PGE terminates projects worth PLN 1bn

PGE Polska Grupa Energetyczna has terminated projects and programs planned for the next 10 years that will not bring expected benefits to the group. The total value of these undertakings amounts to PLN 1bn. PGE Group announced a 50-percent reduction of its involvement in sponsorship projects. Analytical work on the effectiveness of a number of projects and tasks being or to be carried out in the PGE Group is still underway. The company will examine these projects’ rate of return and their connection with the core business.