Locked content Energa’s three lawsuits against windfarm operators dismissed

A subsidiary of WSE-listed power group Energa, Energa-Obrót had three of its lawsuits demanding nullification of its contracts with windfarms rejected by an arbitration court, the company said in a market filing. The company is considering filing an appeal and is analyzing the potential financial im...

Locked content Energa Q1 net profit down at PLN 275 mln

Energa consolidated net profit in Q1 declined to PLN 275 million from PLN 210 million a year ago, the company reported. EBITDA grew by 4 percent y/y to PLN 626 million. The result had a positive impact from “limiting additional legal and contractual burdens.”  Sales revenue in Q1 slightly fell to PL...

Locked content Energa working on 10-year R&D strategy

Energa plans to announce its ten-year Strategic Research Agenda in the third quarter of 2018, the company stated. “The Strategic Research Agenda is a ‘road map’ that will specify the direction for R&D and innovation,” Energa said. According to the firm’s Innovation Strategy, Energa will invest P...

Locked content Energa with PLN 626 mln Q1 EBITDA – estimates

WSE-listed power utility Energa had a PLN 626 million EBITDA in Q1, according to the company preliminary results. Out of that figure, PLN 509 million came from the distribution sector. Last year, the company posted a PLN 601 million EBITDA. The company produced 1,039 GWh electricity and distributed ...

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 Energa: Ostrołęka contractor to be announced ‘within days’

WSE-listed power group Energa will announce the winner of the tender to build its new gas-powered block in Ostrołęka “within days,” acting CEO Alicja Klimiuk said. The company received three bids ranging from PLN 4.85 billion to PLN 9.59 billion. Furthermore, Energa wants the block to take part in t...

Locked content Energa with PLN 221 mln Q4 profit

WSE-listed energy firm Energa posted a PLN 221 million Q4 attributable net profit, up by 176.3 percent y/y, while EBITDA reached PLN 517 million, below the preliminary estimate of PLN 525 million. For the whole 2017, net profit amounted to PLN 773 million, up from PLN 151 million in 2016, while EBIT...