Polish energy firms to support Ukraine's reconstruction

Gdańsk, Poland – During the Ukraine Recovery Conference, leading Polish energy companies signed a declaration of intent to contribute to the reconstruction of Ukraine's energy infrastructure. The signing ceremony, attended by Polish officials including Minister of State Assets Wojciech Balczun, took place in Gdańsk.

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The conference is proceeding according to plan, and perhaps even more spectacularly than we expected. Memoranda, agreements, and letters of intent are being signed. There is a very large representation of economic circles here, not only related to the State Treasury but also private entrepreneurs. There is also a very large representation of partners from Ukraine.

Representatives from Polska Grupa Energetyczna (PGE), Orlen, Enea, and Tauron committed to exploring cooperation on projects to rebuild and modernize Ukraine's energy sector. Minister Balczun highlighted the significant interest shown at the conference, emphasizing that the event is proceeding even more spectacularly than anticipated, with numerous memoranda, agreements, and letters of intent being signed by both Polish and Ukrainian economic entities.

Balczun stressed the importance of looking toward the future and pursuing joint projects, describing the reconstruction of Ukraine as potentially the largest post-World War II undertaking, with estimated costs exceeding $500 billion according to the World Bank. He envisioned not just rebuilding a war-torn nation but constructing a modern Ukraine aligned with European standards, asserting that Polish companies must be involved.

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We must always think about what lies ahead, what we can achieve. We are talking about the reconstruction of Ukraine, about the largest project since World War II.

This initiative, Balczun added, aligns with the Ministry of State Assets' strategy for local content and the internationalization of Polish business. It aims to foster a new ecosystem supporting Polish firms in large investment projects both domestically and abroad. The effort is seen as crucial for integrating systems and leveraging Poland's potential as a logistical and energy hub to facilitate Ukraine's massive rebuilding project.

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I cannot imagine Polish companies not taking part in this. Today's initiative, joining forces of energy companies, the largest State Treasury companies, to carry out projects in relations with Ukraine, is the primary proof of this.