December 22, 2017 / 12:30 PM / a month ago

Poland's PGE says conducting asset impairment tests

WARSAW (Reuters) - Polska Grupa Energetyczna SA (PGE) (PGE.WA) has started impairment tests aimed at checking the value of its conventional and renewable assets, Poland’s biggest energy company said on Friday.

    PGE reported a 3 billion zloty (£633.50 million) net loss in 2015 hurt by impairments related to its brown coal-fired power plants.

    PGE said its impairment tests stem from law changes introduced by parliament regarding state support for renewables.

    Reporting by Anna Koper; writing by Marcin Goclowski; editing by Jason Neely

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