Company Profile

The information below does not constitute any invitation or offer to sell, invest in or trade, nor does it constitute any invitation to place any offer to purchase, invest in or trade the securities. The information presented herein is up to date as on the date of publication. For more information, please contact Investor Relations Centre, tel: (+48 22) 695 90 01-02, e-mail: investor@msp.gov.pl.

Przedsiębiorstwo Energetyki Cieplnej S.A. seated in Jastrzębie Zdrój - contribution to JSW S.A.

Description of activity

For over 35 years Przedsiębiorstwo Energetyki Cieplnej S.A. in Jastrzebie Zdroj has been involved in heat generation, transmission, distribution and sale. Its sales volume stands at 3 million GJ. The company covers the municipalities of Silesian voivodeship.
PEC produces heat in 18 own sources with a total production capacity of 256.2 MW and purchases it from 12 external sources with the power of 273.4 MW. The company distributes heat using heat distribution network with a total length of 290 km. Heat is delivered to customers through 1,565 heat transfer substations. For its production the company uses approx. 72.3 thousand Mg of solid fuel, approx. 685 thousand cubic metres of natural gas and approx. 34 tonnes of fuel oil.
As part of its ancillary activities, the company is also involved in the construction of heat distribution, water, ventilation and gas networks, as well as carries out specialized construction works, leases real estates and provides road transport services.

Contact information

Province : śląskie

Przedsiębiorstwo Energetyki Cieplnej S.A.
ul. Wrocławska 2
44-335 Jastrzębie Zdrój
ph.: (+48 32) 475 61 00
ph./fax: (+48 32) 471 52 82
Contacts:
Andrzej Kucharski – Member of the Management Board, Director for Economic Affairs
tel.: (+48 32) 475 61 04
Zbigniew Barszczak – Manager of Department of Personnel and Legal Affairs
tel.: (+48 32) 475 62 05
www.pecjastrzebie.com

Ministry of Treasury
ul. Krucza 36 / Wspólna 6
00-522 Warszawa
Department of Privatisation
ph.: (+48 22) 695 87 22, 695 87 05
fax: (+48 22) 695 88 18
Investor Relations Centre
ph.: (+48 22) 695 90 01
ph.: (+48 22) 695 90 02
fax: (+48 22) 629 98 38
investor@msp.gov.pl
www.msp.gov.pl

foto

Branch

Energy sector

Performance in thousand PLN


 
2008
2009
2010
Sales revenue
120 651
144 575
221 816.7
EBITDA
14 183
15 802
24 910.9
Net result
641
2 584
7 813.5

Planned privatisation

Under the agreement signed on 29 September 2011 the Minister of Treasury transferred the ownership of 85% of shares of Spółka Przedsiębiorstwo Energetyki Cieplnej S.A. seated in Jastrzębie – Zdrój to Spółka Energetyczna „Jastrzębie” S.A. seated in Jastrzębie – Zdrój. The value of transaction amounted to PLN 144.500.000,00.

History of privatisation process:
Signing an agreement: 29 September 2011
Signing a draft agreement: 30 August 2011
Allowing to due diligence: 22 June 2011
Offers: 10 June 2011
Invitation to negotiations: 10 May 2011

Employment

607 employees

Initial capital

PLN 85 000 000.00

President of the Management Board

Albert Rduch

Privatisation advisor

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Publication date : 24.12.2010
Modification date : 21.12.2011
Marzena Feldy