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 Energa appoints Klimiuk as acting CEO

WSE-listed power utility Energa appointed its COO Alicja Klimiuk as acting CEO following the resignation of CEO Daniel Obajtek, who became the CEO of fuel giant Orlen on Monday, Energa said in a market filing. “Nothing changes in terms of priorities, investments. The continuity of management is assu...

Locked content Energa with PLN 525 mln EBIDTA in Q4 – prelim. figures

WSE-listed energy firm Energa recorded consolidated EBITDA of PLN 525 million in Q4 2017 and of PLN 2.16 billion for the whole year, according to the company’s estimates. The group produced 4,281 GWh of energy in 2017, distributed 22,068 GWh and sold 20,615 GWh of power in last year. “Cost optimizat...

Locked content Energa reverses PLN 138 mln impairment

WSE-listed power utility Energa has reversed its PLN 138 million impairment on generation units and as a result, expects its net profit for 2017 to be boosted by PLN 114.9 million. “As a result of impairment tests carried out for the fourth quarter of 2017, we’ve increased the recoverable value of w...

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 Energa with PLN 500 mln EBIDTA in Q3

Energy firm Energa recorded consolidated EBITDA of PLN 500 million in Q3 2017 and of PLN 1.643 billion for the first nine months of the year, according to the company’s estimates. The group produced 1,059 GWH of energy in Q3, distributed 5,446 GWh and sold 5,092 GwWh of power in Q3 of the year…...

Locked content Energa gets PLN 166 mln funding for smart grid project

WSE-listed, state-owned utility Energa signed a co-financing deal with the Energy Ministry for the development of a smart grid, the company said in a market filing. The project, with an estimated cost of PLN 240.6 million, will receive PLN 166.3 million in state funding. “This is a tremendous suppor...