Enea updated its strategy

Guaranteeing fuel supplies for own generating assets, innovations and extended HR policy - these are the three key new elements of the Group's strategy. Enea also modified its investment plans, taking into account dynamic changes of market and regulatory conditions. Elements which have not changed include the mission, vision and the map of the Group's strategic goals which still is: higher value for shareholders, building long-term customer relations, growth in profitable areas, improved efficiency and optimum use of the organisation's potential. During 2015-2020 the company will invest around PLN 17 billion.

Enea's mission is consistently "enhancing the Group's value through building customer confidence", and the vision: "fully integrated energy group building its competitive advantage through flexible responding to market needs and efficient resources management". The final development scenario foresees that the superior idea of the Group's operations shall be building value for shareholders and guaranteeing reliability of energy supplies to customers.

- Our core generating assets are based on bituminous coal and profitability of this area is currently under a great pressure which will continue to increase, in our assessment. Therefore we need to adjust the purchase of coal from the mining assets so as to reduce fuel costs within the Group and improve the competitiveness of our generation. - emphasises Krzysztof Zamasz, president of Enea.

The implementation of innovations and new technologies is another new element of the Group's strategy. In Enea's assessment, this activity is one of the key factors affecting the enterprise competitiveness on the market.

- In the conditions of a durable global low level of economic growth the innovativeness and innovations become the key factors enabling generation of a growth in revenue and margins on products. We will focus on customer needs and improvement of the internal efficiency of the organisation within this area. It will enhance our competitiveness - adds Krzysztof Zamasz, president of Enea.

In turn, the formulation and implementation of the new comprehensive HR policy will allow for the realisation of goals and tasks faced by the Group, satisfying at the same time the ambitions and professional aspirations of employees. The Company will concentrate on raising the work efficiency e.g. through the management of deliverables and remunerating for results and management of competence, knowledge and development of employees.

The Group will pursue the development of its generating capacity to the level of:

- additional 1,075 MWe in the segment of system power plants in 2017 (unit No. 11 in Kozienice);

- additional ca. 500 MWe in renewable sources finally until 2020;

- ca. 200 MWe and 1,000 MWt in cogeneration sources and heating networks.

As compared to the 2013 perspective, Enea verified mainly its investment plans within cogenration sources and heating networks. The final volumes of capacity installed in this type of installations were reduced by ca. 100 MWe and ca. 500 MWt.

The realisation of the investments planned during 2015-2020 requires incurring total expenditures in the amount of ca. PLN 17 billion. The updated strategy was approved by the Supervisory Board.