Locked content Enea wants to buy imported coal from Węglokoks

WSE-listed, state-owned utility Enea is in talks with state-controlled coal trader Węglokoks to buy imported coal, Enea’s CEO Mirosław Kowalik said, adding that the company is not currently facing a supply deficit. “At present, we don’t see a need to import coal, but Węglokoks came to us with ...

Locked content Enea with lower-than-projected H1 net profit

WSE-listed power utility Enea generated a consolidated net profit of PLN 581 million in H1, down from PLN 608 million from the earlier released preliminary estimates and up from PLN 442 million net profit the year before. The company’s revenue stood at PLN 5.69 billion, compared with PLN 5.72 ...

Locked content Poland won’t be building more conventional coal plants

Poland won’t be building any new conventional coal-fired power blocks once the new Energa’s Ostrołęka unit is built, the Minister of Energy Krzysztof Tchórzewski said. Instead, Poland will be looking into coal gasification technology with the planned PLN 5 billion 500 MW block planned by Enea, which...

Locked content Enea net profit reaches PLN 606 mln in H1 – estimates

WSE-listed power utility Enea generated a consolidated net profit of PLN 606 million in H1, up from PLN 471 million the year before, according to the company’s preliminary financial results. The company’s revenue stood at PLN 5.6 billion, similar to last year’s H1 results EBITDA reached PLN 1....
Image: Cushman & Wakefield

Enea stays in Skalar Office Center in Poznań

Energy group Enea has renewed its lease agreement for space in the Skalar Office Center in Poznań and taken up an additional over 1,000 sqm of office area in the building. Cushman & Wakefield brokered the transaction representing the landlord and investor of the property, Górecka Projekt. The fi...

Locked content Enea confirms PLN 321 mln Q1 net profit

WSE-listed power utility Enea confirmed its preliminary Q1 financial results with PLN 321.2 million net profit (10.16 percent y/y growth), and PLN 666 million EBITDA (0.3 percent y/y decline) Earnings fell in the core segment of distribution on account of costs, a decline offset by strong volumes in...

Locked content Enea with PLN 849 mln profit in 2016 – preliminary results

WSE-listed power utility Enea posted PLN 849 million consolidated net profit in 2016, while EBITDA stood at PLN 1.119 billion, according to the company’s preliminary financial results For Q4 alone, Enea had PLN 128 million profit and PLN 499 EBITDA. The Q4 results were affected by several negative o...

Locked content Enea takeover of Engie Energia Polska approved

WSE-listed power utility Enea received all necessary approvals to takeover the Polish assets of French group Engie. Enea met all conditions precedent in the deal signed with Engie in late December, including the consent of Poland’s Energy Minister and antitrust watchdog UOKiK. Moreover, Engie&...

Locked content Four energy firms sign memorandum to purchase Polish assets of EDF

Four companies – Enea, Energa, PGNiG Termika and PGE have signed a Memorandum of Understanding regarding negotiations over the purchase of assets of gas and electricity supplier, EDF, according to a press release jointly issued by the companies on Sunday. The deal, if it goes ahead as planned, will ...

Locked content Huge electricity failure in western Poland resolved

A power failure that began early Sunday morning and caused the loss of power to 19,000 farms in the areas of Wielkopolska near Czarnków, Ujścia and Trzcianka was fixed by late Sunday afternoon, a spokesperson for the energy company Enea, which supplies electricity to the region, told the press. The ...