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PGE Polska Grupa Energetyczna SA (PGE.WA)

PGE.WA on Warsaw Stock Exchange

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Latest Key Developments (Source: Significant Developments)

PGE Plans To Issue Bonds Valued Up To 1 Bln Zlotys in Q2
Wednesday, 17 Apr 2019 

April 17 (Reuters) - PGE Polska Grupa Energetyczna SA ::IN Q2 PLANS TO ISSUE BONDS VALUED AT UP TO 1 BILLION ZLOTYS, WITH 7 OR 10 YEARS MATURITY.  Full Article

PGE Resigns From Acquiring All Shares In PGE EJ1
Wednesday, 17 Apr 2019 

April 17 (Reuters) - PGE Polska Grupa Energetyczna SA ::SAYS RESIGNS FROM ACQUIRING ALL SHARES IN PGE EJ1.SAYS REMAINS HOLDER OF 70% STAKE IN PGE EJ1.  Full Article

PGE FY Net Profit At 1.50 Bln Zlotys, As Expected
Tuesday, 12 Mar 2019 

March 13 (Reuters) - PGE Polska Grupa Energetyczna SA ::REPORTED ON TUESDAY FY NET PROFIT 1.50 BILLION ZLOTYS, IN LINE WITH EXPECTATIONS.FY REVENUE AT 25.95 BILLION ZLOTYS VERSUS 23.1 BILLION ZLOTYS YEAR AGO.FY EBITDA 6.36 BILLION ZLOTYS, IN LINE WITH EXPECTATIONS.  Full Article

PGE Estimates 2018 EBITDA At About 6.36 Billion Zlotys
Friday, 1 Mar 2019 

March 1 (Reuters) - PGE Polska Grupa Energetyczna SA ::ESTIMATES 2018 EBITDA AT ABOUT 6.36 BILLION ZLOTYS.ESTIMATES 2018 NET PROFIT AT ABOUT 1.5 BILLION ZLOTYS.  Full Article

Sygnity Signs 15 Mln Zlotys Contract With PGE's Units
Monday, 25 Feb 2019 

Feb 25 (Reuters) - Sygnity SA ::SAYS SIGNS WITH PGE DYSTRYBUCJA, AND PGE SYSTEMY 15 MILLION ZLOTYS GROSS CONTRACT FOR MAINTENANCE SERVICES.  Full Article

Poland's PGE Says 13 Potential Partners Interested In Wind Farm Project In Baltic Sea
Wednesday, 30 Jan 2019 

Jan 30 (Reuters) - PGE ::SAYS 13 POTENTIAL PARTNERS HAVE RESPONDED TO DECEMBER INVITATION OF PGE GROUP TO PARTICIPATE IN WIND FARM PROJECT IN BALTIC SEA.SAYS IT HAS CLOSED THE FIRST STAGE OF CHOOSING POTENTIAL STRATEGIC PARTNERS TO PREPARE, BUILD AND OPERATE WIND FARMS IN THE BALTIC SEA WITH TOTAL CAPACITY OF UP TO 2,545 MW AS THE FIRST STAGE OF PGE GROUP'S OFFSHORE PROGRAMME.PGE INTENDS TO EVENTUALLY SELL UP TO A 50% STAKE IN TWO SPECIAL PURPOSE VEHICLES THAT ARE PREPARING THE OFFSHORE PROJECTS, CONTINUING TO OPERATE THEM WITH THE PARTNER ON A JOINT VENTURE BASIS."WE HAVE COMPLETED THE FIRST STAGE OF SELECTION AND WE ARE PLEASED WITH THE GREAT INTEREST IN COOPERATING WITH THE PGE GROUP ON THIS PROJECT", SAYS HENRYK BARANOWSKI CEO OF PGE GROUP."SEVERAL STABLE PARTNERS HAVE APPLIED, AMONG THEM THE BIGGEST MARKET PLAYERS, WHO HAVE THOUSANDS OF MEGAWATTS COMPLETED IN THIS TECHNOLOGY" - BARANOWSKI.  Full Article

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

PGE Units Contract At Least 6,300 MW Under Capacity Market Auction For 2023
Friday, 21 Dec 2018 

Dec 21 (Reuters) - PGE Polska Grupa Energetyczna SA ::SAYS ITS UNITS GOT CONTRACTS FOR AT LEAST 6,300 MW UNDER CAPACITY MARKET AUCTION FOR 2023.SAYS PRICE IS BETWEEN 217.06-189.95 ZLOTYS/KW/YEAR.  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

PGE Seeks Partner To Build Wind Farms On Baltic Sea
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - PGE Polska Grupa Energetyczna SA ::STARTS TO LOOK FOR A STRATEGIC PARTNER TO PREPARE, BUILD AND OPERATE WIND FARMS OF TOTAL POWER OF UP TO 2,545 MW ON THE BALTIC SEA, THE COMPANY SAYS IN A STATEMENT.SAYS PLANS TO SELL 50 PCT STAKES IN TWO SPECIAL PURPOSE VEHICLES IN WHICH OFFSHORE WIND FARM PROJECTS ARE PREPARED, AND THEN JOINTLY WITH A PARTNER IMPLEMENT THEM IN JOINT VENTURE FORMULA.SAYS PLANNED FIRST STAGE OF OFFSHORE PROGRAM ASSUMES CONSTRUCTION OF OFFSHORE WIND FARMS WITH A MAXIMUM INSTALLED CAPACITY OF UP TO 2,545 MW.CO EXPECTS FIRST ENERGY OUTPUT FROM OFFSHORE WIND FARM AROUND 2025 AND PLANS TO START COMMERCIAL OPERATIONS IN 2026.  Full Article

EBRD to spend more on Polish green-energy projects this year

WARSAW, April 23 The European Bank for Reconstruction and Development plans to increase its funding for Poland's renewable energy this year, after the government shifted towards green energy, a top EBRD official said.