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PGE Hopes for Coal Asset Spin-Off to Be Applied in 2025

POWER

PGE hopes that the plan of separating its coal assets into a different state-owned entity will be completed in 3Q24, with the strategy being implemented in 2025, PGE president Dariuz Marzec said, cited by ISB News.

  • “The conventional part of the assets is not able to function based on market principles, which is why we are working intensively on the concept of separating coal assets,” Marzec said.
  • The strategy is a part of a wider plan, which also include Tauron, Enea and Energa, which will also see their coal units transferred to the same state-owned firm – 70 coal units in total.
  • The firms will instead focus on developing renewables to reduce the coal share in its energy mix below 56% from about %60 now.
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