of persons on Boards of the companies under study is not as low as it might seem: 89% of all Directors were elected to only one such Board • Female Directors account for 12% and are more often elected to the audit, nomination, and remuneration committees than to the strategy committee • Among Directors, there are more “humanitarians” than “techies”, while the share of “techies” among chairs is greater than across the whole sample • The average age for Directors is 53, 56 for Chairmen, and 58 for Independent Directors • Generation X is the most visible on Boards, and Generation Y Directors will likely quickly increase their presence if the development of digital technologies continues • The share of Independent Directors barely reaches 30%, and there is an obvious lack of independence on key committees such as audit • Senior Independent Directors were elected at 17% of the companies, while 89% of Chairs are not independent • The average total remuneration paid to the Board of Directors is RUR 69 million, with the difference between the maximum and minimum being 18 times • Twenty-four percent of companies disclosed information on individual payments made to their Directors. According to this, the average total remuneration is approximately RUR 9 million per annum for a Director, RUR 17 million for a Chair, and RUR 11 million for an Independent Director The comparison of 2020 findings with results of a similar study published in 2012 paints an interesting dynamic picture.
    [Show full text]
  • Supplement No. 2 Dated 8 October 2019 to the Base Prospectus Dated 17 December 2018
    Supplement No. 2 dated 8 October 2019 to the Base Prospectus dated 17 December 2018 ENEL — Società per Azioni (incorporated with limited liability in Italy) as an Issuer and Guarantor and ENEL FINANCE INTERNATIONAL N.V. (a limited liability company incorporated in The Netherlands, having its registered office at Herengracht 471, 1017 BS Amsterdam, The Netherlands) as an Issuer €35,000,000,000 Euro Medium Term Note Programme This supplement (the “Supplement”) is supplemental to, and should be read in conjunction with, the base prospectus dated 17 December 2018, as supplemented by the supplement no. 1 dated 9 May 2019, (the “Base Prospectus”) issued for the purpose of giving information with regard to the issue of notes (the “Notes”) by ENEL – Società per Azioni (“ENEL”) and ENEL Finance International N.V. (“ENEL N.V.”) guaranteed, in the case of Notes issued by ENEL N.V., by ENEL under the €35,000,000,000 Euro Medium Term Note Programme (the “Programme”) during the period of twelve months after the date of the Base Prospectus. This Supplement is issued in accordance with Article 16 of Directive 2003/71/EC, as amended or superseded (the “Prospectus Directive”) and constitutes a supplement to the Base Prospectus for the purposes of the Prospectus Directive. This Supplement has been approved by the Central Bank of Ireland (the “Central Bank”), as the competent authority under the Prospectus Directive. The Central Bank only approves this Supplement as meeting the requirements imposed under Irish law and EU law pursuant to the Prospectus Directive. The Central Bank has been requested to provide a certificate of approval and a copy of the Base Prospectus and this Supplement to the relevant competent authority in Luxembourg.
    [Show full text]
  • Base Prospectus Dated 9 January 2020
    Base Prospectus dated 9 January 2020 ENEL – Società per Azioni (incorporated with limited liability in Italy) as an Issuer and Guarantor and ENEL FINANCE INTERNATIONAL N.V. (a limited liability company incorporated in The Netherlands, having its registered office at Herengracht 471,1017 BS Amsterdam, The Netherlands) as an Issuer €35,000,000,000 Euro Medium Term Note Programme On 7 December 2000 ENEL — Società per Azioni (“ENEL” or the “Company”) entered into a Global Medium Term Note Programme (the “Programme”) and issued an offering circular on that date describing the Programme. The Programme was subsequently updated, most recently on 17 December 2018. This base prospectus (the “Base Prospectus”), which provides for the Programme to be a Euro Medium Term Note Programme, supersedes all previous offering circulars. Any Notes (as defined below) issued under the Programme on or after the date of this Base Prospectus are issued subject to the provisions herein. This does not affect any Notes already issued. Under the Programme, each of ENEL and ENEL Finance International N.V. (“ENEL N.V.”) may from time to time issue notes (the “Notes”) denominated in any currency agreed between the relevant Issuer and the relevant Dealer (as defined below). References in this Base Prospectus to the “relevant Issuer” shall, in relation to any Tranche of Notes, be construed as references to the Issuer which is, or is intended to be, the Issuer of such Notes as indicated in the applicable Final Terms. The payment of all amounts owing in respect of Notes issued by ENEL N.V. will be unconditionally and irrevocably guaranteed by ENEL in its capacity as guarantor (the “Guarantor”).
    [Show full text]
  • End-Users Electricity Analysis of a DC-Coupled Hybrid Microgrid By
    Energy Systems Research, Vol. 1, No. 3, 2018 Implementation Of International Corporate Governance Standards In Russian Electric Power Industry G. I. Sheveleva* 1 Melentiev Energy Systems Institute of Siberian Branch of the Russian Academy of Sciences, Irkutsk, Russia Abstract — The paper considers the implementation I. INTRODUCTION of international corporate governance standards in Russian power generation companies. The The world experience of corporate governance shows implementation is mainly determined by analyzing that it is impossible to ensure the inflow of foreign whether or not Russian companies comply with investment and the successful development of companies Russia’s Corporate Governance Code criteria that are without an effective management system. Such a system based on these standards. An in-depth analysis involves helps determine the goals of a company and the methods additional assessments. These are the assessment of of their achievement, and constantly monitor the activity Russian boards of directors by Spencer Stuart; the of the company. High quality corporate governance Transparency International assessment of corporate provides access to capital markets and reduces its cost, reporting transparency in the largest Russian gives investors confidence that the capital they provide companies; the assessment of the Corporate Governance will increase the company’s capitalization, and will not Index of Russia based on the Good Governance Index be appropriated by corporate executives, the board of and an international methodology
    [Show full text]
  • Open Power for a Brighter Future
    9 1 0 nanziaria annuale 2 fi elazione R OPEN POWER FOR A BRIGHTER FUTURE WE EMPOWER SUSTAINABLE PROGRESS enelrussia.ru ANNUAL REPORT 2019 ANNUAL REPORT 2019 To improve the operational efficiency of the power plants PJSC Enel Russia is introducing modern digital technologies. One of the projects of this kind is predictive analytics which detects negative dynamics in the operation of equipment at the early stages and, therefore, reduces CCGT operational risks. All power plants are equipped with e-Planner tool which enables additional control of the preparation process to maintenance campaign and provides a visual representation of key milestones. EtaPRO System was successfully introduced as part of the Heat Rate Management digital project. Every unit of gas power plant main equipment now can be monitored using an individual model which allows to keep a record of reasons of heat rate deviations in the real-time mode, to analyze reasons of losses and to develop a more detailed maintenance program as well as to control the quality of the works performed after the maintenance is completed. Health, Safety, Environment and Quality remains one of the main priorities of the company. We successfully implemented the SHE 365 project (Safety, Health, Environment 365 days) aimed to ensure everyday industrial safety and to incentivize employees to develop initiatives in operation, maintenance and interaction with contractors. A number of health and environment improvement plans have been implemented as part of the project. As far as the environment is concerned, the company focused mainly on decarbonization, reporting Address to shareholders 102-14 digitalization, water consumption optimization.
    [Show full text]