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PGE Management Recommends Not To Pay 2019 Dividend
Poland's PGE Q1 Net Profit At 432 Mln Zlotys, In Line With Estimates
PGE Prelim Q1 Net Profit 432 Mln Zlotys
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
President of the Management Board
Independent Vice Chairman of the Supervisory Board
Vice President of the Management Board for Finance
Vice President of the Management Board for Operations
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* REPORTED ON TUESDAY Q1 NET PROFIT OF 432 MLN ZLOTYS VERSUS ABOUT 432 MILLION ZLOTYS ESTIMATED ON MAY 12
Poland's biggest energy group PGE has decided to close projects that are not related to its core business, aiming to improve margins and reduce costs, the company said on Thursday.
Greenpeace activist, Pawel Szypulski, said on Thursday he was applying for the chief executive job at Poland's biggest utility PGE, with a plan to eliminate polluting coal from the group's power production by 2030.
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
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