PGE and PZU signed letter of intent

Power utility PGE and state controlled insurer PZU signed a letter of intent to support the development of new technologies. Both companies will look for opportunities to invest in innovative companies and "perspective projects" in the early stage of development. "PGE and PZU are leaders in their sectors, that is why they see a need to invest in ambitious projects aimed at developing new technologies. These types of projects are usually linked with high risk and need to be managed in a professional way. Nevertheless, they may bring above average added value thus increasing the quality and operational results of PGE and PZU," a press release read.