Polish Briefing 1 August, 2022 7:30 am   

Polish Briefing: PGNiG data confirm it got off scot-free | Another Polish company involved in construction of NPPs abroad


What goes on in Poland on the 1st of August.

PGNiG data confirm the company got off scot-free

PGNiG’s estimated financial data for the second quarter and the first half of 2022 show that the company avoided bankruptcy thanks to loans that already totaled PLN 15,7 billion.
PGNiG reports that its debt from loans, bonds and leasing at the end of the second quarter of 2022 reached PLN 15,7bn. This is an increase of PLN 6,5 billion from the end of the first quarter of 2022.

– The level of the PGNiG Group’s indebtedness is caused by the higher demand for working capital, which is a consequence of gas purchases at significantly higher prices and the need to replenish deposits securing stock exchange and financial transactions related to derivative instruments – the company explains.

Another Polish company is involved in the construction of nuclear power plants abroad

ZRE Katowice is another Polish company that has carried out work on the global nuclear energy market. It is a company with entirely Polish capital and an established market position of almost 70 years in the segment of implementation of energy and industrial projects. The company currently employs over 1,400 people and is proud of implementing extremely complex projects for commercial power engineering, industrial petrochemicals, environmental protection installations and the renewable energy sector, in all variants (renovation, maintenance and modernization works, construction of new installations and units, prefabrication of pipelines, DT and NDT tests, design work and production of specific steel products from own centers).