PKE puts energy into modernization and production

In the middle of this year PKE started moving towards this goal by kicking off construction of a new zl.2 billion energy block in Lagisza with a view to completing construction by June 2009. Along with this, at the beginning of next year PKE will also decide the fate of its Halemba and Bielsko plants. It is now awaiting modernization offers from investors, and preparing its consolidation with other entities within Energetyka Poludnie (EP), a proposed grouping of the Enion Kraków, Eneria Pro and Stalowa Wola power plants. According to the PKE board, the EP concern may debut on the bourse in 2008. The president of PKE Jan Kurp declared that next year it would sell its shares in the companies which are not related to the energy sector, however, it intends to retain shares in the Poludniowy Koncern Weglowy (PKW) coal mining company. According to the PKE board, the company will post a profit of zl.280 million with revenues amounting to zl.3.5 billion this year. (Puls Biznesu, p. 10) E.B.