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 ...

Locked content Enea announces big plans for coming year

Electricity distributor Enea has signed deals with Poland’s Ministry of Energy to complete work that will develop electricity distribution and increase connection capacity, the company said in a press release on Thursday. The value of the projects was said to be over PLN 67 million. By the end...

Locked content Enea confirms Połaniec Plant takeover

Enea confirmed in a press release on Tuesday that it will acquire 100 percent of the shares of Engi Polish Energy, Poland’s fifth-largest energy company and one that owns Poland’s largest biomass power plant – Połaniec. A report earlier this month in this publication indicated that...

Locked content Polimex-Mostostal announced major issuing of shares

Poland’s largest energy companies have moved to acquire a large stake in giant construction and engineering firm Polimex-Mostostal. PGE, Enea, Energa and PGNiG signed a letter of intent with Polimex-Mostostal for potential investment in the company of 150 million shares and the latter’s ...