PJSC EL5-Energo has completed the reorganization process that began on December 29, 2025 in the form of joining JSC VDK-Energo and LLC LUKOIL-Ekoenergo. This is stated in the company's message.
On April 1, 2026, the state registration of the completion of the reorganization process of EL5-Energo was carried out in the Federal Tax Service of Russia, within the framework of which VDK-Energo and LUKOIL-Ekoenergo joined EL5-Energo. VDK-Energo and LUKOIL-Ekoenergo have ceased operations. EL5-Energy is the legal successor of these organizations. Also, on April 1, 2026, the registrar (Registrar Garant LLC) of EL5-Energo made an entry in the register of shareholders on the placement of shares through conversion and exchange.
As a result of the reorganization of EL5-Energo, the number of power plants increased to 25 from 5, the total installed electric capacity increased to 9.5 GW, and thermal capacity increased to 8.9 thousand. Gcal/hr. The company includes 5 hydroelectric power plants, 3 solar power plants, 12 thermal generation facilities, as well as heating networks in the Astrakhan, Volgograd and Rostov regions.
The shareholders of EL5-Energo approved the reorganization on December 26, 2025.
PJSC EL5-Energo is a Russian generating company. The production branches of PJSC EL5-Energo are three gas stations: Konakovskaya GRES, Nevinnomysskaya GRES and Sredneuralskaya GRES, as well as wind farms — Azovskaya WPP and Kola WPP.
The share capital structure as of January 31, 2025: LUKOIL — 65.63%, PPIT-7 LLC — 5.54%, minority shareholders — 28.83%.
EL5-Energy's net profit under IFRS for 2025 increased 2.4 times to 10.69 billion rubles from 4.5 billion rubles a year earlier. Revenue increased by 18.3% to 81.08 billion rubles from 68.56 billion rubles, EBITDA increased by 31.4% to 17.77 billion rubles from 13.53 billion rubles.
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