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Poland's PGE H1 Net Profit Up At 1.7 Bln Zlotys
PGE Prelim H1 Net Profit At 1.7 Bln Zlotys
PGE Subsidiaries Sign Investment Deal With TFI Energia
PGE Polska Grupa Energetyczna SA is a Poland-based company active in the power sector. The Company is involved in production, sale and distribution of electricity. The main areas of the Company's activity comprise six business lines: Conventional Power Generation, Wholesale, Retail, Distribution, Renewable power generation and Nuclear power generation. PGE Polska Grupa Energetyczna SA is a vertically integrated group which includes lignite mines (therein KWB Belchatow), power plants and cogeneration plants (including power plants that produce energy from renewable sources, wind power and hydropower plants), distribution system operators, retail sales companies, a wholesale trading company, as well as a company active in telecommunications industry.
ul. Mysia 2
Chairman of the Supervisory Board
Chairman of the Management Board
Independent Vice Chairman of the Supervisory Board
Vice Chairman of the Management Board for Finance
Vice Chairman of the Management Board for Operations
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Poland has no plans for state-run power group PGE to take over German-owned Innogy Stoen Operator, Polish Energy Minister Krzysztof Tchorzewski said on Wednesday, according to the state-run news agency PAP.
Poland's biggest power company. PGE. expects its Baltic Sea wind farms to achieve ready-to-build status in 2021, Chief Executive Henryk Baranowski said on Wednesday.
Poland's biggest power group PGE on Tuesday reported a net profit of 935 million zlotys ($258.39 million) in the first quarter, 3 percent down year on year and slightly lower than the utility's estimate of 959 million zlotys.
Poland's biggest power group PGE reported on Tuesday a net profit of 2.66 billion zlotys ($788.10 million) in 2017, slightly better than its earlier estimate of a profit of 2.64 billion zlotys.
Polish anti-monopoly office said that Poland's biggest power firm PGE <PGE.WA> can take over the local assets of France's EDF <EDF.PA> on condition that it sells most of the electricity generated by the Rybnik coal-fueled power plant via the power exchange.
Polish anti-monopoly office said that Poland's biggest power firm PGE can take over the local assets of France's EDF on condition that it sells most of the electricity generated by the Rybnik coal-fuelled power plant via the power exchange.
Poland's PGE may have to sell a coal-fuelled power station or pledge to trade more electricity via the power exchange to get anti-trust approval to buy the local assets of France's EDF.
Poland's biggest power group PGE reported on Tuesday a net profit of 1.497 billion zlotys ($412.06 million) in the first half of the year, in line with its earlier estimates.
* ITS UNIT, THE DIGITALS SP. Z O.O. , SIGNS DEAL WITH PGE POLSKA GRUPA ENERGETYCZNA SA FOR ADVERTISEMENT SERVICES
* ITS OFFER CHOSEN AS ONE OF TWO MOST FAVORABLE BY PGE POLSKA GRUPA ENERGETYCZNA SA
Poland's biggest power producer PGE has agreed to buy French group EDF's local power and heating plants for 4.51 billion zlotys ($1.2 billion) including debt, in a move to increase market share and give the state more control over the country's energy assets.
Poland's biggest power group PGE reported an 11 percent rise in first-quarter net profit on Thursday, which it attributed to lower costs.
Poland's biggest power group PGE said it has signed a conditional agreement to buy EDF's Polish power and heating assets.
* Poland's biggest power producer PGE said on Wednesday it hoped to sell its telecom unit Exatel by the end of the second quarter.
* Polish energy firm PGE Polska Grupa Energetyczna SA said on Tuesday its net profit in the first nine months of the year totalled 1.202 billion zlotys ($303 million), according to a preliminary estimate.
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