PKE wants to spread its wings over the next five years

If the Treasury Ministry agrees to the strategy proposed by Poludniowy Koncern Energetyczny (PKE), then the company will be extended through further partnerships. The concern is presently comprised of six power and two combined heating and power plants. PKE president Jan Kurp has announced that the strategy will mean the creation of a strong fuel-energy group which, apart from energy and heating production, would control coal mines and power plants with direct access to the final user. He has refused, however, to reveal details of the plan or to forecast the amount necessary for the planned capital investments. The company has revealed that the cost of technological development would amount to $600 million over the next 5 years. PKE might look for sources of financing both on the domestic market, through a new share issue, or abroad through issuing bonds. According to the Treasury Ministry's plans, PKE should debut on the Warsaw Stock Exchange (WSE) as early as next year. The company ended 2001 with a zl. 60 million profit on revenues of zl. 3.5 billion. (Prawo i Gospodarka, pp. 1, 3) M.M.