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Enea SA (ENAE.WA)

ENAE.WA on Warsaw Stock Exchange

10.05PLN
22 Jan 2019
Change (% chg)

-0.14zł (-1.37%)
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12.10zł
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Latest Key Developments (Source: Significant Developments)

PGE In Talks Regarding Its Involvement in Ostroleka Power Block Project
Monday, 7 Jan 2019 

Jan 7 (Reuters) - PGE ::LAUNCHES TALKS WITH ENERGA <<>> AND ENEA <<>> REGARDING ITS POTENTIAL COOPERATION ON CONSTRUCTION PROJECT OF 1,000 MW POWER BLOCK IN OSTROLEKA.  Full Article

Enea, Energa: Notice To Proceed With Construction Of Ostroleka C Power Plant Issued
Saturday, 29 Dec 2018 

Dec 31 (Reuters) - Enea SA ::SAID ON SATURDAY THAT ITS SUPERVISORY BOARD HAS GRANTED CONSENT TO ELEKTROWNIA OSTROŁĘKA SP. Z O.O. ISSUING A NOTICE TO PROCEED (NTP) WITH THE CONSTRUCTION OF THE OSTROŁĘKA C POWER PLANT.ON DEC. 28 THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS OF ELEKTROWNIA OSTROŁĘKA GRANTED CONSENT TO ISSUING A NOTICE TO PROCEED WITH THE CONSTRUCTION OF THE OSTROŁĘKA C POWER PLANT .ELEKTROWNIA OSTROŁĘKA ISSUED A NOTICE TO PROCEED WITH THE CONSTRUCTION OF THE OSTROŁĘKA C POWER PLANT FOR THE GENERAL CONTRACTOR, THE CONSORTIUM OF GE POWER SP. Z O.O. AND ALSTOM POWER SYSTEMS SAS.  Full Article

Enea, Energa Sign Memorandum Of Understanding On Ostroleka C
Saturday, 29 Dec 2018 

Dec 31 (Reuters) - Enea SA ::SAID ON SATURDAY THAT IT HAS SIGNED A MEMORANDUM OF UNDERSTANDING WITH ENERGA SA <<>> AND ELEKTROWNIA OSTROŁĘKA SP. Z O.O., ON THE IMPLEMENTATION OF THE OSTROŁĘKA C PROJECT.THE MEMORANDUM OF UNDERSTANDING STIPULATES NEW TERMS OF COOPERATION, INCLUDING THE PROJECT'S FINANCING STRUCTURE.ENEA DECLARES ITS FINANCIAL INVOLVEMENT IN THE EXECUTION OF THE CONSTRUCTION STAGE IN THE AMOUNT OF 1 BILLION ZLOTYS AND ENERGA SA IN THE AMOUNT OF NOT LESS THAN 1 BILLION ZLOTYS, IN ADDITION TO THE FUNDS ALREADY COMMITTED .MOREOVER, THE MEMORANDUM OF UNDERSTANDING PROVIDES FOR THE INVOLVEMENT OF FURTHER INVESTORS TO CONTRIBUTE THE REMAINDER NECESSARY TO COVER THE FINANCIAL OUTLAYS FOR THE PROJECT .BY JAN. 28, 2019, THE PARTIES TO THE MEMORANDUM OF UNDERSTANDING INTEND TO CONCLUDE A NEW INVESTMENT AGREEMENT.  Full Article

Enea Estimates Revenue From Capacity Market Of About 879 Mln Zlotys In 2023
Monday, 24 Dec 2018 

Dec 25 (Reuters) - Enea SA ::SAID ON MONDAY THAT IT ESTIMATES THAT REVENUE OF THE ENEA CAPITAL GROUP FROM THE CAPACITY MARKET MAY REACH ABOUT 879 MILLION ZLOTYS IN 2023.THE REVENUE INCLUDES ABOUT 220 MILLION ZLOTYS FOR UNIT NO. 11 IN KOZIENICE POWER PLANT (UNDER A 15-YEAR CAPACITY CONTRACT) AND FOR THE CONTRACTED CAPACITY OF 915 MW.IT ALSO INCLUDES ABOUT 651 MILLION ZLOTYS FOR MODERNISED UNITS (UNDER A 5-YEAR CAPACITY CONTRACT) AND FOR THE CONTRACTED CAPACITY OF 2,711 MW.AND INCLUDES ABOUT 8 MILLION ZLOTYS FOR EXISTING UNITS (UNDER A 1-YEAR CAPACITY CONTRACT) AND FOR THE CONTRACTED CAPACITY OF 37 MW.THE ESTIMATED REVENUE FOR A NEW GENERATION UNIT (UNDER A 15-YEAR CAPACITY CONTRACT) IN ELEKTROWNIA OSTROLEKA SP. Z O.O. MAY REACH AN ANNUAL AVERAGE OF ABOUT 173 MILLION ZLOTYS.  Full Article

Energa Board Approves Start Of Construction At Ostroleka C Power Plant
Wednesday, 19 Dec 2018 

Dec 20 (Reuters) - Energa SA ::SAID ON WEDNESDAY ITS SUPERVISORY BOARD HAS GIVEN AN APPROVAL FOR ELEKTROWNIA OSTROLEKA SP. Z O.O. TO SEND NOTICE TO PROCEED TO GENERAL CONTRACTOR FOR CONSTRUCTION OF OSTROLEKA C POWER PLANT.SAID ENERGA WILL VOTE ACCORDINGLY AT ELEKTROWNIA OSTROLEKA'S SHAREHOLDERS' MEETING.  Full Article

Polish Utilities Lower 2019 Household Prices Requests - Sources
Friday, 14 Dec 2018 

Dec 14 (Reuters) - :POLISH STATE-RUN UTILITIES HAVE LOWERED EXPECTATIONS REGARDING 2019 POWER PRICE INCREASES FOR HOUSEHOLDS FROM OVER 30 PERCENT ON AVERAGE TO OVER 20 PERCENT, TWO PERSONS CLOSE TO THE COMPANIES TOLD REUTERS.ON NOV. 22, PGE <<>>, ENEA <<>>, ENERGA <<>> AND TAURON <<>> HAVE ASKED THE ENERGY MARKET REGULATOR URE TO INCREASE 2019 POWER PRICES FOR HOUSEHOLDS BY OVER 30 PERCENT ON AVERAGE nL8N1XX41P."I EXPECT ALL COMPANIES WILL SUBMIT TODAY MODIFIED PROPOSALS FOR TARIFF INCREASES. THEY WILL BE REDUCED BY A FEW PERCENTAGE POINTS, BUT IT IS STILL EXPECTED THAT THE LEVEL OF PROPOSED HIKES WILL BE ABOVE 20 PERCENT," A PERSON CLOSE TO ONE OF THE ENERGY COMPANIES SAID.A PERSON CLOSE TO ANOTHER COMPANY CONFIRMED THAT INFORMATION.REPRESENTATIVES OF THE ENERGY MARKET REGULATOR URE DECLINED TO COMMENT ON THE PENDING PROCEDURE.  Full Article

Enea Units Contract No Less Than 3,663 MW In Capacity Market Auction For 2022
Wednesday, 5 Dec 2018 

Dec 6 (Reuters) - ENEA SA ::SAID ON WEDNESDAY ITS UNITS CONTRACTED IN TOTAL NO LESS THAN 3,663 MW OF CAPACITY REQUIREMENT AS RESULT OF CAPACITY MARKET AUCTION FOR 2022.SAID CLOSING PRICE OF THE AUCTION IS IN THE RANGE OF 195.28-219.66 ZLOTYS PER KW/YEAR.  Full Article

Enea Interested In Selling Stake In Nuclear Power Firm
Tuesday, 4 Dec 2018 

Dec 5 (Reuters) - Enea SA ::SAID ON TUESDAY THAT IT HAS EXPRESSED PRELIMINARY INTEREST TOWARDS THE SALE OF THE SHARES OWNED BY THE COMPANY IN PGE EJ1 SP. Z O.O..EARLIER PGE POLSKA GRUPA ENERGETYCZNA SA <<>> EXPRESSED PRELIMINARY INTEREST TO BUY ALL OF PGE EJ1'S SHARES.ENEA OWNS A 10% STAKE IN PGE EJ1, WHICH IS INVOLVED IN PREPARATION AND IMPLEMENTATION OF AN INVESTMENT ON CONSTRUCTION OF POLAND'S FIRST NUCLEAR POWER PLANT.  Full Article

Enea Q3 Net Profit Down At 152.9 Million Zlotys
Friday, 23 Nov 2018 

Nov 23 (Reuters) - Enea SA ::Q3 NET PROFIT 152.9 MILLION ZLOTYS VERSUS 204.4 MILLION ZLOTYS YEAR AGO.9-MONTH NET PROFIT 584.1 MILLION ZLOTYS VERSUS PREVIOUSLY ESTIMATED 584 MILLION ZLOTYS.Q3 REVENUE 3.41 BILLION ZLOTYS VERSUS 2.85 BILLION ZLOTYS YEAR AGO.Q3 OPERATING PROFIT 287.4 MILLION ZLOTYS VERSUS 288.2 MILLION ZLOTYS YEAR AGO.  Full Article

Enea Estimates Proceeds From Capacity Market At About 880 Mln Zlotys
Tuesday, 20 Nov 2018 

Nov 21 (Reuters) - Enea SA ::SAID ON TUESDAY THAT BASED ON THE PRELIMINARY RESULTS OF MAIN CAPACITY MARKET AUCTION FOR 2021 PRICED AT 240.32/PLN/KW/YEAR, ITS ANNUAL AVERAGE PROCEEDS CAN AMOUNT TO ABOUT 880 MILLION ZLOTYS.SAID THE ABOVE CAPACITY OBLIGATIONS ARE NOT A FINAL RESULT OF POWER MARKET AUCTION.ENEA WILL GIVE AN UPDATE IF THE FINAL RESULTS OF CAPACITY MARKET TURN OUT SUBSTANTIALLY DIFFERENT FROM PRELIMINARY RESULTS.  Full Article

UPDATE 1-Poland plans tax cuts and cost savings to stop surging electricity prices

WARSAW, Dec 21 Poland promised to give tax relief to energy consumers and asked its utilities to cut costs as part of measures designed to prevent surging electricity prices next year when the country holds a general election.