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...

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...