PGNiG mulling supporting Kompania Węglowa

PGNiG Terminka, a subsidiary of PGNiG said in a statement that it will consider analyzing joining the project of saving troubled Kompania Węglowa miner, presented by the Ministry of the State Treasury on Thursday. "We are informing that PGNiG Termika will consider conducting analysis of acquiring stake in TF Silesia," the company's statement read. The government has decided to transfer up to 100 percent of Kompania Węglowa (KW) shares to the TF Silesia fund, treasury minister, Andrzej Czerwiński informed. Consequently the fund will acquire 11 mines included in KW. "TF Silesia will be the pillar of a strong energy-fuel concern. The energy company is positive about this idea, it expressed interest in taking part in the venture," Czerwiński said.