PGE to energize the bourse in 2008, Treasury decides

The debut of the company, comprised of PSE, BOT and PGE Energia, will have a record-high value of zl.10 billion and is planned for 2008. "For the time being we are working on the creation of the PGE, which will be a strong and competitive entity with strategic importance for the economy. We intend to continuously invest in production capacity. We also have a plan to develop the company in the CEE," said Andrzej Dudek, deputy president of the company. The firm is currently working on implementing IAS to obtain an international credit rating. "The holding should develop organically, while at the same time look for potential foreign acquisitions. We are also considering participation in a project envisaging the construction of new energy blocks in the nuclear power plant in Ignalina in Lithuania," said the deputy president. (Puls Biznesu, pp. 1, 4) M.M.