Locked content Enea doesn’t plan to change dividend policy

WSE-listed power utility Enea does not plan to change its dividend policy, CEO Mirosław Kowalik said. “The dividend policy stays, Enea remains a dividend company, ” Kowalik said during a press conference. He specified that the management decided to recommend retention of profit for 2017 ...

Locked content Energa: No appeals in the Ostrołęka plant expansion tender

WSE-listed power utility Energa said that it has received no appeals against the outcome of the tender for its Ostrołęka power plant expansion. The tender was won by a GE Power/Alstom Power consortium which bid PLN 5.05 billion to construct the block. Three offers were submitted in the tender for th...

Locked content Enea interested in offshore wind farms

WSE-listed power utility Enea is interested in investing in offshore wind farms, the company’s CEO Mirosław Kowalik said. “Looking at what is happening in Europe, how much the costs of the capex are optimized. It’s an interesting direction. There are some projects that we are interested in, but it&#...

Locked content Enea with PLN 1.07 bln 2017 net profit

WSE-listed power utility Enea generated an attributable net profit of PLN 1.07 billion in 2017, and PLN 284 million in Q4, according to the company’s preliminary financial results. The company’s revenue from sales stood at PLN 11.4 billion, EBITDA reached PLN 2.68 billion, and EBIT at PLN 1.49...

Locked content Enea to reverse PLN 879 mln impairment

WSE-listed power utility Enea will reverse the previously booked PLN 879.3 million impaired on in shares in its generation unit Enea Wytwarzanie. The company added that this is an accounting move and would not affect company’s financial results for last year. The valuations are preliminary and can s...

Locked content Energy market to be consolidated?

According to the Energy Minister Krzysztof Tchórzewski, the government is mulling further consolidating power companies it controls, however he claimed that he is not an instigator of such discussions. “Various discussions are being conducted, including this subject, but such ideas are not inspired ...