Sunday, August 23, 2015

Enea terminated the contract Bogdanka mine. Coal too expensive – Polish Radio

                             Enea managed to reduce the cost of financing its debt by 270 million zł. The company implements planned for the next five years the investment program, which is worth 20 billion zł. Absorbs a large part of the expansion of the power plant in Kozienice.
                         

Enea produces over 3 thousand. MW of power and has a chance until 2020 to double that amount. The company builds, among others, giant block 11 in the Kozienice power plant, which two years can provide further than 1 thousand. MW electricity.

– Many investments are related to the manufacture and construction of Block 11 – says the news agency Newseria Investor Christopher Zamasz, CEO of Enea. – This is the biggest bloc in the country, in Europe and even perhaps in the world. This unit is more than 6.5 billion zł. On average for the year 2020, approximately 900 million zł spend it on investments distribution, new networks, new connections and new transformer stations.

Enea is also investing in renewable energy, which in five years has produced for its approx. 500 MW and the source of cogeneration and district heating, which formed has 300 MW of electricity and 1.5 thousand. MW of heat.

– This causes the group out of its own funds, which generate the revenue, the sale of energy from the production and sale of electricity, has a large need for external funding – said Krzysztof Zamasz. – That’s why we launched another program bonds. This program is also associated with obtaining financing for current needs.

In early February, Enea has issued bonds worth 1 billion zł in the first pool of the bond issue program to a maximum of 5 billion zł. As president, however, it underlines the company very guarded debt ratio to EBITDA. At the end of the third quarter of 2014. Ratio was 0.2; at the end of the investment cycle in 2020 is to reach 2.5.

– Permanent and constantly restructuring the debt that we have – says CEO of Enea. – We have enough comfortable situation that we can restructure the funding that we acquired earlier. As a result, the group lowered financing costs by about 270 million zł recently. These are big money, so we try to be very active participant also in the area of ​​borrowing financing in a very thoughtful and wise way.

The company can count on money from the European Union

In its program, the investment company can count on money from the European Union. From the total pool of 85 billion earmarked for 2014-2020 for the protection of the environment and the ensuing modernization of the energy sector has hit 9.1 billion euros. While 10 billion will go to work on modern technologies. Out of this amount, through the National Research and Development Centre, draw may also such companies as Enea, which for its part declared that he wants for this purpose to spend several hundred million dollars.

– We have a lot of projects innovation for future years – says Krzysztof Zamasz. – A fairly tight enter into R & amp; D [research and development, research and development - ed.], Under the new hand and new measures by NCBiR also will want to apply, as a consortium of several entities, especially those most energy. We see very large opportunities and space to reduce costs for our group and our clients.

Newseria, bless

LikeTweet

No comments:

Post a Comment