PGE looks to divest of coal-fired plants

PGE's President, Dariusz Marzec, advocates swiftly separating coal assets from the group while expressing reservations about nuclear projects. PGE generated 56.8 TWh of electricity in 2023, a 14% decrease year-on-year, with coal production down 25%. Marzec acknowledges the challenging market conditions and emphasizes the need for operational changes. Despite significant financial losses, PGE is adapting to regulatory shifts.

Marzec highlights the substantial decline in electricity production from fossil fuels, particularly coal, impacting the economic performance of PGE's conventional energy segment.

Source: wnp.pl