Economy
20:15 16 July 2020
Post by: WBJ

Energy firm in ‘danger of collapsing,’ says head

Energy firm in ‘danger of collapsing,’ says head
Representative image. Source: pexels.com

Radical decisions are needed in the energy and mining sectors, and if nothing is done in a year and a half, we will bring the company into bankruptcy in two years, says Wojciech Dąbrowski, head of PGE Polska Grupa Energetyczna – a state-owned public power company and the largest power producing company in Poland.

In an interview for the renowned Polish daily “Dziennik Gazeta Prawna,” Dąbrowski said that PGE wants to focus on the construction of offshore wind farms and assesses that the expenditure of PLN 60-80 billion on a nuclear power plant is beyond the group’s capabilities and that the project should be supervised by the State Treasury.

“You have to make radical decisions, create a plan in agreement with the social side, which applies to both mining and energy. We can no longer pretend that we do not see the problem because if we do nothing in a year and a half, in two years we will bankrupt the company. And I say it with full responsibility,” PGE chief emphasized.

(PAP)

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