Locked content PGE in talks to cofinance the Ostrołęka coal-powered block

WSE-listed and state-controlled power utility PGE has launched talks with its peers Energa and Enea to be involved in the construction of a new, coal-fired power block in the Ostrołęka powerplant, the company said in a market filing. Enea and Energa each have 50 percent in the SPV running the projec...

Locked content PGE wants to buy remaining shares in PGE EJ1

Polska Grupa Energetyczna (PGE) expressed preliminary interest in buying all remaining shares in PGE EJ1, the company said. Currently, PGE holds 70 percent stake in PGE EJ1. The other shareholders are Enea, KGHM Polska Miedź and Tauron Polska Energa, who hold 10 percent each. PGE EJ1 is responsible ...

Locked content PGE orders coal for PLN 5.25 bln from PGG

Polska Grupa Energetyczna (PGE) signed a coal supply agreement with Polska Grupa Górnicza (PGG). The total value of hard coal supplies for 2019-2022 is estimated at PLN 5.25 billion. PGE Capital Group is Poland’s largest energy sector company with respect to sales revenues and net profit. The compan...

Locked content Mostostal Zabrze unit signs PLN 48 mln contract

Mostostal Zabrze unit signed a PLN 48 million contract with Balcke – Dürr Polska belonging to Polska Grupa Energetyczna (PGE). Under the contract, Mostostal Zabrze Realizacje Przemysłowe will perform works on 1-4 power units. The works should be completed in October 2021. The final remuneratio...

Locked content Domika Kulczyk launches tender for remaining stake in Polenergia

The majority shareholder of WSE-listed renewables’ firm Polenergia, Dominika Kulczyk launched a tender offer for the remaining 22.63 million shares (49.8 percent stake) at PLN 20.5 apiece. Kulczyk, who controls 50.2 percent of the company plans to delist the company from the Warsaw Stock Exchange. S...