PLN 2 billion for gas connections
As he calculated, for the years 2022-2023 PSG will spend almost PLN 2 billion on connection activities, and these are the funds that the company has reserved. He added that if additional money is released, PSG will connect more customers to the network, already over the limit of PLN 2 billion.
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– The scale of our activity in the last 3 years has been growing rapidly from year to year. However, the needs of the market are greater than our capabilities. I hope that this situation will change as soon as possible and we will be able to continue the process of joining – said Kowalski. As he reported for comparison, in 2019 PSG built 81.7 thousand. connections, which was seen as a success at the time.
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As Kowalski reminded, PSG is part of the Capital Group PGNiG and so far it has been financed from the funds available within the Group. PSG finances some of its investments from the tariff granted by the Energy Regulatory Office, but most of it finances from the profit generated and the support provided by PGNiG SA. – The investment activity is related to both the gasification of new towns and the connection of new customers, as well as the maintenance and modernization of over 200 thousand. km of the gas network managed by PSG – he stressed.
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– So far, the PGNiG Group has been making considerable efforts to meet the market expectations, and thus also PSG, by financing our connection activities. In recent years, it was such that PSG could leave the profit earned in the company and not transfer it to the Group in the form of a dividend, and additionally, the Capital Group granted loans, from which we financed, among others, connection activity – explained Jakub Kowalski.
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Gas prices complicate matters
As he recalled, it should be obvious to everyone that the situation of financing investments in the PGNiG Group in the fall and winter “became complicated due to the significant increase in prices gas on European markets. “
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– And this made it impossible for the Capital Group to provide PSG with further supportdespite such prior plans – added Kowalski. He also noted that the company was in talks with the National Fund for Environmental Protection and Water Management regarding a possible greater involvement of the Fund in financing the construction of gas infrastructure, which is, inter alia, an important element of the Clean Air program. – However, this is not the moment when we can say that the solutions have been worked out – he stressed.
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Kowalski also reminded that the connection activity is only a part of the entire activity of PSG, in addition, the company is developing and modernizing the network and cannot resign from these projects. The company’s financial situation is stable and safe, there are no problems that would jeopardize the day-to-day operation of PSG, emphasized Jakub Kowalski.
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