Polish Energy Concern to enter life later this month

Within the next few weeks, the Treasury Ministry intends to establish the Polish Energy Concern (PKE). According to preliminary plans, the Treasury intends to transfer 35% of the shares in the Southern Energy Concern to the newly established firm. Additionally, the assets of the Kozienice power plant as well as several combined heat and power plants will support PKE. "First of all we want PKE to become a financial concern. We are planning to list the company's shares on the Warsaw Stock Exchange (WSE) in two years," said Deputy Treasury Minister Tadeusz Soroka. He added that the Ministry decided to postpone the debate on the amendment to the restructuring program of the energy sector due to the work on creating PKE as well as due to work on developing the strategy of the National Grid (PSE). (Parkiet, p. 3) A.Z.