PGE Polska Grupa Energetyczna SA

Detailed Description

PGE Polska Grupa Energetyczna S.A. engages in the production, transmission, and distribution of electricity in Poland. The company operates through five segments: Conventional Generation, Renewables, Supply, Distribution, and Other Operations. It generates electricity from fossil fuels comprising lignite, hard coal, biomass, and natural gas, as well as renewable energy sources, such as hydro, wind, and photovoltaic. The company operates 5 conventional power plants; 16 CHP plants; 2 lignite mines; 17 wind farms; 5 photovoltaic power plants; 29 run-of-river hydro power plants; and 4 pumped-storage power plants, including 2 with natural flow. It produces, transmits, and distributes heat; sells and purchases electricity and gas on wholesale market; trades in CO2 emission allowances and property rights; and purchases and sells fuels, as well as sells electricity and provides services to end users. The company supplies power to approximately 5 million households, businesses, and institutions. The company was founded in 2007 and is based in Warsaw, Poland.