En+ Group (MOEX: ENPG), a Russian energy and metals holding company and the world's leading producer of low-carbon aluminum and renewable energy, has been included in Forbes Russia's 2024 ranking of Russia's largest corporate investors.
When compiling the rating, Forbes Russia took into account the total volume of investments in the acquisition of fixed and intangible assets, share buybacks, investments in joint ventures and new businesses in 2023.The list included companies registered in Russia or owned by Russian shareholders with a stake of more than 50%.
According to Forbes Russia, En+ increased its investment volume by 6.4% to 126.1 billion rubles (USD 1,27 billion) in 2023. The holding company ranked among the top 3 largest energy company investors in Russia, being the only private company among them.
En+ maintains a consistently high level of investments aimed at developing production capacity. The majority of En+'s assets in the energy and metallurgical segments are concentrated in Siberian regions, with the holding allocating significant funds for capital construction and production modernization.
For this purpose, the Company will build 3 new power units at CHP-11 in Usolye-Sibirskiy (Irkutsk Region, Russia) with a total capacity of 690 MW. The Company is also implementing the New Energy programme at its hydroelectric power plants, under which hydroelectric units and impellers are replaced. As a result, the volume of ‘green’ energy generated by HPPs has already increased by 2.2 billion kWh per year with a comparable volume of water used. Investments in the programme until 2026 amount to RUB 21 billion (USD 210,2 million). The Energy Segment implements small and renewable energy projects and a large-scale CHP modernisation programme.
En+ also directs significant funds to social projects aimed at developing regions under its responsibility and improving quality of life, building playgrounds and sports centers, restoring historical heritage sites, and creating modern public spaces. A program for constructing new residential quarters is being implemented in small cities.
As part of the strategic objective of creating a talent pool for Russian industry, the company implements educational projects in schools, universities, and colleges aimed at preparing qualified personnel for the sector. En+ also operates support programs for current employees.
Overall, in 2023, En+ allocated more than 5.3 billion rubles (USD 53 million) to social projects and 17.6 billion rubles (USD 176,1 million) to environmental protection projects.
When compiling the rating, Forbes Russia took into account the total volume of investments in the acquisition of fixed and intangible assets, share buybacks, investments in joint ventures and new businesses in 2023.The list included companies registered in Russia or owned by Russian shareholders with a stake of more than 50%.
According to Forbes Russia, En+ increased its investment volume by 6.4% to 126.1 billion rubles (USD 1,27 billion) in 2023. The holding company ranked among the top 3 largest energy company investors in Russia, being the only private company among them.
En+ maintains a consistently high level of investments aimed at developing production capacity. The majority of En+'s assets in the energy and metallurgical segments are concentrated in Siberian regions, with the holding allocating significant funds for capital construction and production modernization.
For this purpose, the Company will build 3 new power units at CHP-11 in Usolye-Sibirskiy (Irkutsk Region, Russia) with a total capacity of 690 MW. The Company is also implementing the New Energy programme at its hydroelectric power plants, under which hydroelectric units and impellers are replaced. As a result, the volume of ‘green’ energy generated by HPPs has already increased by 2.2 billion kWh per year with a comparable volume of water used. Investments in the programme until 2026 amount to RUB 21 billion (USD 210,2 million). The Energy Segment implements small and renewable energy projects and a large-scale CHP modernisation programme.
En+ also directs significant funds to social projects aimed at developing regions under its responsibility and improving quality of life, building playgrounds and sports centers, restoring historical heritage sites, and creating modern public spaces. A program for constructing new residential quarters is being implemented in small cities.
As part of the strategic objective of creating a talent pool for Russian industry, the company implements educational projects in schools, universities, and colleges aimed at preparing qualified personnel for the sector. En+ also operates support programs for current employees.
Overall, in 2023, En+ allocated more than 5.3 billion rubles (USD 53 million) to social projects and 17.6 billion rubles (USD 176,1 million) to environmental protection projects.
