Locked content PGE in talks to cofinance the Ostrołęka coal-powered block

WSE-listed and state-controlled power utility PGE has launched talks with its peers Energa and Enea to be involved in the construction of a new, coal-fired power block in the Ostrołęka powerplant, the company said in a market filing. Enea and Energa each have 50 percent in the SPV running the projec...

Locked content Mennica Polska plans to buy Enea shares for up to PLN 80 mln

Mennica Polska made a decision – conditioned by approval of supervisory board – to buy Enea shares for up to PLN 80 million. The investment should be carried out by December 31, 2019. The Management Board will analyze Enea’s financial ratios on an on-going basis and, based on them,...

Locked content Enea Q2 net profit down at PLN 190.4 mln

Enea net profit attributable to shareholders fell to PLN 190.4 million in Q2 from PLN 285.9 million a year ago. Operating profit declined to PLN 294.1 million from PLN 399 million in Q2 2017. Revenue from net sales stood at PLN 6.04 billion. In Q2 the company generated almost 6.5 TWh of electricity,...

Locked content Energa approves Ostrołęka plant expansion

Shareholders, of the WSE-listed, state-controlled power utility Energa granted “a directional consent” to launch the construction stage of the new coal-fired block at Ostrołęka plant, the company said in a market filing. Another stakeholder in the project, WSE-listed, state-run utility Enea will mak...

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...