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 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.
• Electricity distribution and sales volumes increased compared to the previous year
• Construction of new units at Opole and Turów is on schedule. Work at Opole is over 70% complete and nearly 18% at Turów
• PGE expects further efficiency improvements and higher flexibility amid search for new business areas
• The Group increased electricity distribution and sales volumes compared to the previous year
• Construction of new units in Opole and Turów is progressing according to the plan
• Completing a comprehensive modernisation programme for units 7-12 in Bełchatów increased lignite-based production in the third quarter of 2016
• PGE is aiming for further efficiency improvements, higher flexibility and seeking new business areas