The acquisition of Enel Romania by DEI has led to a significant increase of the company’s size – including customers, production base, and networks – while at the financial level, its operational profit (EBITDA – Earnings Before Interest, Tax, Depreciation, and Amortization) will be boosted by around 300-350 million euros. This means that the group’s EBITDA – projected at EUR 1.2 billion this year – would have been over EUR 1.5 billion with the full 12-month integration of the Romanian subsidiary’s figures, as well as that the targets of its existing business plan will be achieved 18 months earlier.
The acquisition of Enel Romania means an increase in DEI’s customers by 55 per cent (from 5.6 to 8.7 million) an increase in its renewables generation capacity by 23 per cent (from 3.9 to 4.8 gigawatts), an increase in its length of distribution networks by 133.000km, and an increase in its recurring EBITDA by 300 million, from 1.2 to 1.5 billion.
DEI’s management has focused heavily on the development of Renewable Energy Sources. For this month, DEI’s RES units are expected to produce about 669 megawatts of clean energy, while another 355 megawatts will be added in the next 6 months. DEI’s intentions is to add 1.2 gigawatts more during the next 18 months, at most. DEI’s ultimate goal – at this point – is to produce 5.1 gigawatts of renewable energy.
Enel Romania is one of the key players in the Romanian, and the Balkan energy market. Enel also owns the distribution network which provides energy to three key regions of the country – including Bucharest, which is by far the most important region in the country. DEI’s acquisition of Enel is an incredible success for the Greek company, which – after several years on the verge of economic collapse – has become one of the most successful energy companies in Eastern Europe.