PSE may break its promise to invest in power exchange

Power grid Polskie Siec Elektroenergetyczne (PSE) has signed a contract to be listed on the energy exchange Gielda Energia (GE). However, it not yet certain whether PSE will go ahead with the major capital investment it had previously promised GE. PSE vice-president Marek Zerki says his company has already invested zl. 30 million to zl. 50 million in GE's information technology (IT) and telecommunications infrastructure and has promised more investment when the exchange is fully operational. PSE is reluctant to invest heavily in GE until there is appropriate legislation in place to ensure efficient operation of the exchange. (Puls Biznesu, page 5) S.M.