PLN

ASEAN AIPF Opened by President, PLN Presents Green Enabling Supergrid

Retrieved on: 
Thursday, September 7, 2023

On the occasion, PLN PD Darmawan Prasodjo emphasized the commitment to achieving Net Zero Emission by 2060 and accelerating the development of renewable energy and the green enabling ASEAN Power Grid project.

Key Points: 
  • On the occasion, PLN PD Darmawan Prasodjo emphasized the commitment to achieving Net Zero Emission by 2060 and accelerating the development of renewable energy and the green enabling ASEAN Power Grid project.
  • PLN President Director Darmawan Prasodjo presenting latest ASEAN Power Grid developments to President Jokowi and other ASEAN country leaders.
  • PLN is currently building a green enabling supergrid equipped with smartgrid and flexible generations.
  • "The Green Enabling Supergrid is an effeort balance the renewable energy scattered in Sumatra and Kalimantan, and the the demand center in Java.

PLN Signs Cooperation with TANESCO to Develop Electricity Ecosystem in Tanzania

Retrieved on: 
Monday, September 4, 2023

Aiming to carry out similar developments in Africa, TANESCO agreed to a business cooperation with PLN.

Key Points: 
  • Aiming to carry out similar developments in Africa, TANESCO agreed to a business cooperation with PLN.
  • PLN President Director Darmawan Prasodjo and TANESCO Managing Director Maharage Chande signing the MoU in Dar Es Salaam, Tanzania, on August 22.
  • The signing of an MoU between PLN and TANESCO signifies a significant milestone in the field of international business cooperation.
  • Managing Director of TANESCO, Maharage Chande said the business transformation steps taken by PLN can be adopted by TANESCO to make the electricity system in East Africa, especially Tanzania more reliable and sustainable.

Poland Mortgage Lending Report 2023: New Mortgage Lending to Stagnate in 2023 and then to Accelerate Gradually in 2024 and 2025 - ResearchAndMarkets.com

Retrieved on: 
Thursday, August 31, 2023

The "Mortgage Lending in Poland, 2023 - 2025" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Mortgage Lending in Poland, 2023 - 2025" report has been added to ResearchAndMarkets.com's offering.
  • The report builds on the success of its previous issues and provides an updated view of emerging trends in the Polish mortgage lending market.
  • Similarly to the previous report, our analysis covers a wide range of perspectives, including market size, competitive structure, market shares, and margins.
  • In the base scenario, we expect new mortgage lending to stagnate in 2023 and then to accelerate gradually in 2024 and 2025.

AM Best Revises Outlooks to Stable for Polskie Towarzystwo Reasekuracji S.A.

Retrieved on: 
Friday, August 18, 2023

AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Polskie Towarzystwo Reasekuracji S.A. (Polish Re) (Poland).

Key Points: 
  • AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Polskie Towarzystwo Reasekuracji S.A. (Polish Re) (Poland).
  • In addition, Fairfax provides technical support in areas such as reserving, retrocession protection and investment management services.
  • The projected improvement in 2023 factors a planned USD 18 million capital injection from Fairfax, due to occur before year end.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

PLN to Cooperate with CCCC, an EPC Company, Focusing on Development of Renewable Energy

Retrieved on: 
Tuesday, May 23, 2023

Construction Co., Ltd (CCCC) for the development of renewable energy (RE) in Indonesia.

Key Points: 
  • Construction Co., Ltd (CCCC) for the development of renewable energy (RE) in Indonesia.
  • Darmawan Prasodjo explained that his company is currently developing renewable energy power plants, including hydroelectric power plants, solar power plants, wind turbines and pumped storage power plants, in Indonesia.
  • "The cooperation that has been built between PLN and CCCC is expected to accelerate the construction of renewable energy power plants.
  • through solid cooperation between PLN and CCCC is also expected to strengthen economic relations between China and Indonesia," stated Darmawan.

Molecure completes successful Secondary Public Offering (SPO) of approximately PLN 50 million (USD 12 million) with proceeds to be used to fund and build a first in class, sustainable pipeline of breakthrough therapies

Retrieved on: 
Friday, July 21, 2023

The issue price was set at PLN 18, bringing the gross value of the offering to approximately PLN 50 million.

Key Points: 
  • The issue price was set at PLN 18, bringing the gross value of the offering to approximately PLN 50 million.
  • We would like to thank all investors for participating in the offering and for the trust they have placed in Molecure.
  • Considering the current market conditions, we view the execution of the share issue as a remarkable achievement.
  • Molecure estimates that the capital expenditure associated with the strategy from mid-2023 to the end of 2025 will amount to approximately PLN 250 million.

Pro League Network and BrinxTV Sign Production Deal for Made-for-Wagering Content and Streaming

Retrieved on: 
Thursday, July 20, 2023

NEW YORK, July 20, 2023 /PRNewswire/ -- Pro League Network (www.ProLeagueNetwork.com), the leading producer of fun and inherently bettable live sports for sportsbook operators, and Brinx TV (Brinx.tv), the rising platform for the next generation of sports entertainment programming, will bring PLN's made-for-wagering sports to a wider audience on the Brinx TV platform.

Key Points: 
  • As part of the rights deal, Brinx TV and PLN will jointly produce live made-for-wagering sporting events exclusive to the Brinx.TV platform and additional shoulder programming focused on PLN sports.
  • PLN and Brinx.TV will jointly produce a number of PLN sports on location, as well at Trillith Studios in Atlanta.
  • The companies will develop a PLN-branded channel on the Brinx.TV platform that will serve as a destination for PLN sports.
  • "PLN is ahead of the curve in the sports betting market," said John Brenkus, six-time Emmy Award winner and creator of Brinx.TV.

Lottery results: analysis of exceptional winnings in June 2023 from renomovekasyno.pl

Retrieved on: 
Friday, July 7, 2023

Michal Stępień, an expert at renomowanekasyno.pl , analyzed Totalizator Sportowy's data for June and shared the biggest winnings of the month in Poland.

Key Points: 
  • Michal Stępień, an expert at renomowanekasyno.pl , analyzed Totalizator Sportowy's data for June and shared the biggest winnings of the month in Poland.
  • At the same time, there was another lucky jackpot in Trzebnica, Lower Silesia, with a Lotto Plus win.
  • It was the biggest win in the history of the lottery in that city.
  • During the Multi Multi and Multi Plus promotion period, hitting 9 numbers resulted in a 50% increase in winnings.

EQS-News: Commerzbank continues to aim for a significantly higher net profit in 2023 despite additional burdens in Poland

Retrieved on: 
Friday, June 23, 2023

Overall, the provision for legal risks arising from mBank’s Swiss franc loans now amounts to a total of PLN 7.517 billion (around €1.7 billion).

Key Points: 
  • Overall, the provision for legal risks arising from mBank’s Swiss franc loans now amounts to a total of PLN 7.517 billion (around €1.7 billion).
  • The additional provisions in Poland will have a corresponding negative impact on Commerzbank’s operating result in the second quarter of the current year.
  • Despite this burden, Commerzbank still aims for a net result in 2023 well above that of 2022.
  • In addition, a legal solution to the foreign currency issue in Poland would be desirable.”

Additional provisions for CHF loan portfolio at mBank of €342m – Commerzbank still aiming for a net profit in 2023 well above that of 2022

Retrieved on: 
Friday, June 23, 2023

€342 million) for its CHF loan portfolio in Q2.

Key Points: 
  • €342 million) for its CHF loan portfolio in Q2.
  • Commerzbank’s second quarter operating result will be burdened by a corresponding amount which will be booked as negative revenues in “Other net income”.
  • Despite this burden, Commerzbank still aims for a net result in 2023 well above that of 2022.
  • Commerzbank has no obligation to update or release any revisions to the forward-looking statements contained in this release to reflect events or circumstances after the date of this release.