Integrated Report 2018 | PGE Capital Group

  • WIND-POWERED FUTURE
  • DEVELOPMENT OF DISTRICT HEATING
  • MODERN ENERGY PROJECTS
WIND-POWERED FUTURE
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  • 2.5 GW
    total capacity of turbines of Baltica II and Baltica III projects
  • 97 MW
    total capacity of Klaster project

We are launching an offshore programme in the Baltic Sea, which will form a very important pillar of the Polish energy transformation. We are conducting a nearly 100 MW onshore wind farm project that will increase our onshore capacity from 550 MW to nearly 650 MW already in mid-2020.

DEVELOPMENT OF DISTRICT HEATING
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  • 25 %
    share of PGE in heat from co-generation
  • 51 PJ
    heat volume produced in 2018

We are investing in efficient and low-emission production of heat in co-generation. According with the District Heating Strategy, we are planning to increase the share of low-emission fuels in the energy mix of PGE Energia Ciepła, our company responsible for district heating, to 50% by 2030.

MODERN ENERGY PROJECTS
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  • 1800 MW
    total capacity of new units in Opole power plant
  • 496 MW
    capacity of new unit in Turów power plant

PGE Group’s flagship investments in Opole and Turów are of key importance to us. The construction of these modern and efficient generating units came close to the finish line in 2018. We are also implementing other projects, which are less spectacular but equally important. These include numerous modernisation works that improve production efficiency and reduce the environmental footprint.

  • NATURAL ENVIRONMENT
  • FINANCIAL RESULTS
  • OPERATING RESULT
NATURAL ENVIRONMENT
  • 60 million tones
    Cumulated CO2 emission reduction
  • 25 %
    PGE's share in domestic res generation in 2030.

PGE has entered the transition path.

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We are prepared for the implementation of daring projects that will have a direct impact on the competitiveness of the Polish economy and will spark its development.

HENRYK BARANOWSKI - PRESIDENT OF THE MANAGEMENT BOARD

PGE has entered the transition path.

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We are prepared for the implementation of daring projects that will have a direct impact on the competitiveness of the Polish economy and will spark its development.

HENRYK BARANOWSKI - PRESIDENT OF THE MANAGEMENT BOARD
FINANCIAL RESULTS
  • 6,364 PLN m
    EBITDA
  • 25,946 PLN m
    Revenues from sale

Transformation requires investment.

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The success of issue of 10-year bonds on the Polish market confirms that we can count on investors’ trust and long-term cooperation with financial institutions. Together, we are changing the Polish energy sector.

EMIL WOJTOWICZ - VICE PRESIDENT OF THE MANAGEMENT BOARD, CFO

Transformation requires investment.

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The success of issue of 10-year bonds on the Polish market confirms that we can count on investors’ trust and long-term cooperation with financial institutions. Together, we are changing the Polish energy sector.

EMIL WOJTOWICZ - VICE PRESIDENT OF THE MANAGEMENT BOARD, CFO
OPERATING RESULT
  • 65.9 TWh
    Electricity production
  • 49.7 PJ
    volume of heat sales

Our investments are driving force of the Polish economy.

 

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It is also a development impulse for the local market. In the long run, this is a huge support for our country’s energy security and stable jobs for local communities.

RYSZARD WASIŁEK - VICE PRESIDENT OF THE MANAGEMENT BOARD FOR OPERATIONS

Our investments are driving force of the Polish economy.

Watch the video

It is also a development impulse for the local market. In the long run, this is a huge support for our country’s energy security and stable jobs for local communities.

RYSZARD WASIŁEK - VICE PRESIDENT OF THE MANAGEMENT BOARD FOR OPERATIONS
STRATEGY IN ACTION
We analyse the progress in implementing our strategy keeping in mind the vision, i.e. the Group's target position in future.

Most representative indicators:

Leader in generation, actively taking advantage of growth opportunities

Reliable and active utility and service supplier

Poland’s most efficient and flexible energy group

Leader in developing new business models and business lines

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Check out our
BUSINESS MODEL
  • EBITDA
  • Market share
What is PGE?
5
million customers

We are the largest vertically integrated producer and supplier of electricity and the largest producer of district heating in Poland. We operate across the entire value chain: we produce electricity and heat at our power plants and CHP plants, then we sell and deliver it to our clients throughout Poland, including to households, businesses, institutions and local governments.

 

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Our employees
42
thousand employees

Employees are PGE Group’s most important asset. Thanks to their experience and involvement, every day we are building a values-based organisation in which social responsibility is combined with business goals. We are the third biggest employer in Poland. It is a great responsibility towards 42 thousand people, for whom we provide stable and secure workplaces in over 200 locations in Poland

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Leader of energy transformation
INNOVATION AND
SUSTAINABLE DEVELOPMENT
  • Electromobility
  • Energy storage
22
Charging stations

Innovation and development of renewable sources are crucial for the future of our industry by determining the dynamics of transformation. New solutions require cooperation with research institutes and entrepreneurs. Together, we implement ambitious research and business projects.

PAWEŁ ŚLIWA
VICE PRESIDENT OF THE MANAGEMENT BOARD FOR INNOVATIONS
40
MW
total capacity of planned energy stores

Innovation and development of renewable sources are crucial for the future of our industry by determining the dynamics of transformation. New solutions require cooperation with research institutes and entrepreneurs. Together, we implement ambitious research and business projects.

PAWEŁ ŚLIWA
VICE PRESIDENT OF THE MANAGEMENT BOARD FOR INNOVATIONS

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