PGE Polska Grupa Energetyczna S.A. is the largest power producer and supplier in Poland and one of the biggest heat and power sector companies in Central and Eastern Europe. Due to a combination of its own fuel (lignite) resources, power generation and final distribution networks, PGE guarantees safe and stable power supply to approximately 5 million households, businesses and institutions.
The PGE Capital Group has operated under its current structure since 2007. The biggest competitive advantage of the Company is its vertical integration and its presence in nearly the whole chain of values in the power generation business (except for power transmission, which is dealt with by the company PSE Operator). The activities of Polska Grupa Energetyczna focus on the following areas: Conventional Power Generation, Wholesale, Distribution, Retail, Renewable Power Generation. Sustainable development is one of the major principles of PGE Capital Group. PGE is a trustworthy company, whose operations are based on the highest corporate standards.
The company's net power generation amounts to about 56 TWh, which constitutes 42% of the national electricity output. The PGE Group employs over 46.000. workers and has 12.4 GW of the installed generation capacities.
In order to establish itself as the Polish market leader and join the European top companies, PGE is following a comprehensive development strategy. By 2012 the Company intends to spend PLN 38.9 bn on investment. Over 20% of these funds will be expenditure on the development of renewable sources of energy. Apart from the implementation of the investment programme, the main goals of PGE for the coming years include:
- Consolidation of PGE Capital Group, which will significantly improve the organisation’s operational efficiency and management through the establishment of six main companies responsible for individual operating segments, i.e.: Conventional Power Generation (fuel mining and power generation), Nuclear Power Generation, Renewable Power Generation, Wholesale, Distribution and Retail.
- Local and foreign expansion involving the development of new and modernisation of the existing power generation capabilities. PGE might also acquire other companies.
- Development of nuclear power generation in Poland. In January 2009, the Polish government placed an order with PGE for the construction of two nuclear power plants with a planned capacity of 3,000 MW each. The first unit is expected to be opened in 2020.
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The PGE Capital Group – key facts and figures (data as for 2009)
- 53,8 TWh – the volume of the power generated by the PGE Capital Group.
- 43,1 m tons –the volume of the lignite excavated by the PGE Capital Group's lignite mines.
- 12.4 GW – the installed capacity of the power plants and cogeneration plants belonging to the PGE Capital Group (this places PGE in twelfth position on the list of Europe's biggest power generation companies).