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Energa SAPolish power group Energa to set up EUR 20.4 mln reserve due to regulatory tariffs
Energa Obrot, the distribution subsidiary of Energa power group, is to set up a reserve of PLN 87 mln (EUR 20,4 mln) due to regulatory tariff on energy sales to households, which will enter into force on October,1 - the company said in a market filing.
"Analyses conducted by the company indicate the need to create a reserve of approximately PLN 87 million due to contracts that generate liabilities. The reserve will be included in the cost of sales in the third quarter of this year," Energa said in market filing. (PAP Biznes)
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