Key events in 2018
Ostrołęka C Project - next steps in the process
On 2 July 2018, the Management Board of ENEA S.A. received from the Management Board of Elektrownia Ostrołęka Sp. z o.o. a request for consent to conclude a public procurement agreement with the general contractor selected through the procedure for the award of a sectoral public procurement contract under the competitive dialogue entitled “Construction of Ostrołęka C Power Plant with a capacity of approx. 1,000 MW”. The Extraordinary Shareholders Meeting of Elektrownia Ostrołęka Sp. z o.o. expressed its consent to the conclusion of the aforementioned agreement on 6 July 2018, and 6 days later, i.e. on 12 July 2018, Elektrownia Ostrołęka Sp. z o.o. signed a public procurement agreement with the general contractor: Consortium of GE Power Sp. z o.o. - Leader of the Consortium and Alstom Power Systems S.A.S. Apart from ENEA S.A. and Energa S.A., the entity involved in financing the construction of the power plant will also be FIZAN Energia. On 4 September 2018, a memorandum of understanding was signed between Elektrownia Ostrołęka Sp. z o.o. and the aforementioned entities. The memorandum defines the preliminary structure of project financing. The next milestone in the process took place on 24 September 2018, when the Extraordinary General Meeting of ENEA S.A. granted a qualified consent to commence the Construction Stage within the Ostrołęka C Project. Earlier, on 3 September 2018, the same decision was announced by Energa S.A.
Changes in the Supervisory Board of ENEA S.A.
On 31 July 2018, Rafał Szymański handed in his resignation from the position of a member of the Supervisory Board of ENEA S.A. On 24 September 2018, Paweł Andrzej Koroblowski was appointed to the Supervisory Board of ENEA S.A.
Changes in the Management Boards of the subsidiaries
On 21 August 2018, Andrzej Wicik submitted a statement of resignation from the position of Vice-President of the Management Board for Development Strategy of ENEA Wytwarzanie Sp. z o.o. effective as of 31 August 2018. At a meeting on 4 September 2018, the Supervisory Board of ENEA Wytwarzanie decided to appoint, as of 10 September 2018, Tomasz Siwak to the position of Vice-President of the Management Board for Development Strategy of ENEA Wytwarzanie. On 10 August 2018, the Supervisory Board of ENEA Centrum dismissed from the Company’s Management Board Ewa Troszczyńska - Member of the Management Board for Financial Affairs, Łukasz Pawłowski - Member of the Management Board for Customer Service and Krzysztof Kierzkowski - Member of the Management Board for IT and Development. On 12 September 2018, the Supervisory Board of ENEA Centrum decided to appoint, as of 13 September 2018, Dariusz Szymczak as Member of the Management Board for Customer Service and Józef Aleszczyk as Member of the Management Board for Operational Affairs. On 19 September 2018, the Supervisory Board of LW Bogdanka S.A. dismissed Stanisław Misterka from the position of Vice-President for Economic and Financial Affairs and Sławomir Karlikowski from the position of Vice-President for Production and Development.
Completion of investments in Greater Poland and Western Pomerania
In July, the 110 kV high voltage line between Leszno Gronowo and Śrem in Greater Poland was commissioned and the Main Power Supply Point Zdroje in Western Pomerania was comprehensively revamped. The section of the line from Leszno to Śrem is the last stage of redevelopment of over 110 km of the line from Leszno to Września. Both investments were carried out by ENEA Operator.
ENEA S.A. and LW Bogdanka S.A. in FTSE Russell index at LSE
Poland was promoted from Emerging Markets to the prestigious Developed Markets status by FTSE Russell. On 24 September, next to GPW S.A., 36 other Polish companies also debuted in the Global Developed category of the FTSE Global Equity Index Series, among them ENEA S.A. and LW Bogdanka S.A., which were included in the Small Companies category. Poland’s quotations in the FTSE Global Developed Index started from Rank 23 among 25 developed capital markets.