PGG will need PLN 3 bln investments – energy minister

After merging KHW with Polska Grupa Górnicza (PGG), within two years, the new giant will need some PLN 3 billion for investments, energy minister Krzysztof Tchórzewski said. “Our discussions lead to a conclusion that such company would need investments exceeding PLN 3 billion. It's a big challenge.” Tchórzewski explained that such investments would have to be made in the next two years. The ministry is currently negotiating with workers unions of both companies the details concerning the merger. According to Tchórzewski if the merger would happen before the end of March, negotiations should conclude within the “next few days.”