Locked content Ministry wants power groups to trade all energy on TGE power exchange

The Ministry of Energy wants power utilities to sell all of their output on the TGE power exchange. Excluded would be cogeneration and renewable energy. The ministry hopes that such move will stabilize prices on the energy market which have gone up in recent months. “I hope that it will prevent unju...

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 signs new agreement with PGG

Energa Ostrołęka Power, a subsidiary of electrical power producer Energa Power, has reached a deal for the delivery of coal to Ostrołęka B Power Station of the Polish Mining Group (PGG), valued at PLN 1.26 billion, the company said in its press release on Tuesday. “The agreement covers the per...

Locked content Enea confirms Połaniec Plant takeover

Enea confirmed in a press release on Tuesday that it will acquire 100 percent of the shares of Engi Polish Energy, Poland’s fifth-largest energy company and one that owns Poland’s largest biomass power plant – Połaniec. A report earlier this month in this publication indicated that...

Locked content Polimex-Mostostal announced major issuing of shares

Poland’s largest energy companies have moved to acquire a large stake in giant construction and engineering firm Polimex-Mostostal. PGE, Enea, Energa and PGNiG signed a letter of intent with Polimex-Mostostal for potential investment in the company of 150 million shares and the latter’s ...

Locked content New joint venture “ElectroMobility Poland” by Enea, Energa...

The Consumer Protection Authority (UOKiK) has approved the establishment of a joint entity “ElectroMobility Poland” by the four largest Polish power groups – Enea, Energa, Polska Grupa Energetyczna (PGE) and Tauron, the watchdog informed on Thursday. The joint venture proposal was ...

Locked content Value of energy companies may grow by PLN 50 bln – Energy Minist...

Energy Minister Krzysztof Tchórzewski said that the value of energy companies may grow by PLN 50 billion in the coming years by increasing share capital from retained earnings as the move would contribute to the financial stability of the companies. ” . . . if we do it [increase the nominal va...