CMS has advised PGE Polska Grupa Energetyczna on over PLN 12 billion in financing from Bank Gospodarstwa Krajowego under the National Recovery Plan. Deloitte Legal advised BGK.
PGE Group is the largest power production company in Poland. According to CMS, the funds will be allocated to two of PGE Group’s companies for the development and modernization of its power grids: PGE Dystrybucja and PGE Energetyka Kolejowa. PGE will allocate over PLN 9.5 billion to PGE Dystrybucja to boost its ability to integrate renewable energy sources and modernize its power grid. In addition, PGE Energetyka Kolejowa will receive over PLN 2.5 billion to strengthen security, improve energy quality, and expand the connection capacity for renewable energy sources to the distribution network that supplies the Polish railway and its ecosystem.
The CMS team included Partner Michal Mezykowski, Senior Associate Katarzyna Mazur, and Associate Bartosz Potrykus.
The Deloitte Legal team included Partner Mariusz Banas and Senior Associate Tomasz Pawlowski.
