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27.6.2017 | 15:57

Elenia Oy has signed new syndicated credit facilities totaling EUR 470 million with a syndicate of eight banks. The credit facilities consist of EUR 350 million Capex Facility, EUR 60 million Working Capital Facility, and EUR 60 million Liquidity Facility. The credit facilities replace similar credit facilities signed in December 2013. The lenders in the new syndicate are BNP Paribas, Crédit Agricole Corporate and Investment Bank, Danske Bank, Royal Bank of Canada, Royal Bank of Scotland, Skandinavista Enskilda Banken, Siemens Bank and Sumitomo Mitsui Banking Corporation.

19.4.2017 | 11:30
Elenia Group's annual report for 2016 has been published. The annual report includes description of the main activities and the development in year 2016 and consolidated financial statements. The annual report and financial statements are available on the company's website at: 
 
More information:
Elenia Oy
Tommi Valento
CFO
+358 40 7208951
 

11.4.2017 | 8:08
Elenia Finance Oyj, a fully owned subsidiary of Elenia Oy, has issued and sold fixed-rate guaranteed secured senior notes in the total principal amount of €138,500,000 through a private placement to institutional investors in North America as follows:

31.3.2017 | 13:00

Media Release 31 March 2017

The electricity network company Elenia increases its distribution tariffs by an average of 6% at the beginning of May. The impact of the price increase on the tax-exclusive price will be on average 9.4%. The price change is driven by investments in weatherproof network and the transmission system operator Fingrid´s increase in transmission tariffs.

16.2.2017 | 9:30
Elenia’s deficit for 2016–2017 is estimated to be close to 90 million euros

13.1.2017 | 14:02

Elenia´s planned network investments exceed EUR 120 million this year. The investments are made in all operational areas of Elenia including Häme, Pirkanmaa, Central Finland as well as Southern and Northern Ostrobothnia.
 
Elenia’s long-term investment programme improves the security of supply and promotes local employment within Elenia’s network area. Elenia constructs this year approximately 3000 kilometers of weatherproof electricity network. The underground cabling is carried out by Elenia’s wide group of contractor partners in all provinces of the network area.

22.12.2016 | 8:12

Elenia Finance Oyj, a fully owned subsidiary of Elenia Oy, has issued and sold 2.515% fixed-rate guaranteed secured senior notes in the total principal amount of €25,000,000 due in December 2031 through a private placement to an institutional investor in Canada.  

15.12.2016 | 7:57

Elenia Finance Oyj, a fully owned subsidiary of Elenia Oy, has issued and sold fixed-rate guaranteed secured senior notes in the total principal amount of €100,000,000 through a private placement to an institutional investor in the United States. The issuance consists of the following tranches:

€29 million 2.22% Senior Secured Notes due 2029
€29 million 2.38% Senior Secured Notes due 2031
€42 million 2.50% Senior Secured Notes due 2033 

2.12.2016 | 16:34

The composition of the board of directors of Elenia Oy has changed. Peter Lyneham has ceased to be a member of the board of directors of Elenia Oy, effective as of 1 December 2016. Robert Clark has been appointed as a new member of the board of directors of the company on 1 December 2016.
 

26.9.2016 | 14:06

Distribution system operator Elenia has entered into long-term construction and maintenance agreements with its partners. The agreements cover construction and maintenance of electricity distribution networks, fault repair and customer-initiated site services. The term of the agreements is seven years including options periods and the annual contract value is approximately 30 million euros.

Effective from February 2017, Elenia’s annual agreement partners are Pohjolan Werkonrakennus Oy, Empower PN Oy, Eltel Networks Oy, Voiman Oy, Sähkömirake Oy and Relacom Finland Oy.

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