Press releases

The Management Board of PGE Polska Grupa Energetyczna decided to close projects with unsatisfactory rate of return, in particular those not directly related to the core business of the Group, and obliged all PGE Group companies to optimization and rationalization activities.

PGE Group's EBITDA with strong support from free EUA allowances. Net profit under pressure from impairment losses in Conventional Generation segment.

• PGE's EBITDA in 2019 reached PLN 7.1 billion, up 12% year-on-year.
• Adjusted net profit reached 2.1 billion, up 17% year-on-year.
• In 2019, PGE produced 58.3 TWh of electricity and sold 50.3 PJ of heat.
• Year-on-year electricity production from low-emission gas fuel increased by 9% to 4.5 TWh, while wind farms generated 20% more electricity, reaching 1.27 TWh.
• Expenditures on investments increased by 2% year-on-year in the reported period to PLN 7 billion.

Wojciech Dąbrowski, President of the Management Board of PGE Polska Grupa Energetyczna, was appointed to the position of the President of the Management Board of the Polish Electricity Association (PKEE).

Wojciech Dąbrowski, President of the Management Board of PGE Polska Grupa Energetyczna met with Paweł Szypulski, Programme Director of Greenpeace Polska. The meeting took place after the press conference organised by Greenpeace in front of the headquarters of PGE in Warsaw.

The net-zero emissions economy by 2050 requires significant investment effort, estimated at EUR 179-206 billion* for the power sector in Poland. Potential social and overall economic impact of the climate neutrality largely exceed that cost. The most vulnerable regions and sectors should not be left alone in facing this enormous challenge.