PGE plans to invest approx. PLN 70 billion by 2030, and wants to present a new strategy in June

Polska Grupa Energetyczna (PGE) estimates that the separation of conventional (coal) assets to the National Energy Security Agency (NABE) and the sale to the state treasury should be finalized in Q2 2023, PGE CEO Wojciech Dąbrowski announced.

“A decision will be made at the turn of March and April and we expect that then the state treasury will decide to purchase conventional assets. We have created a reserve for employees who are to leave PGE structures. This transaction and its finalization will take place in the second quarter of this year,” said Dąbrowski during a press conference.

At the beginning of March, Deputy Prime Minister and Minister of State Assets, Jacek Sasin, said that the formal decision on the creation of NABE will take place at the turn of March and April this year.

Assets related to the generation of electricity in conventional coal-fired units are to be separated from capital groups of energy companies with the State Treasury’s share to NABE. After separating coal assets, energy concerns are to focus on implementing low- and zero-emission investments. NABE is to operate in the form of a company with 100 percent. participation of the State Treasury.

The PGE Group generates 41% of net electricity production in Poland, and its share in the heat market is 18%. The Group estimates its share in the renewable energy market at 10%. In a distribution area of approx. 123,000 sq. km2 PGE serves 5.5 million customers. Its market share in terms of the volume of distributed electricity is 25%, and sales to end users – 33%. The company has been listed on the Warsaw Stock Exchange since 2009.

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