PKP Cargo to buy traction energy from PKP Energetyka for PLN 861 mln

PKP Cargo and PKP Energetyka have concluded an agreement worth PLN 700 million net (861 million gross) for the sale of electricity and distribution services by December 31, 2018, PKP Cargo reported. “The agreement covers the sale of electrical energy and provision of traction energy distribution services for the carrying out by the recipient of rail transport activities powered by electric traction, and by other transport companies using the recipient's electric locomotives,” PKP Cargo stated in its press release. PKP Cargo has been listed on the WSE since October 2013. The company is the No. 1 freight transporter in Poland (47.8 percent market share by weight in 2015) and the second-largest in the EU.