• PGE Group with very good financial and operating results after three quarters of 2017

    08.11.2017

    • Total electricity output in the Group increased by 6%, including lignite-based generation by 10%
    • PGE posted very strong net profit of nearly PLN 3 billion, up by 146% y/y
    • The Group is maintaining good trends in operating results, posting solid EBITDA of over PLN 6.1 billion
    • Investment expenditures in this year’s first three quarters reached PLN 4.2 billion. Work progress on the new units in Opole is 86% and 40% on the new unit in Turów
    • Intensive investments in distribution grid expansion and connection of new clients are on-going
  • PGE Group gets green light to acquire EDF Polska

    06.10.2017

    PGE Group will acquire by the end of 2017 eight CHP plants in the largest Polish agglomerations such as the Tri-City area, Wrocław and Kraków, a power plant in the city of Rybnik in Silesia and nearly 400 km of district heating network in four cities. The Office of Competition and Consumer Protection (UOKiK) has given condition approval for the purchase of the Polish assets of France’s EDF. The approx. PLN 4.5 billion transaction will be one of the largest M&A deals in Poland and Europe in recent years.

  • PGE Group with good financial and operating results in H1 2017

    08.11.2017

    • PGE is continuing to post good operating results, alongside solid EBITDA of more than PLN 3.4 billion
    • Total electricity production volume grew by 10%. Production at the modernised Bełchatów power plant went up by 20% from the first half of 2016
    • The Group achieved a 3% increase in energy distribution volume in the second quarter of 2017 versus a 2% increase nationwide
    • Work on the construction sites of key investments is progressing – new units at Opole are 80% complete and a new unit in Turów is 30% finished
  • PLN 500 million loan from EBRD to support development and modernisation programme for PGE’s distribution network

    08.06.2017

    PGE Polska Grupa Energetyczna has obtained a PLN 500 million loan to support its long-term distribution network development and modernisation programme. The agreement between PGE and the European Bank for Reconstruction and Development was signed on 7 June.

  • PGE with a conditional agreement for the purchase of Polish assets of EDF (Conditional Share Sale Agreement). After the transaction PGE will lead the heat market

    19.05.2017

    PGE Polska Grupa Energetyczna has successfully concluded negotiations on the purchase of French EDF’s assets in Poland. Thanks to the independent acquisition of 8 CHP plants in the biggest agglomerations such as Trójmiasto (Tricity), Wrocław and Kraków, located in five voivodeships, the Rybnik power station in Silesia and almost 400 km of heating network in four cities, the PGE Group will strengthen its leading position on the Polish electricity market and will become the largest supplier of the system heat. A conditional  agreement worth a total of PLN 4.5 billion was signed on 19 May 2017.