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...

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 Kulczyk Investments won’t sell Polenergia stake in PGE tender offer

The majority shareholder of WSE-listed renewable energy firm Polenergia, Kulczyk Investments will not be selling its 50.2 percent stake in a tender offer by state-run, WSE-listed power utility PGE. “Polenergia is a long-term investment, thus the Kulczyk family do not intend to answer to the bid plac...

Locked content PGE electricity production increases by 18% y/y Q1 2018

Electricity production in the Polish Energy Group (PGE) amounted to 17.66 TWh in the first quarter of 2018 (an increase of 18 percent y/y), the company announced. In the first quarter of 2018, the energy production in the group amounted to 17.66 TWh, of which 9.82 TWh, 7 percent less than in the pre...

Locked content PGE with PLN 2.2 bln EBITDA

Energy giant PGE recorded EBITDA of PLN 2.214 billion in Q1 2018, and net profit of the parent company amounted to PLN 959 million (PLN 0.51 per share), according to the company’s preliminary calculations. In the same period of last year, EBITDA stood at PLN 1.948 billion, and net profit at PLN 964 ...