Fourth quarter
•
4
October
2021
–
execution
of
an
Annex
to
Steam
Coal
Purchase
Agreement
No.
3/W/2012
between
ENEA
Elektrownia
Połaniec
S.A.
and
LW
Bogdanka
S.A.
for
the
purchase
of
coal
and
an
annex
to
the
additional
coal
purchase
agreement
between these entities.
•
4
October
2021
–
execution
of
an
Annex
to
the
Multi-Year
Agreement
No.
UW/LW/01/2012
and
the
Additional
Coal
Purchase
Agreement No. UD/LW/04/2021 between LW Bogdanka S.A. and ENEA Wytwarzanie sp. z o.o.
•
On
18
November
2021,
ENEA
S.A.
and
PGE
Polska
Grupa
Energetyczna
S.A.
signed
a
conditional
share
purchase
agreement
for
three
project
companies,
which
will
obtain
location
permits
for
the
construction
of
offshore
wind
farms
in
the
Polish
Exclusive
Economic
Zone
in
the
Baltic
Sea.
The
UOKiK
permit
is
the
only
condition
precedent
for
the
preliminary
agreement.
The
application to the President of UOKiK for concentration of PGE S.A. and ENEA S.A. was filed on 5 July 2021.
•
On
18
November
2021,
the
Company’s
Extraordinary
General
Meeting
adopted
a
resolution
by
the
power
of
which
Mr.
Tomasz
Lis was appointed to the ENEA S.A. Supervisory Board of the 10th term of office.
•
On
29
November
2021
the
Company’s
Supervisory
Board
adopted
a
resolution
to
appoint,
as
of
that
date,
Mr.
Lech
Adam
Żak
to
the
position
of
ENEA
S.A.
Management
Board
Member
for
Strategy
and
Development
for
the
joint
term
of
office
commenced
on the date of holding the Company’s Ordinary General Meeting which approved the financial statements for 2018.
•
On
1
December
2021,
the
Fitch
Ratings
agency
issued
a
press
release,
in
which
it
affirmed
the
Company’s
long-term
foreign-
and local-currency issuer default ratings at ‘BBB’ with stable outlook.
•
On
7
December
2021,
the
Company’s
Management
Board
adopted
a
resolution
to
change,
as
of
13
December
2021,
the
address of the Company’s registered office from ul. Górecka 1, 60-201 Poznań, to ul. Pastelowa 8, 60-198 Poznań.
•
On
15
December
2021,
by
the
power
of
a
resolution
of
the
ENEA
S.A.
Supervisory
Board,
the
Company
accepted
for
implementation the updated “ENEA Group Development Strategy until 2030 with an outlook to 2040”.
•
On
16
December
2021,
as
a
result
of
the
capacity
market
auction
for
2026,
a
total
of
not
less
than
1,028
MW
of
the
capacity
obligation was contracted for members of the ENEA Group.
•
16
December
2021
–
execution
of
Annex
to
the
Steam
Coal
Purchase
Agreement
No.
3/W/2021
between
ENEA
Elektrownia
Połaniec S.A. and LW Bogdanka S.A.
•
16
December
2021
–
execution
of
an
Annex
to
the
Multi-Year
Agreement
No.
UW/LW/01/2012
and
the
Additional
Coal
Purchase Agreement No. UD/LW/05/2021 between ENEA Wytwarzanie sp. z o.o. and LW Bogdanka S.A.
•
On
20
December
2021,
Polskie
Sieci
Elektroenergetyczne
S.A.
announced
the
preliminary
outcome
of
the
primary
capacity
market auction for 2026, including the capacity auction closing price of PLN 400.39 per kW per year.
•
On
21
December
2021
the
Company
received
a
letter
of
resignation
tendered
by
Mr.
Mariusz
Fistek
from
serving
in
the
capacity
of a Supervisory Board member as of 22 December 2021.
•
On
22
December
2021,
an
annex
was
signed
between
Elektrownia
Ostrołęka
Sp.
z
o.o.
and
GE
Power
Sp.
z
o.o.
extending
the settlement date until 25 March 2022.
•
On
23
December
2021,
the
UOKiK
President
issued
a
decision
on
the
unconditional
concentration
permit
allowing
ENEA
S.A.
to
purchase
from
PGE
Polska
Grupa
Energetyczna
S.A.
shares
in
three
project
companies,
which
are
to
obtain
location
permits
for the construction of offshore wind farms (PSZW).
•
On
29
December
2021,
a
final
acceptance
report
was
written
for
the
completed
strategic
investment
project
entitled
“Construction
of
KR-Zachód
cogeneration
source
in
Piła”.
The
CHP
plant
is
currently
in
the
commissioning
phase.
The
installed
power capacity is 8.5 MWe and thermal capacity 8.4 MWt.
1.2. Events after the reporting period
•
On
19
January
2022,
the
ENEA
S.A.
Management
Board
adopted
a
resolution
to
initiate
the
process
of
increasing
the
share
capital
by
an
amount
of
no
less
than
PLN
1.00
and
no
more
than
PLN
88,288,515,
i.e.
up
to
the
amount
no
greater
than
PLN
529,731,093,
through
the
issue
of
no
less
than
1
and
no
more
than
88,288,515
D
series
common
bearer
shares
with
a
par
value of PLN 1.00 each. Detailed information on the share issue is presented in current reports nos. 1-3/2022.
•
On
21
January
2022,
ENEA
S.A.
submitted
an
application
to
the
Prime
Minister
for
the
State
Treasury
to
subscribe
for
the
Company’s
series
D
shares
for
a
total
amount
not
greater
than
PLN
899,659,967.85
in
exchange
for
a
cash
contribution
from
the reprivatization fund.
•
On
26
January
2022,
PGE
Polska
Grupa
Energetyczna
S.A.
jointly
with
ENEA
S.A.,
through
special
project
companies
being
the
subject
matter
of
a
joint
venture
concerning
an
investment
in
offshore
wind
farms,
submitted
applications
to
issue
location
permits for the construction of offshore wind farms
for the areas nos. 14.E.1 and 60.E.4.
•
On
31
January
2022,
Elektrownia
Ostrołęka
Sp.
z
o.o.
terminated
the
contract
implementing
the
capacity
obligation
contracted
as a result of the capacity market auction for 2023, as reported on by the Issuer in current report No. 66/2018.
•
On
3
February
2022,
the
need
was
identified
to
increase
the
provision
for
onerous
contracts
in
the
trading
segment,
the
balance
of
which
as
at
30
September
2021
was
PLN
61.9
million
in
accordance
with
the
standalone
financial
statements
of
ENEA
S.A.
included
in
the
interim
report
for
Q3
2021,
to
PLN
250.1
million.
Additionally,
the
provision
for
future
investment
commitments
towards
Elektrownia
Ostrołęka
sp.
z
o.o.
was
partially
reversed
(after
being
originally
recognized
in
the
amount
of
PLN
222.2
million) from PLN 108.1 million (shown in the interim report for Q3 2021) by PLN 61.6 million to PLN 46.5 million.
•
On
21
February
2022,
the
Court
of
Appeal
in
Poznań
handed
down
a
judgment,
in
which
the
Court
of
Appeal:
(i)
modified
the
judgment
of
the
Regional
Court
in
Poznań
by
stating
that
termination
of
the
contract
by
ENEA
S.A.
had
no
legal
effect
and
the
contract
with
Golice
Wind
Farm
sp.
z o.o.
in
Warsaw
remains
in
effect;
(ii)
dismissed
the
remainder
of
the
appeal;
(iii)
dismissed
the appeal of ENEA S.A.; (iv) awarded the costs of the appeal proceedings from ENEA S.A. to the Plaintiff.
•
On
10
March
2022,
the
Company’s
Extraordinary
General
Meeting
adopted
a
resolution
by
the
power
of
which,
effective
on
the same date, Mr. Radosław Kwaśnicki was appointed to the ENEA S.A. Supervisory Board of the 10th term of office.
•
The
Extraordinary
General
Meeting
of
the
company
held
on
10
March
2022
adopted
a
resolution
to
adjourn
the
EGM
in
the
part relating to the voting on resolutions on issue of series D shares. The EGM will be resumed on 8 April 2022.
•
On
11
March
2022
the
Company
signed
a
surety
agreement
with
Powszechna
Kasa
Oszczędności
Bank
Polski
S.A.
to
secure
obligations
of
its
subsidiary
ENEA
Trading
sp.
z
o.o.
up
to
the
amount
of
PLN
2,400,000,000.
Detailed
information
on
the
agreement is provided in Current Report No. 15/2022 of 11 March 2022.