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PGE Polska Grupa Energetyczna SA (PGE.WA)

PGE.WA on Warsaw Stock Exchange

10.31PLN
18 Jan 2019
Change (% chg)

0.12zł (+1.18%)
Prev Close
10.19zł
Open
10.25zł
Day's High
10.31zł
Day's Low
10.17zł
Volume
1,520,948
Avg. Vol
2,615,633
52-wk High
13.49zł
52-wk Low
8.41zł

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

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

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

Tauron Is Initially Interested In Selling Its Stake In PGE EJ1
Friday, 30 Nov 2018 

Nov 30 (Reuters) - Tauron Polska Energia SA ::SAYS IS INITIALLY INTERESTED IN SELLING ALL ITS 10 PERCENT STAKE IN PGE EJ1 SP. Z O.O. (PGE EJ1).PGE EJ1 SP. Z O.O. IS RESPONSIBLE FOR NUCLEAR PLANT PROJECT IN POLAND.ON NOV. 28 PGE <<>> EXPRESSED INTEREST IN BUYING REMAINING SHARES IN PGE EJ1 nFWN1Y30AR.  Full Article

PGG To Deliver Coal To PGE For About 16 Bln Zlotys
Friday, 30 Nov 2018 

Nov 30 (Reuters) - PGE Polska Grupa Energetyczna SA ::SIGNS AGREEMENT TO CONTRACT WITH POLSKA GRUPA GORNICZA (PGG) DATED AUG 13, 2013, REGARDING COAL DELIVERIES TO BLOCK 5 AND 6 TO POWER PLANT IN OPOLE, POLAND.SAYS ESTIMATED VALUE OF AGREEMENT FROM START OF DELIVERIES UNTIL 20 ANNUAL DELIVERY PERIODS IS ABOUT 16 BILLION ZLOTYS.COAL PRICES HAVE BEEN AGREED UNTIL END-2022, FURTHER PRICES TO BE AGREED FOR EACH DELIVERY THROUGH NEGOTIATIONS.  Full Article

PGE To Buy Remaining Shares In PGE EJ1
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - PGE POLSKA GRUPA ENERGETYCZNA SA ::SAYS EXPRESSES PRELIMINARY INTEREST IN ACQUIRING ALL SHARES IN PGE EJ1 SP. Z O.O..SAYS CURRENTLY HOLDS 70 PERCENT STAKE IN PGE EJ1.PGE EJ1 IS RESPONSIBLE FOR PREPARING AND IMPLEMENTING CONSTRUCTION AND OPERATION OF THE FIRST POLISH NUCLEAR POWER PLANT.  Full Article

Poland's PGE To Buy Coal From PGG For 5.25 Bln Zlotys In 2019-22
Tuesday, 20 Nov 2018 

Nov 21 (Reuters) - PGE Polska Grupa Energetyczna SA ::SAID ON TUESDAY THAT IT HAS SIGNED A COAL SUPPLY AGREEMENT WITH POLSKA GRUPA GORNICZA SA (PGG) FOR 2019-2022.ESTIMATED VALUE OF SUPPLIES IS 5.25 BILLION ZLOTYS.  Full Article

PGE H1 Net Profit At 1.28 Bln Zlotys, In Line With Estimates
Tuesday, 7 Aug 2018 

Aug 7 (Reuters) - PGE POLSKA GRUPA ENERGETYCZNA SA ::H1 NET PROFIT AT 1.28 BILLION ZLOTYS VERSUS 1.50 BILLION ZLOTYS YEAR AGO AND IN LINE WITH THE COMPANY'S EARLIER ESTIMATES nFWN1US10U.H1 REVENUE 12.87 BILLION ZLOTYS VERSUS 10.62 BILLION ZLOTYS YEAR AGO.H1 EBITDA, AS PREVIOUSLY REPORTED, AT 3.68 BILLION ZLOTYS.  Full Article

EU to assess if Polish law curbing energy price rises is legal

BRUSSELS, Jan 3 The European Commission expects Poland to submit its new law cutting tax on electricity for European Union scrutiny to see if it complies with EU laws prohibiting illegal state aid to companies, a Commission spokeswoman said on Thursday.