In July 2021 a process of transfer of district heating assets from PGE GiEK (CHP plant in Szczecin, CHP plant Pomorzany, district heating grid in Gryfino) to the structures of PGE Energia Ciepła was completed.
Also in 2021, PGE S.A. sold to the State Treasury its whole stake (70%) in PGE EJ 1, company dealing with the project to build a nuclear power plant in Poland.
Additionally, new segment – Circular Economy – has been created since January 2021.
The Group’s current structure was shaped in 2010 as a result of the contribution by the State Treasury of 85% of shares in PGE Energia and PGE Górnictwo i Energetyka to PGE S.A. in exchange for new-issue shares in the Company’s increased share capital. Given its size, internal organisational changes and acquisitions, PGE Group is in a continuous process of simplifying structures and integration.
In the governmental plan of transformation of the power sector in Poland announced in May 2021, a concept was presented regarding spin-off from particular power companies’ capital groups of assets related to generation of electricity in conventional coal-fired units. The assumptions include, inter alia, integration of coal assets within one entity, i.e. PGE Górnictwo i Energetyka Konwencjonalna S.A. – currently a PGE’s subsidiary, which will ultimately operate as the National Energy Security Agency (“NABE”). It means, that the next periods the Group’s structure will be subject to further changes.