CEEP has a new member: Polska Grupa Energetyczna S.A. (PGE)

CEEP has a new member: Polska Grupa Energetyczna S.A. (PGE)

The PGE Capital Group, Poland’s largest power sector company with respect to sales revenues and net profit, became a CEEP member. Thanks to the combination of its own fuel resources, power generation and distribution networks, PGE guarantees a safe and reliable power supply to over 5 million households, businesses and institutions. In 2015, it had 12.77 GW installed capacity with a net electricity production of 54.58 TWh.

The business activities of Polska Grupa Energetyczna S.A. focus on the following: conventional power generation, distribution, retail, wholesale, renewable power generation, nuclear power generation.

It actively supports the development of the Polish electrical power industry, by conducting opinion-forming activities aimed at the improvement of power industry operations and the shaping of a rational, industry-friendly regulatory environment, both in Poland and in the European Union. Maintaining the leading position in generation is to involve achieving an at least 40% share in Poland's electricity generation market beyond 2020.

In order to maintain a leading position in generation, in the long-term PGE Group has three strategic options:

- Construction of Poland’s first nuclear power plant, following the development of a model guaranteeing economic viability of the investment.

- Construction of approx. 1000 MW capacity in off-shore wind farms, based on an auction support system. PGE Group intends to retain its leadership in the renewables segment and account for approx. 25% of domestic renewables generation by 2030.

- Modern coal-fired power generation, including utilization of new lignite deposits in case there is a significant easing of the climate policy.

PGE has over 38,500 employees.

www.gkpge.pl


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