Metals and Mining
Company Overview of En+ Group Ltd.
En+ Group Ltd., through its subsidiaries, engages in metals, mining, energy, and logistics businesses in the Russian Federation and internationally. It produces and supplies non-ferrous metals and end products that are used in military, aircraft building, transportation, ship building, packaging, and construction industries. The company also engages in hydro and nuclear power generation; engages in coal mining; the production and processing of minerals, including ferromolybdenum, and other minerals, such as iron ore, copper, and rare earth metals. It also provides logistics services to group’s businesses. The company was founded in 2002 and is based in Moscow, Russian Federation.
1a Granatny Lane
Founded in 2002
Key Executives for En+ Group Ltd.
Chief Executive Officer and Director
Managing Director of Coal Business
Deputy Chief Executive Officer
Compensation as of Fiscal Year 2015.
En+ Group Ltd. Key Developments
WWF Russia, En+ Group, and EuroSibEnergo Complete Comprehensive Study on Prospective Hydropower Plants’ Impact on the Ecosystem and Socio-Economic Development of the Amur River Basin
Aug 3 15
WWF Russia, En+ Group, and EuroSibEnergo have completed a comprehensive study on the existing and prospective hydropower plants’ impact on the ecosystem and socio-economic development of the Amur River basin. The partners launched a joint project in 2012. The objective of the study was to identify key environmental, economic, and social factors that needed to be considered when deciding whether to untap the Amur basin’s hydropower generation potential. The Amur basin has significant hydropower resources and can potentially become a major regional energy center. The ultimate goal of the strategic assessment was to identify hydropower dam location options with the least environmental costs for the whole Amur basin and the maximum social and economic benefit to the region. More than 30 experts reviewed several scenarios of hydropower potential development of the Amur basin. Location options for 26 potential and two existing HPPs, on the Zeya and the Bureya rivers, were analyzed. The experts of Geography Faculty of Lomonosov Moscow State University, Roshydromet, Amur Branch of the Federal Water Resources Agency (RosVodResursy), Federal Service for Oversight of Natural Resource Use (Rosprirodnadzor) in the Jewish Autonomous Region, the Ministry of Natural Resources of the Trans-Baikal Territory, and the B. E. Vedeneev All-Russia Research Institute of Hydraulic Engineering (VNIIG) presented their reviews of the research. The results have shown that the biggest environmental impact on freshwater ecosystems may be caused by hydropower facilities located on the main stem and the sources of the Amur River: the Khinganskaya (Taipinggou), Amazarskaya (Mohe), Novovoskresenovskaya, and Dzhalindinskaya dams on the Amur, the Ust-Urovskaya dam on the Argun and the Transsibirskaya dam on the Shilka. The Verkhne-Nimanskaya, Nizhne-Bureyskaya, and Usmanskaya dams in the Bureya basin, and the Okononskaya, Dzharyskinskaya, and Ivanovskaya dams in the Zeya basin are the most sustainable ones. The already existing Bureyskaya and Zeyskaya dams and the prospective Amazarskaya, Transsibirskaya, Nizhne-Zeyskaya, Verkhne-Zeyskaya, and Verkhne-Nimanskaya HPPs turned out to be the most efficient ones in terms of socio-economic regional development of the Amur basin. Several HPPs, including the Transsibirskaya one, were shown to be somewhat unbalanced solutions within the integrated approach framework, while Rusinovskaya, Ust-Karskaya, and Chalbinskaya HPPs were shown to produce the lowest socio-economic results.
En+ Group Announces Consolidated Financial Results for the Year 2014
May 26 15
En+ Group announced consolidated financial results for the year 2014. The group’s consolidated revenue dropped 6% to $11.9 billion in 2014 year on year amid a volatile commodity price environment, the suspension of high cost aluminium and ferromolybdenum smelters and a depreciation of the Russian rouble. Adjusted EBITDA reached $2.2 billion in 2014, which is 60% higher than in 2013. The significant increase derives from enhanced efficiencies and cost reductions throughout the Group's businesses, as well as an appreciation of the year average aluminium price.
EuroSibEnergo In Talks To Acquire 40% Stake In Irkutskenergo
May 26 15
OOO EuroSibEnergo is continuing discussions with Open Joint-Stock Company INTER RAO UES (MICEX:IRAO) regarding acquiring stake in Irkutsk Joint Stock Company of Energetics and Electrification (MICEX:IRGZ) (Irkutskenergo). En+ Group Ltd.’s Chief Executive Officer Maxim Sokov said: "This is a logical affair that completely fits into industrial logic both for us and for Inter RAO as well. That is, for us this is consolidation of energy assets on the books of EurosibEnergo and for Inter RAO this is essentially the sale of a noncore asset where they don't have control…I don't think that it will be surprising to say that there is a dialog. It's just that there is no result yet, but nonetheless there is a dialog." He added: "We're discussing with Chinese power companies the possibility of their acquisition of an equity interest in En+, as well as Eurosibenergo. With funds from potential investors we could, among other things, finance a deal to buy out the Irkutskenergo stake from Inter RAO." The acquisition of the 40% stake in Irkutskenergo could also be financed with bank loans, he stated.
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