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Paweł Szczeszek
President of the Management Board of KOGENERACJA S.A.On behalf of the Management Board of Zespół Elektrociepłowni Wrocławskich KOGENERACJA S.A. I hereby present to you the Annual Report of the KOGENERACJA S.A. Capital Group, which shows the financial results and events material for the Company in 2018.
2018 was a time of intensive integration with the PGE Capital Group. In 2018, indirect ownership of PGE Polska Grupa Energetyczna S.A. and direct ownership of PGE Energia Ciepła S.A. increased from 50% to 58.07%. In July 2018, an intra-group Capacity Market Management Agreement between PGE Polska Grupa Energetyczna S.A. and the PGE Capital Group was entered into. This Agreement will allow to take advantage of synergy within the Group, contributing to maximizing the benefits of the capacity market as well as better protection of the interests of respective companies.
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