Locked content PGE in talks to cofinance the Ostrołęka coal-powered block

WSE-listed and state-controlled power utility PGE has launched talks with its peers Energa and Enea to be involved in the construction of a new, coal-fired power block in the Ostrołęka powerplant, the company said in a market filing. Enea and Energa each have 50 percent in the SPV running the projec...

Locked content Energa approves Ostrołęka plant expansion

Shareholders, of the WSE-listed, state-controlled power utility Energa granted “a directional consent” to launch the construction stage of the new coal-fired block at Ostrołęka plant, the company said in a market filing. Another stakeholder in the project, WSE-listed, state-run utility Enea will mak...

Energa with PLN 530 mln in EBITDA Q2 2018

Polish energy supplier Energa recorded PLN 530 million in consolidated EBITDA in Q2, while in the first half of the year EBITDA reached PLN 1,156 million, the company said, citing estimated data.

Locked content Energa appoints Siwko as CEO

WSE-listed, state-run power utility Energa appointed Arkadiusz Siwko as its CEO. He replaces Alicja Klimuk, the company’s COO, who was its acting CEO since February this year when Daniel Obajtek left the company to helm state-run fuel producer Lotos. Previously, Siwko was the CEO of state-run arms p...

Energa to reverse PLN 116.6 mln asset impairments

WSE-listed power utility Energa will boost its 2018 net result by PLN 94.5 million, thanks to reversing PLN 116.6 million impairments on its wind farm assets, following regulatory changes, the company said in a market filing.

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...