Electricity

Enel’s subsidiary posts EUR 64 million profit in Q1

Published

May 9, 2015

Country

Comments

0

Share

Published:

May 9, 2015

Country:

Comments:

0

Share

Enel’s EBITDA in Romania fell by 1.5% in the first quarter, from EUR 65 million a year ago to EUR 64 million, according to data released by the Italian group and quoted by Mediafax.

The company has obtained earnings before interest and taxes (EBIT) down by 26% from EUR 50 million a year ago to EUR 37 million. Revenues decreased by 3.6% from EUR 275 million in the first quarter of 2014 to EUR 265 million, Business-review.eu portal reported.

Enel owns in Romania, through Enel Green Power, a net installed, renewable capacity of 534 MW. Out of it, the net installed capacity from wind is 498 MW and 36 MW from other sources. The level of production obtained from renewable sources is 428 MW. Of this total, 421 MW represent wind energy production and 7 MW from other renewable energy sources.

Ebitda obtained by Enel in Eastern Europe, region which includes also Russia, Slovakia, and other regions, fell by 17.4% in the first quarter, from EUR 282 million to EUR 233 million. Enel has 2.6 million clients in Romania.

Tags:

Related Articles

EU-completing-Green-Deal-Industrial-Plan-Net-Zero-Industry-Act

EU completing Green Deal Industrial Plan as Net Zero Industry Act awaits go-ahead

01 May 2024 - The European Union's Net Zero Industry Act is about to come into force, completing legislative work within the Green Deal Industrial Plan

Dubravka Dedovic Djedovic Handanovic reappointed Serbia minister of energy mining

Dubravka Đedović Handanović reappointed as Serbia’s minister of energy, mining

30 April 2024 - Minister of Energy and Mining Dubravka Đedović Handanović is keeping her seat in the new cabinet while Minister of Environmental Protection Irena Vujović is also becoming deputy prime minister

G7-andrew-bowie-coal-phaseout

UK minister: G7 reaches ‘historic’ deal to abandon coal in first half of 2030s

30 April 2024 - An official statement on the G7 decarbonization commitments is due later today

Renewable electricity share Turkey 50

Renewable electricity share in Turkey nears 50%

29 April 2024 - Renewable sources had a 49.3% share in Turkey last month. Minister Mehmet Şimşek said USD 100 billion would be invested within ten years.