Locked content Energa net profits drop by 98% in Q1 y/y

Power utility Energa recorded a net profit of PLN 8 million in Q1 2016, compared with PLN 352 million y/y in Q1 2015. The company’s operating profit amounted to PLN 106 million, versus PLN 457 million a year before. Energa’s consolidated sales revenue totaled PLN 2.6 billion, compared with PLN 2.9 b...

Locked content PGE, Energa and PGNiG to hold 17.1% stake each in coal unit PGG

Listed Polish power firms PGE and Energa, plus the power wing of natgas firm PGNiG will put their PLN 500 million in fresh capital into a restructured Polish coal group PGG through February 2017 and hold the stake for a likely 10 years minimum, the Polish Press Agency said. Each of the firms is cont...

Locked content PGE, Energa and PGNiG Termika invest PLN 1.5 bln in coal group PGG

Polish Energy Group (PGE), Energa, and Polish Petroleum and Gas Mining (PGNiG Termika) intend to invest PLN 1.5 billion in coal group Polska Grupa Górnicza (PGG). Energa is ready to invest up to PLN 600 million, PGE up to PLN 500 million, while PGNiG Termika up to PLN 400 million, the filings indica...

Locked content Energa net profit down to PLN 137 mln in Q4 y/y

Power utility Energa recorded a net profit of PLN 137 million in Q4 2015, compared with PLN 181 million y/y in Q4 2014. The company’s operating profit amounted to PLN 243 million, versus PLN 254 million a year before. Energa’s consolidated sales revenue totaled PLN 2.85 billion, compared with PLN 2....

Locked content Energa eyes EDF’s assets in Poland

Polish state-run utility Energa will consider bidding for heating plants owned by French power firm EDF if they become available, wnp.pl web portal reported. Earlier this year, the media informed that EDF had launched a sale of its Polish coal-fired heating and power plants worth up to PLN 2 billion...

Locked content Energa CEO steps down

The CEO of power utility Energa, Andrzej Tersa, has been dismissed from his post and will be replaced by Roman Pionkowski. The supervisory board has also laid off deputy CEO, Jolanta Szydłowska. “The supervisory board has also nominated Roman Pionkowski as an acting member of the board,”...

Locked content Energa net profit at PLN 166.22 mln in Q3

Power utility Energa recorded net profit of PLN 166.22 million in Q3 2015, compared with PLN 213.01 million y/y in Q3 2014 The company’s operating profit amounted to PLN 217.9 million, versus PLN 334.14 million a year before. Energa’s consolidated sale revenues totaled PLN 2.53 billion, ...

Locked content Energa opens Poland’s biggest photovoltaic plant

State-controlled power company Energa has launched Poland’s largest photovoltaic power plant in Czerniakowo near Toruń, a press release read. The power capacity amounts to nearly 4 MW. The project was worth over PLN 80 million. Yearly production output is to reach 3,500 MWh. The facility consi...

Locked content Energa to invest in Nowa Kompania Węglowa

State-controlled Energa may transfer some of its assets into a special fund managed by the State Treasury, designed to support Nowa Kompania Węglowa (NKW). Utility plans to relocate its minority stake in Elektrownia Ostrołeka power plant along with a project of constructing a power unit within the p...

Locked content Energa sales revenues at PLN 5.4 bln in H1

Power utility company Energa recorded PLN 535 million in net profits in H1 2015, a decline of 12 percent year-on-year, the company announced in a press release. Sales revenues amounted to PLN 5.4 billion, growth of 3 percent y/y. EBITDA reached PLN 1.216 billion, compared with PLN 1.281 billion in H...