PGE Polska Grupa Energetyczna
PGE Polska Grupa Energetyczna S.A. (PGE SA or PGE Group, the name can be translated as Polish Energy Group) is a state-owned public power company and the largest power producing company in Poland. PGE is listed on the Warsaw Stock Exchange and is a constituent of the WIG30 index.
The registered office of PGE at ul. Mysia 2 in Warsaw | |
| Company type | state owned |
|---|---|
| ISIN | PLPGER000010 |
| Industry | Electricity |
| Founded | 2 August 1990 |
| Headquarters | , |
Key people | Wojciech Dąbrowski, CEO |
| Products | Electrical power |
| Revenue | $7.3 billion |
| 351,300,000 euro (2018) | |
| Total assets | $16.2 billion |
| Total equity | $5.2 billion |
Number of employees | 41,227 |
| Website | www |
The group is largely controlled by the Polish State Treasury who as of 9 July 2014 owns 58.39% of the public limited company. In addition to the activities of its core businesses of central and holdings companies in the generation and distribution of electricity, the group also trades electricity and other relevant products on the market. The total company revenue for 2015 was 28.542 billion złoty and the company made a net income loss of 3.032 billion złoty.
In October 2020, PGE Polska Grupa Energetyczna published a new strategy by 2030 with a perspective by 2050 and a transformation plan aimed at achieving climate neutrality of the Group in 2050. The key directions of the PGE Group's development will be offshore and onshore wind energy, photovoltaics, grid infrastructure, low-emission heating and energy services. The area of divestment and limitation of activity will include coal energy and hard coal trade.