Locked content PKP Cargo to deliver 1.9 mln tons of coal to PGNiG Termika

State-owned logistics operator PKP Cargo signed two contracts to deliver in total 1.9 million tons of coal to three plants of PGNiG Termika. The coal will be supplied from January 1 until December 31, 2019. “PGNiG Termika is a regular client of PKP Cargo and the contract concluded for 2019 is ...

Locked content PGNiG Termika signs 10-year deal for heat supply in Warsaw

Energy company PGNiG Termika signed a 10-year agreement with Veolia Energia Warszawa  for the sale of heat in Warsaw, the companies said. The agreement was signed until August 2028 with the possibility of extension for the next 12 months. The heat sold under the contract accounts for nearly 80 perce...

Locked content PGNiG mulls takeover in Norway. No plans to sell Termika

WSE-listed gas giant PGNiG is considering acquiring production assets in Norway this year.” The talks in this matter have been ongoing for two years now. We are not in a hurry,” company’s CEO Piotr Wożniak said. He stressed that the company is primarily interested in gas deposits, rather than crude ...

Locked content Polimex to build PLN 982.3 mln power block for PGNiG Termika

WSE-listed builder Polimex-Mostostal along with Japanese Mitsubishi signed a consortial deal worth PLN 982.3 million and €111.9 million for the construction of new power block at the Żerań heating plant for PGNiG Termika, Polimex said in a market filing. Polimex’s share in the deal is 26.01 pe...

Locked content PGG to be listed on the WSE soon

Wojciech Dąbrowski, CEO of PGNiG Termika, said that works on PGG IPO will start “in the coming months.” He also added that he hopes PGNiG investment in the company will be a profitable one. “We hope to get our investment back after few years,” Dąbrowski explained. PGNiG capitalized the enlarged Pols...

Locked content PGNiG withdraws from EDF takeover transaction

WSE-listed gas giant PGNiG’s subsidiary PGNIG Termika decided not to take part in the transaction to takeover the Polish assets of French EDF. WSE-listed state-owned power utility will takeover the shares increasing its stake in the buying joint venture to 60 percent, from initial 30 percent. ...

Locked content Four energy firms sign memorandum to purchase Polish assets of EDF

Four companies – Enea, Energa, PGNiG Termika and PGE have signed a Memorandum of Understanding regarding negotiations over the purchase of assets of gas and electricity supplier, EDF, according to a press release jointly issued by the companies on Sunday. The deal, if it goes ahead as planned, will ...

Locked content PKP Cargo to cooperate with PGNiG in 2017

Railway freight carrier PKP Cargo has signed a contract with a state-controlled natural oil and gas company PGNiG for the delivery of 1.1 million tons of hard coal in 2017, the company informed in a market filing. The value of the agreement exceeds PLN 28 million, a statement read. PKP Cargo is a pa...

Locked content Polish power groups compete for French EDF assets

Polish Energy Group (PGE), Enea, Energa and Polish Petroleum and Gas Mining (PGNiG Termika) filed a joint preliminary non-binding offer for Polish assets of French EDF, the companies announced in market filings. The assets include the Rybnik power plant, heat & power plants in Kraków, Gdańsk and...

Locked content UOKiK approves takeover of JSW’s unit by PGNiG Termika

PGNiG Termika has been granted unconditional approval issued by the head of antimonopoly watchdog UOKiK for the takeover of Jastrzębska Spółka Węglowa’s (JSW) heat and power generating unit SEJ, the watchdog informed. PGNiG Termika called for the sale of 100 percent stake in JSW’s heat u...