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...

Locked content PGE wants to build 2.5k MW in offshore wind farms

WSE-listed power utility PGE wants to build offshore wind farms with capacity up to 2.5k MW by 20130, the company’s CEO Henryk Baranowski said. “In theory currently, with big technological development, increased capacity of wind farms and declining prices, our intentions are 2.5k MW by 2030,” he sai...

Locked content PGE mulls building three gas-powered blocks

WSE-listed power giant PGE is considering building three, gas-fired power blocks with combined 1,500 MW capacity. Two of them will be built in the Dolna Odra power plant and will have 500 MW capacity each. The third such block could be built in one of existing PGE locations. The results of a feasibi...

Locked content PGE Opole expansion with further delays

WSE-listed power group PGE said that after the negotiations with the general contractors, the construction of its two power units in Ostrołęka plant will be further delayed. The block number 5 will be finished by end-May next year (5monthsh later), while block number 6 will be delayed by 2 months to...

Locked content PGE with Q4 loss. PLN 2.64 bln profit for 2017

WSE-listed, state-controlled power utility PGE had a PLN 2.64 billion net profit in 2017, according to the company’s preliminary results. In Q4 alone, PGE had PLN 319 million loss. EBITDA amounted to PLN 7.6 billion last year, while in Q4 it stood at PLN 1.49 billion, down by 42 percent y/y due to a...