Polska Grupa Energetyczna
Encyclopedia
Polska Grupa Energetyczna (PGE SA or PGE Group, the name can be translated as Polish Energetic Group) is a state-owned power company and the largest power producing company in Poland
. PGE is listed on the Warsaw Stock Exchange
and is a constituent of the WIG20 index.
6 November 2009 IPO in Warsaw Stock Exchange
.
19 March 2010 included to WIG20.
. The company consists of eight distribution system operator companies, eight electricity retail sales companies, an electricity wholesale company and enterprises operating in other industries (including the telecommunications).
project.
for the PGE Arena Gdańsk, a football stadium in Gdańsk
, Poland, for 35 million złoty (about 8.5 million euro) for a duration of five years. The 2010 Speedway World Cup
is named according to PGE.
Poland
Poland , officially the Republic of Poland , is a country in Central Europe bordered by Germany to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus and Lithuania to the east; and the Baltic Sea and Kaliningrad Oblast, a Russian exclave, to the north...
. PGE is listed on the Warsaw Stock Exchange
Warsaw Stock Exchange
The Warsaw Stock Exchange , , is a stock exchange located in Warsaw, Poland. It has a capitalization of € 220 bln .The WSE is a member of the World Federation of Exchanges and the Federation of European Securities Exchanges.-History:...
and is a constituent of the WIG20 index.
History
The PGE Group has its origin in the establishment of Polskie Sieci Elektroenergetyczne S.A. in 1990. In 2007 the Transmission System Operator PSE-Operator was separated from the PSE. On 9 May 2007 Polska Grupa Energetyczna was established by the merger of PSE, PGE Energia SA and BOT Górnictwo i Energetyka S.A.6 November 2009 IPO in Warsaw Stock Exchange
Warsaw Stock Exchange
The Warsaw Stock Exchange , , is a stock exchange located in Warsaw, Poland. It has a capitalization of € 220 bln .The WSE is a member of the World Federation of Exchanges and the Federation of European Securities Exchanges.-History:...
.
19 March 2010 included to WIG20.
Operations
The PGE Group operates two large lignite mines and more than 40 power stations, including the Bełchatów Power Station. Power stations are fueled mainly by hard coal and ligniteLignite
Lignite, often referred to as brown coal, or Rosebud coal by Northern Pacific Railroad,is a soft brown fuel with characteristics that put it somewhere between coal and peat...
. The company consists of eight distribution system operator companies, eight electricity retail sales companies, an electricity wholesale company and enterprises operating in other industries (including the telecommunications).
Nuclear energy
ON 15 January 2009, the company announced a plan to build two nuclear power stations in Poland. It also participates in the Visaginas Nuclear Power PlantVisaginas nuclear power plant
Visaginas nuclear power plant is a planned nuclear power plant project in Lithuania. It is proposed to be built at the site of the closed Ignalina Nuclear Power Plant which was shut-down on 31 December 2009 in accordance with Lithuania's accession agreement to the European Union...
project.
Sponsorship
The company bought the naming rightsNaming rights
In the private sector, naming rights are a financial transaction whereby a corporation or other entity purchases the right to name a facility, typically for a defined period of time. For properties like a multi-purpose arena, performing arts venue or an athletic field, the term ranges from three...
for the PGE Arena Gdańsk, a football stadium in Gdańsk
Gdansk
Gdańsk is a Polish city on the Baltic coast, at the centre of the country's fourth-largest metropolitan area.The city lies on the southern edge of Gdańsk Bay , in a conurbation with the city of Gdynia, spa town of Sopot, and suburban communities, which together form a metropolitan area called the...
, Poland, for 35 million złoty (about 8.5 million euro) for a duration of five years. The 2010 Speedway World Cup
2010 Speedway World Cup
The 2010 FIM PGE Polska Grupa Energetyczna Speedway World Cup was the tenth FIM Speedway World Cup, the annual international speedway world championship tournament. It was originally scheduled to take place between 24 July and 31 July 2010, although re-stagings due to adverse weather meant that it...
is named according to PGE.