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 ...

Locked content Tchórzewski: power block in Ostrołęka will be built

According to the Minister of Energy Krzysztof Tchórzewski, state-run power utilities Enea and Energa will go through with the construction of the 1,000 MW power block in Ostrołęka despite bids for its construction exceeding the budget set by utilities. “I don’t think so,” Tchórzewski said when...

Locked content Enea confirms Q3 results

WSE-listed power utility Enea confirmed its earlier estimate of PLN 214 million Q3 net profit, which is 14.4 percent y/y decrease. EBITDA was down by 5.3 percent to PLN 589 million, while revenues grew by 4.7 percent y/y to PLN 2.8 billion. The company plans to exceed PLN 4 billion CAPEX this year, ...

Locked content Enea with PLN 214 mln Q3 net profit – prelim. results

WSE-listed power utility Enea generated a consolidated net profit of PLN 838 million at end-Q3, according to the company’s preliminary financial results. The company’s revenue from sales stood at PLN 8.39 billion, EBITDA reached PLN 1.94 billion, and EBIT at PLN 1.07 billion. For Q3 alone, the...

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....