PGE to book PLN 807 mln in impairments

WSE-listed power utility PGE will book PLN 897 million in impairments on its conventional and renewable generation assets in its financial report for last year, the company said in a market filing. The write-downs include PLN 473 million for its power plant in Szczecin and PLN 110 million for selected wind electricity assets due to changes in the law regarding support schemes for renewable generation. According to PGE, the impairments will not affect EBITDA profits.