PGE, Energa and PGNiG Termika invest PLN 1.5 bln in coal group PGG

Polish Energy Group (PGE), Energa, and Polish Petroleum and Gas Mining (PGNiG Termika) intend to invest PLN 1.5 billion in coal group Polska Grupa Górnicza (PGG). Energa is ready to invest up to PLN 600 million, PGE up to PLN 500 million, while PGNiG Termika up to PLN 400 million, the filings indicated. In January, 11 mines belonging to Kompania Węglowa (the largest coal mining company in Poland and Europe) began operating under the banner of Polska Grupa Górnicza.