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PKE needs good assets

2004.10.10

Jacek Socha, Minister of Treasury participated during the first day of the debate and supported the idea of vertical consolidation of the sector. He announced that the sector program correction shall be introduced in two months. The government representative suggested that the interested parties should declare how they see the process of merger between producers and distributors.


On the second day of the conference, the participants’ attention was brought to the speech of Dariusz Marzec, Under-Secretary of State in the Ministry of Treasury. He stated that the correction of the programme for the sector will include individual privatisation of Silesian combined heat and power plants. In consequence the idea of incorporating these plants into PKEhas been changed. This decision would not strengthen the group. PKE needs good assets– said minister.


The Ministry is planning further privatisation of the energy sector companies. Warsaw Stock Exchange will be a preferred way of implementing this process  Neither BOT nor PKE have sufficient structure organization to enter the Stock Exchange. Therefore they have to be strengthened –added Dariusz Marzec.


Deputy Minister announced that the above mentioned energy sector companies are strategic to Ministry of Treasury.


The conference ended with a debate about consolidation and restructuring of the energy sector in Poland. Members of PKE, BOT, PSE, Tractabella, Energy Stock Market and distribution companies participated in the debate.  Our company was represented by Stanisław Tokarski, Strategy and Management Director who presented a paper called Functioning of the Energy Sector in the light of opening of the energy market and the need for Accession Treaty and the EU legislation application.