Locked content Polimex and PGE sign a contract worth over PLN 475 mln

Polimex Energetyka and PGE Polska Grupa Energetyczna have signed a subcontract for the modernization of boilers in 1-3 power units at Elektrownia Turów heating and electric plant, a press release read. The value of the deal stands at PLN 476.7 million. The contract signed with Amec Foster Wheeler En...

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 New agreement between Famur, Kopex and Tauron

Mining machinery producers Famur and Kopex in consortium filed best bid of PLN 72.4 million for providing a high-performance longwall system for power group Tauron, the companies announced in a market filing. The consortium expects to deliver the longwall system by the end of 2016, a statement said....

Locked content PGE to generate 25% of Poland’s electricity production by 2030

Poland’s largest utility company PGE expects about PLN 34 billion in capital expenditures (CAPEX) for the years 2016-2020, the company informed in a market filing. “The Group assumes capital expenditures of approximately PLN 34 billion in 2016-2020, not including capitalized costs relate...

Locked content Tauron changes its strategy for 2016-2020

Listed power group Tauron eyes reducing 2016-2020 capital expenditures (capex) to some PLN 18 billion versus earlier plans at PLN 20.2 billion, the company said in a market filing. “The largest capex cut of PLN 1.5 billion will come from mothballing the Lagisza project, PLN 400 million will be...

Locked content PGNiG signs PLN 2 bln gas deal with PGE

Polish state-controlled natural oil and gas company PGNiG has signed a contract with Poland’s biggest power utility PGE for the supply of up to 2.2 bcm of natural gas, the companies informed in a statement. The value of the agreement stands at PLN 2 billion and is valid until October 1, 2019 (...

Locked content Tele-Fonika Kable’s consortium wins a PLN 100 tender for Energa-...

Polish cable and wire producer Tele-Fonika Kable, as part of a consortium with Energa-Operator Logistyka, won a PLN 100 million tender for the supply of medium voltage cables, the company announced. The consortium will deliver 4400 km of medium voltage cables to power company Energa-Operator by Augu...

Locked content Tauron with net loss of PLN 320 mln in Q2

Listed power group Tauron posted an attributable net loss of PLN 320 million in Q2 2016, in line with prior estimates released after identifying asset impairments in the generation segment. Consolidated revenues totaled PLN 4.3 billion, which means a 3.8 percent decline year-on-year. Underlying earn...

Locked content KW and JSW limit energy consumption

The two Polish coal mining companies Kopalnia Węglowa (KW) and Jastrzębska Spółka Węglowa (JSW) limited their energy use,  by turning off some machines which are not absolutely crucial for coal extraction or safety measures, their press offices informed. The Polish electrical grid company, Polskie S...

Locked content Duda wants to increase presidential powers

Polish President Andrzej Duda, said in an interview with wSieci weekly that the head of the state in Poland should be given more power to coincide with his strong mandate. Duda would like the presidend to have more say in selection process of selected ministers, such as the foreign affairs and the d...