Press releases
PGE has for quite some time been calling for the reform of EU’s Emissions Trading System (EU ETS). The most recent price swings and allowance shortages demonstrate that the EU ETS is no longer motivating energy producers to invest in renewable energy sources. The president of PGE’s management board, Wojciech Dąbrowski, presented the conclusions from a report prepared by Compass Lexecon, which identifies specific problems with the ETS market that lead to price volatility and a lack of market’s predictability.
PGE has signed a conditional agreement to purchase three onshore wind farms with total capacity of 84.2 MW. Conclusion of the transaction will result in 12 percent increase of PGE Group capacities in onshore technology that will amount to more than 770 MW.
PGE Polska Grupa Energetyczna is planning to issue series E shares. If approved by an Extraordinary General Meeting, the issue may raise an estimated PLN 3.2 billion. The funds raised from investors would be deployed to capital-intensive investment projects in the area of distribution grid development, renewable energy sources and decarbonisation through the development of low-carbon sources.
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New Management Board
Warsaw, 26 June 2008. On 26 June 2008, the supervisory board adopted a resolution appointing the following persons to the management board of PGE Polska Grupa Energetyczna S.A. effective 1 July 2008:
PGE – a highly reputable brand
PGE has been honoured in the 3rd annual PremiumBrand awards, an independent ranking of brand reputation in Poland.
PGE joins the Global Compact initiative
PGE joined the group of more than 3,000 companies and institutions from regions all over the world involved in the Global Compact project.
PGE Polska Grupa Energetyczna for the arts
We support the National Museum in Cracow Thanks to the support of PGE, the National Museum in Cracow will gain an exceptional loan. The Museum’s Main Hall will host one of the most interesting private collections of modern art.
The International World Media Festival took place in Hamburg on 13-14 May. During the official gala at the Delhi Showpalast Theatre, PGE Polska Grupa Energetyczna received the Globe Silver Award – Intermedia Globes 2008 in the TV advertising category for the spot ‘House Full of Energy’.
On May 15th of 2008, the Supervisory Board of PGE Polska Grupa Energetyczna S.A. adopted a resolution on the admission of candidates to the qualifying proceeding for positions in the PGE Management Board and on the specification of the time schedule for qualifying interviews.
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