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 ...

Locked content ME, PGNiG, PKN Orlen, PGE recruiting for internship program

The Ministry of Energy, the Polish state Oil and Gas Company (PGNiG), the Polish Energy Group (PGE) and PKN Orlen have launched the third edition of the “Energy for the future” internship program, PGNiG announced. The companies and the ministry offer, as part of the program, an annual pa...

Locked content PGE launches Lumi brand to sell electricity in Warsaw

WSE-listed power group PGE has launched its Lumi brand to sell electricity to the residents of Warsaw. “We want to show that the change of the operator is a simple task. From the beginning of April, every resident of the capital from the area covered by Inogy Stoen Operator services, can sign a cont...

Locked content PGE tenders 1.2 mln shares in Kogeneracja

WSE-listed power group PGE acquired 1.2 million shares in its cogeneration unit Kogeneracja for PLN 81.8 apiece in the tender offer. The company planned to buy up to 2.38 million such shares representing a 16 percent stake. After acquiring the Polish assets of EDF, which included Kogeneracja, PGE ow...