Energa plans 2014 capex below this year level - CEO
December 12, 2013
Power group Energa, which debuted on the WSE on Wednesday, will reduce its capex next year from the 2013 level of some PLN 3 billion, CEO Miroslaw Bielinski said.
"Investment outlays this year will amount to around PLN 3 billion," Bielinski said. "Next year they will be smaller, as we are not planning large acquisitions."
Energa will mainly invest in its distribution business, the CEO said.
Investments in renewable energy will be delayed until the final version of new legislation is ready, Bielinski also said.
Energa debuted on Warsaw Stock Exchange at PLN 16.95, down by 0.29% from the issue price of PLN 17.