• CLEAN AND ENVIRONMENTALLY FRIENDLY Natural gas is the cleanest and most environmentally friendly of all fossil fuels...Read more

  • WELL DRILLING PADThe size of a typical drilling pad is about 1 hectare. To compare, the floorage of an average shopping centre is 4.5 hectares... Read more

  • SECURING OF WELL DRILLING PADA drilling pad as well as the adjacent pool are reinforced and tightened with concrete slabs. Protective foil is additionally laid where necessary.

  • WORK NOISEWell drilling does not produce onerous noise. The intensity of sounds generated in connection with drilling work is lower than that generated by street traffic.Read more

  • SAFETY OF FRACTURING PROCESSIn Poland, exploration wells in shale rock are drilled to depths of over 2.5 km.Read more

  • COMPOSITION OF FRACTURING FLUIDFracturing fluid is 95% water. Read more

  • NO MAJOR LANDSCAPE INTERFERENCEIf gas production is launched, the land surrounding the isolated, secured zone, is subject to a reclamation treatment. Read more

Generation Segment

PGNiG Termika

PGNiG Termika SA is involved in the generation, distribution and sale of heat and electricity. The company also serves as the PGNiG Group’s competence centre for heat and electricity generation and implementation of heat and power projects. The company’s main revenue sources are sales of heat, electricity, system services, and certificates of energy origin. The installed capacity of the company’s generating assets is 4.8 GW of achieved thermal power and 1 GW of achieved electrical power, which satisfies approximately 75% of the heat demand on the Warsaw metropolitan market. PGNiG Termika is also a producer and supplier of heat and the owner of heat sources and heat networks in Pruszków, Komorów and Piastów.

In 2012, PGNiG Termika generated revenue of PLN 1,957 m, chiefly from sales of electricity and heat to customers from outside the PGNiG Group. Sale of heat and electricity accounted for 50% and 41% of the company’s total revenue, respectively. In 2012, the company sold 3,719.4 GWh of electricity and 40,213.9 TJ of heat. Other revenue was derived mostly from sales of certificates of origin for electricity.

PGNiG Termika sold heat mainly to Dalkia Warszawa SA (formerly Stołeczne Przedsiębiorstwo Energetyki Cieplnej SA), which purchased 97% of the heat generated by the company. In 2012, Dalkia Warszawa contracted 3.6 GW of PGNiG Termika’s heat generation capacity. The balance of heat produced was sold to local customers, mainly in Pruszków and the surrounding areas.

PGNiG Termika sold electricity chiefly to Vattenfall Energy Trading Sp. z o.o. and PGNiG Energia SA, whose aggregate share in the company’s sales of electricity was 93% in 2012. The company also sold electricity to smaller customers.

In 2012, property rights attached to certificates of origin for electricity produced by cogeneration (red certificates) and generated from renewable sources (green certificates) were sold on spot markets or under forward contracts. Sales of certificates of origin for electricity were executed chiefly through Polska Grupa Energetyczna SA, ENEA SA, TAURON Polska Energia SA, PKP Energetyka SA, ENERGA SA and PGNiG Energia SA, as well as on the Polish Power Exchange.

As part of the full integration of the Group’s power competences at PGNiG Termika, in November 2012 PGNiG Termika took over from PGNiG Energia SA operational control of the CCGT project in Stalowa Wola (449 MW of electrical power and 240 MW of thermal power). In 2012, the general contractor for the Stalowa Wola unit was selected, the project execution agreement was signed and the credit facility agreements securing its financing were executed. The project is scheduled for completion in 2015.

PGNiG Termika  Unit 2012 2011
Revenue PLN m 1,957  
Net profit PLN m -115  
Equity PLN m 652  
Total assets PLN m 4,345  
Workforce as at December 31 persons 1,069  
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