PGE sees spin-off of coal-fired power plants boosting funding options
2020-05-28 09:09:55 [Print]
Polish energy firm PGE's mooted spin-off of its coal-fired power plants could help it obtain funding for new investments, as banks are wary of financing fossil fuel-related industries, its chief executive said on Wednesday.
"The PGE coal power plant portfolio could be transferred to a separate company or other entity fully controlled by the state, so as to enable the energy group to obtain cheaper financing for development and investment," Wojciech Dabrowski said during a press conference.
"The PGE coal power plant portfolio could be transferred to a separate company or other entity fully controlled by the state, so as to enable the energy group to obtain cheaper financing for development and investment," Wojciech Dabrowski said during a press conference.
