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| Company type | Public (WSE: PGE) |
|---|---|
| ISIN | PLPGER000010  |
| Industry | Conglomerate |
| Founded | 1990 |
| Headquarters | Warsaw, Poland |
| Area served | Europe |
| Key people | Tomasz Zadroga,(President) |
| Revenue | €2.91 billion |
| Operating income | €53.69 million |
| Net income | €729.30 million |
| Total assets | €8.08 billion |
| Total equity | €7.20 billion |
| Number of employees | 46,600 |
| Website | www.pgesa.pl |
Polska Grupa Energetyczna (PGE SA or PGE Group) is a state-owned power company and the largest power producing company in Poland.
History
The PGE Group has its origin in the establishment of Polskie Sieci Elektroenergetyczne S.A. in 1990. In 2007 the Transmission System Operator PSE-Operator was separated from the PSE. On 9 May 2007 Polska Grupa Energetyczna was established by the merger of PSE, PGE Energia SA and BOT Górnictwo i Energetyka S.A. 6 November 2009 IPO in Warsaw Stock Exchange. 19 March 2010 included to WIG20.
Operations
The PGE Group operates two large lignite mines and more than 40 power stations, including the Bełchatów Power Station. Power stations are fueled mainly by hard coal and lignite. The company consists of eight distribution system operator companies, eight electricity retail sales companies, an electricity wholesale company and enterprises operating in other industries (including the telecommunications).
Nuclear energy
ON 15 January 2009, the company announced a plan to build two nuclear power stations in Poland. It also participates in the Visaginas Nuclear Power Plant project.
Sports
The company bought the naming rights for the PGE Arena Gdańsk, a football stadium in Gdańsk, Poland, for 35 million złoty (about 8.5 million euro) for a duration of five years. The 2010 Speedway World Cup is named according to PGE.
References
- PGE is quoted on Warsaw Stock Exchange.
Pawel Kozlowski; Katarzyna Klimasinska (2009-02-25). "Poland Can't Delay Asset Sales, Treasury's Grad Says". Bloomberg. Retrieved 2009-03-07.
{{cite journal}}: Cite journal requires|journal=(help)CS1 maint: multiple names: authors list (link) - ^ Tomasz Zadroga (2008-10-31). "Activities of the Polish Energy Group" (PDF). Baltic Rim Economies. Pan-European Institute. Retrieved 2009-03-07.
- ^ "Poland wants nuclear home and abroad". World Nuclear News. 2009-01-16. Retrieved 2009-03-07.
- "Polska Grupa Energetyczna". bankier.pl. 2009-01-15. Retrieved 2009-03-07.
- "Komunikat prasowy FIM" (in Polish). pzm.pl. 2010-07-14. Retrieved 2010-07-14.
External links
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