PGE Polska Grupa Energetyczna invites participants to a panel discussion on ‘The Energy and Climate Package: Is the Energy Sector on the Verge of a Crisis?’ The event will accompany the 18th Economic Forum in Krynica and will be held on 12 September 2008 at 3 pm at the Ballroom of the Old Spa Building.
PGE will be represented by Tomasz Zadroga, President of PGE, and Henryk Majchrzak, Vice-President of PGE for Mining and Production.
The purpose of the panel is to draw attention to the impact that the European Commission’s proposed Energy and Climate Package may have on the energy sector and consequently on economic competitiveness. A number of threats can be perceived under the package, such as an increase in electricity prices, which would be especially painful for consumers. The results for companies can be even more dangerous: a decrease in competitiveness means a decrease in profit, and as a consequence, a decrease in investment and employment levels. This can also lead to growing production costs caused by a need to purchase CO2 emission permits. A lack of practical solutions for carbon dioxide capture and storage (CCS) in Europe as well as a number of regional limits to use of alternative power generation technologies will influence investors’ decisions, and as a result, this will lead to an overall decrease in the efficiency and competitiveness of the whole energy sector. Are we facing an energy crisis, a cut in production, and a significant decrease in capacity which could lead to a decrease in production of goods and services across all economic sectors?
Former Prime Minister Prof. Jerzy Buzek will be a special guest on the panel.
The other panellists will be:
Yngve Söderlund – Senior Manager, Nordic Investment Bank, Finland Torbjörn Wahlborg – National Director, Vattenfall Poland Sp. z o.o. Mikołaj Dowgielewicz – Secretary of State, Office of the European Integration Committee, Poland Christopher G. Nicholson – Deloitte Chairman of Global Power Engineering and Resources, USA
The debate will be moderated by Prof. Krzysztof Żmijewski – Chairman of the Programme Council, Investment Processes, Kwiatkowski Institute, Poland.
PGE officials will also take part in the following debates:
10 September 2008:
Block: Fuels and the Energy Sector, 4:15 – 5:30 pm
Panel: ‘Energy Mix and Nuclear Energy for Europe’ – Paweł Urbański, Vice-President of PGE for Investment and Development
Block: Fuels and the Energy Sector, 5:40 – 6:55 pm
Panel: ‘Cooperation in Development of the Regional Energy System and Electric Power Supplies in the Baltic Region’
Block: The State and Reforms, 5:40 – 6:55 pm
Panel: ‘Should the State Influence Creation of Regional Business Leaders?’ – Marek Trawiński, Vice-President of PGE for Trade and Distribution
Block: Fuels and the Energy Sector, 7:05 – 8:20 pm
Panel: ‘Nuclear Power Engineering Development Perspectives in the Baltic Region’ – Paweł Urbański, Vice-President of PGE for Investment and Development
11 September 2008
Block: Business and Management, 10:30 – 11:45 am
Panel: ‘Overseas Expansion of Companies and the Supporting Role of the State’ – Wojciech Topolnicki, Vice-President of PGE for Finance
Block: Macroeconomics, 4:10 – 5:20 pm
Panel: ‘The Future of Alternative Sources of Electric Power’ – Tomasz Zadroga, President of PGE Polska Grupa Energetyczna S.A.