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ENEA Wytwarzanie S.A. and Mitsubishi Hitachi Power Systems, LTD. concluded a contract for the construction of the installation of flue gases denitrification for two units in the power plant in Kozienice. The investment will allow to reduce the nitric oxides emission by 80%. The value of the contract will total to PLN 92 mln and the completion of the investment is planned in May 2016.
On 16 July, before noon, in ENEA Wytwarzanie SA there was a valve failure in the unit No. 7. As a result of this occurrence ca. 9 m3 of mazut leaked out to the channel located on the area of Kozienice Power Plant. The channel is one of the elements of the hydrotechnical infrastructure protecting against a leakage of potential contaminations to the Vistula River.
The Company has a new bond issue programme up to the maximum amount of PLN 5 billion. ENEA S.A. concluded an agreement in this subject with four banks: PKO BP, ING Bank Śląski, Pekao S.A. and mBank. The proceeds coming from new issues will be used as needed by ENEA, for the implementation of the investments described in the corporate strategy and for the financing of the current operations of the Group entities.
Analysts of DM Trigon commenced issuing recommendations for ENEA from "Buy". The target price of one share was set on the level of PLN 20. The report emphasised the attractive business profile and the stable balance sheet position of ENEA CG.
On 17 June in Warsaw a seminar was held titled "Power markets in Poland" - key legal, technical and economic aspects". The event initiator was ENEA S.A., and DM BZ WBK was a co-organiser. The meeting was dedicated to the representatives of TFI (Investment Fund Associations), OFE (Open-end Pension Funds) and brokerage houses. 22 representatives of financial institutions took part in the seminar.
WOOD & Company analysts in the report of 16 June recommend "Sell" for the securities of ENEA. The target price per share was set on the level of PLN 15.20.