Locked content Energa sues Mostostal for PLN 106 mln

WSE-listed, state-owned utility Energa, through its subsidiary Energa Kogeneracja has filed a lawsuit against WSE-listed builder Mostostal Warszawa. Energa is seeking PLN 106.4 million in damages as it claims that the biomass block with 20 MWe capacity build by Mostostal failed to reach technologica...

Locked content Energa to build largest hybrid storage facility in Poland

WSE-listed power utility Energa along with Japanese Hitachi and power grid operator PSE will build the largest hybrid battery energy storage system in Poland. The facility will have a storage capacity of approx. 27 MWh and power capacity of approx. 6 MW. “Collaboration with experienced partners and ...

Locked content Energa with PLN 601 mln EBITDA in Q1 – preliminary results

WSE-listed utility Energa expects a PLN 601 million EBITDA in Q1, according to the company’s preliminary results. The result, which is a 6.8 percent y/y drop will be influenced by the PLN 53 mln valuation of options for builder Polimex Mostostal shares, the company said in a market filing. Sta...

Locked content Energa to capitalize PGG with PLN 100 mln

WSE-listed, state controlled power utility Energa will capitalize Polska Grupa Górnicza (PGG) with PLN 100 million through its Energa Kogeneracja subsidiary. “This amount will support PGG in expanding its activities and obtaining synergies from incorporation of Katowicki Holding Węglowy’s (KHW...

Locked content PGG – KHW merger approved. Gets PLN 400 mln financing

The management board of Katowicki Holding Węglowy (KHW) approved the transfer of KHW assets to Polska Grupa Górnicza (PGG), clearing one of the final hurdles before the merger is finalized. The transaction is expected to be completed this week. Additionally, two state-controlled utilities, Energa an...

Locked content Energa to get PLN 3.2 bln from EIB

Energa Operator, a subsidiary of state-owned WSE-listed power utility Energa might get over PLN 3.2 billion financing from the European Investment Bank, the ministry of development said. The funds would be spent on modernizing and expansion of distribution grid. EIB has financed 11 investment projec...

Locked content Energa 10Y €300 mln bond issue to yield 2.250%

WSE-listed utility Energa will issue 10 year bonds worth €300 million at 2.25 percent yield, with a 2.125 percent annual coupon, the firm said in a market filing. Interest in the issue four times exceeded the value of the issue, with 130 investors submitting their bids. As many as 90 percent of the ...

Locked content Energa plans €250 million bond issue in Q1

WSE-listed power utility Energa plans to sell a minimum €250 million bond issue this quarter, the company said in a market filing. The bonds will mature in 10-12 years and will be allocated to “general corporate needs,” the company said. The papers will be floated on the Luxembourg Stock Exchange...

Locked content Four energy firms sign memorandum to purchase Polish assets of EDF

Four companies – Enea, Energa, PGNiG Termika and PGE have signed a Memorandum of Understanding regarding negotiations over the purchase of assets of gas and electricity supplier, EDF, according to a press release jointly issued by the companies on Sunday. The deal, if it goes ahead as planned, will ...

Locked content Energa has ‘stable performance’ at the end of 2016 – report

Polish energy company Energa stated that its performance in distribution remained stable during the final two quarters of 2016, while its sales and generation “faced headwinds.” The Electrical energy supplier estimated that, during Q4 of 2016, that it earned PLN 502 million, before interest, taxes, ...