1 / 14

Polish Energy Group 2 nd Energy Forum Prague 5-6 November 2007

Polish Energy Group 2 nd Energy Forum Prague 5-6 November 2007. PGE - Polish Energy Group. Dolna Odra. PSE without transmission assets. 8 distribution companies. Turów. Bełchatów. BOT. Opole. Integrator. generation. distribution. PGE mission.

harlan
Download Presentation

Polish Energy Group 2 nd Energy Forum Prague 5-6 November 2007

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Polish Energy Group 2ndEnergy Forum Prague 5-6 November 2007

  2. PGE - Polish Energy Group Dolna Odra PSE without transmission assets 8 distribution companies Turów Bełchatów BOT Opole Integrator generation distribution

  3. PGE mission PGE mission is to create value for shareholdersby fulfilling energy needs of its customers …customer orientation and satisfaction… …achieve energy security Value creation … PGE vision is to be a leading energy company in the Central-Eastern Europe

  4. PGE strategic goals PGE mission is to create value for shareholdersby fulfilling energy needs of its customers Domestic and foreign expansion Competitiveness and regulatory environment improvement Efficiency increase Group integration • New conventional and renewable capacity • Distribution network and cross-border interconnections • Domestic and foreign acquisitions • New organisation and management structure: goals coherence, coordination, specialization • Financing centralization • Optimal capital structure • Synergies realization • Cost reduction along the value chainand resulting from individual improvements • Investment cootdination and optimization • Active and innovative market player • Contribution to market development - wholsale and retail • Promotion of objective regulations Focus on human capital

  5. Value creation PGE strategic goal is to increase the Group’s value threefold before end of 2012 comparing to stand alone valuation of the companies before consolidation. Average annual growth of the leading energy companies (2012) 300% 175% Achieve business efficiency similar to the average level of the leading energy companies (2007) 100% Time 2012 2008

  6. Main focus area for PGE PGE is going to act as fully integrated energy company present in each segment of value chain that is: mining, generation, wholesale, retail sales and distribution. Countries of strategic importance for PGE • Main focus area for PGE is broadly understood energy sector, including electricity, heat, gas and fuels. PGE is going to focus its operations on the Central Europe region. • Engagement in the non-core business is acceptable if and only if it brings synergies and strengthens the core business.

  7. Total 20 GW + 1 500 Nuclear power (second unit) + 400 ZEDO, CCGT +  1500 Nuclear power(first unit) + 500 Turów (11) + 2 x 500 Opole (5,6) + 833 Bełchatów (13) + 400 ZEDO, CCGT Total 12 GW - 2 x 200 ZEDO (3,4) - 3 x 200 Turów (8,10,9) - 2 x 371 Bełchatów (1,2) 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Domestic and foreign expansion – Centrally dispatched generation Taking into account forecasted need of the new capacity after 2012 PGE’s strategic target is to build additional 7-10 GW before end of 2025 what will result in energy production of 70-90 TWh annually. Investment plans in centrally dispatched generation, MW Existing plans New base load capacity New peak-load capacity Capacity closing • Planned investments in centrally dispatched generation amount to 15-20 PLN bn before end of 2012. • Investment accepted for realization will be selected basing on rigorous profitability appraisal.

  8. Domestic expansion - renewables First estimates of PGE’s tentative investment in renewables should result in increase of PGE market share from current 2% to 30-45% before end of 2012. PGE renewable energy target (TWh) First estimates of PGE’s tentative investment renewable energy projects 4 -8 bn PLNc.a. 20 - 30 projects 2012 level 30-45% = 4-6 TWh Current level 2% = 0,6 TWh

  9. Domestic and foreign expansion - new investments Total investment outlays of PGE including organic growth and acquisitions amount to 30-40 PLN bn before end of 2012. 30-40 PLN bn TOTAL Other investments Identified investment potential 5-10 20-25 Existing investment plans

  10. Plannedorganisation structure of PGE PGE will operate as fully integrated group with strong corporate centre and 4 business lines. PGE Mining and generation (BOT GiE) Trading (PSE Electra) Sales Distribution Business units management companies ZEŁT OSD ZEŁT KWBB Operating units KWBT ŁZE OSD ŁZE ELO ZEB OSD ZEB ELB ELT RZE OSD RZE ZEDO EC Gorzów ZEWT OSD ZEWT EC Lublin ZEORK OSD ZEORK EC Rzeszów ZEC Bydgoszcz LUBZEL OSD LUBZEL ESP Other generation companies OSD ZKE ZKE

  11. Consumption of Electricity Source: UNDP „Human Development Report 2005”

  12. Fuel Mix of Electricity Generation in Poland 58.7% 35.0% 1.7% 2.0% 2.2% 0.3% 0.1% Hard coal power stations and CHPs Lignite power stations Gas power stations Hydro power stations (included pumped-storage) Wind power stations Biogas and biomass power stations Other fuels

  13. Comparison of Generation Costs for Various Technologies Source: Energoprojekt-Katowice

  14. Thank you for your attention 14

More Related