Energa won’t be merged with PGE energy group

opublikowano: 24-10-2007, 11:09

Warsaw (Puls Biznesu) – The leaving government will not conduct a hasty consolidation of the power sector. Energa will be an independent company.


Law and Justice (PiS), the ruling party which will soon give power to Citizens’ Platform, won’t make decision to consolidate distribution group Energa with Polska Grupa Energetyczna (PGE), group of power plants.

“I won’t recommend this solution to the Minister of the Treasury. The market is not ready for this”, Michal Krupinski, deputy minister of the treasury said.

The consolidation was considered to secure the energy companies from ‘bad privatization’ of Energa. Several years ago, Jan Kulczyk wanted to buy the group and merge it with German E.ON and Elektrim.


The management of Energa fought for independence. PGE management on the other hand will miss the distributor. PGE consists of the weakest distributors while it has the biggest share of the country’s energy production.


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Podpis: MG


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