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...

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...