PKP Energetyka with PLN 3.2 bln CAPEX

Railway utility PKP Energetyka plans PLN 3.2 billion CAPEX for the 2017-2025 period, with PLN 1.65 billion to be spent by 2020, company’s CEO Wojciech Orzech said. “Without big investments, this company will not grow,” he explained. “Together with CVC fund [PKP Energetyka owner] we are working to secure funding for the development program,” he added. Out of that amount, PLN 1.2 billion will be spent on MUZ II project, while PLN 1.6 billion on other distribution projects. IT segment will get PLN 288 million CAPEX, and other sectors PLN 240 million.