PSG with PLN 2.8 bln CAPEX

PSG, a subsidiary of WSE-listed gas giant PGNiG had its PLN 2.86 billion CAPEX approved by the energy market regulator URE. The company plans to invest this amount in the next two years. As stated, the funds will be used for adding new clients, construction of new and modernization of existing gas distribution networks, gasification of new areas, as well as investments in infrastructure accompanying the development of gas distribution network, the company explained. Overall, by 2022, PGNiG plans to spend PLN 11.3 billion on investments.