Treasury Ministry receives strategy for formation of powerful new energy concern

One of the main parts of this strategy is the creation of a strong energy group, which has the working name of the Polish Energy Group. "We hope that the idea to form a fuel-energy concern will be supported by the Treasury and Economics Ministries," revealed Kurp. The decision might still be made still year. The potential holding is to be comprised of, besides PKE, the Kozienice power plant, Enion, Eastern Energy Group and Energetyka Podkarpacka. Moreover, it is also to encompass the Southern Coal Concern together with its Janina and Sobieski coal mines. "After its creation, the holding will control 32% of the energy distribution market," said Stanisław Tokarski, director for restructuring at PKE. The next phase is to privatise the holding through an IPO, while the funds raised are to be spent on the company's further development. (Puls Biznesu, p. 6) A.K.