About PBG

PBG S.A. provides specialist construction and engineering services for infrastructure projects in the oil and gas, and power sectors in Poland. Segments The company operates through Gas, Oil and Fuels; Power Construction; and Other segments. Segment Operations Group Companies in the Natural Gas, Crude Oil and Fuels segment PBG S.A. w upadlosci ukladowej (in company voluntary arrangement) The company provides specialist contracting services for natural gas, crude oil, and fuel facilities. It acts as a general contractor or sub-contractor with respect to engineering design work, construction, repairs, operation, and maintenance in the field of production of natural gas and crude oil, transmission of natural gas and crude oil, storage of natural gas, fuels, liquefied natural gas (LNG), LPG, C5+, and CNG. In the fuels segment, it provides general contracting services relating to projects involving construction of new facilities and upgrading of existing fuel terminals and their auxiliary infrastructure. PBG oil and gas sp. z o. o. The company provides specialist contracting services for natural gas, crude oil, and fuel facilities. Al Watanyiah Oil and Gas LLC The company provides specialist contracting services for natural gas, crude oil, and fuel facilities. Al Watanyiah Oil and Gas LLC operates in Oman. Sales The company renders its services in the Natural Gas and Crude Oil segment primarily in Poland. The largest customer in this segment is Polskie LNG, a subsidiary of Gaz-System. Power Construction segment RAFAKO S.A. The company offers general contractor services for the construction of fossil fuel-fired power generating units, specializing in boiler islands comprising a steam generator, flue gas treatment plant, and waste incineration and biomass combustion plant. It also offers design and construction of an array of steam generators fired with lignite, hard coal, oil, gas, or a combination of these fuels, including conventional, supercritical, fluidised bed, and stoker fired generators. In addition, the company manufactures waste incinerators, biomass-fired generators, and heat recovery boilers. Further, it offers various maintenance services – from diagnostics to repairs, overhauls, supply of replacement parts, and upgrades of steam generators and accompanying equipment. The company designs, manufactures and assembles turn-key environmental protection solutions, including flue gas desulphurisation, nitrogen oxide removal systems and fly-ash removal equipment. RAFAKO ENGINEERING Sp. z o. o. The company engages in the construction and process design, urban planning; power equipment maintenance and assembly; and natural gas and crude oil area. RAFAKO ENGINEERING SOLUTION doo The company engages in the process design, construction, industry, and environmental protection consultancy and supervision. RAFAKO Hungary Kft. The company engages in the equipment assembly in the power and chemical industry. ENERGOTECHNIKA ENGINEERING Sp. z o.o. The company engages in engineering activities and related technical consultancy. E001RK Sp. z o.o. E001RK Sp. z o.o.is an SPV responsible for the construction of generating units in Opole. E003B7 Sp. z o.o. E003B7 Sp. z o.o. is an SPV responsible for the construction of a generating unit in Jaworzno. Sales The company renders its services in the Power Construction segment primarily in Poland. Its primary customers are private entities, as well as businesses co-owned by the State treasury and responsible for the implementation of Poland’s energy security strategy. Other Areas of Operation PBG Dom Sp. z o.o. Property Developer: The company is responsible for optimizing real property resources (including buildings, structures and land). It also owns land for investment projects. PBG ERIGO Sp. z o.o. The company provides management of property development projects, including production planning and preparation, project execution, and sales. PBG Erigo provides its services principally to the company’s property development subsidiaries. Górecka Projekt Sp. z o.o. The company executed the turn-key construction of the Skalar Office Center at the intersection of Hetmanska and Górecka streets in Poznan, together with auxiliary amenities, including car parks. Górecka Projekt manages the Skalar Office Center, as well as the car parks forming part of the project. In particular, the company is responsible for commercialisation of the office space. PBG DOM INVEST X Sp. z o.o. Invest I S.K.A. The company’s business consists in buying and selling residential property and leasing its residential units under long- and short-term rental contracts (apartments in Swinoujscie). PBG DOM INVEST X Sp. z o.o. Zlotowska 51 S.K.A. The company carried out a residential development project in Zlotowska Street in Poznan. PBG ERIGO Projekt Sp. z o.o. QUADRO House S.K.A. The company carried out a residential development project in Smardzewska Street in Poznan. ECORIA Sp. z o.o. The company is a property developer in Poznan. It commercializes its completed projects in Karpia Street. PBG ERIGO Projekt Sp. z o.o. ECORIA II S.K.A. The company is a property developer. It prepares the execution of a residential project on land owned by the company, located in Karpia Street in Poznan. CITY DEVELOPMENT Sp. z o.o. The company operated as a property developer in Gdansk. PBG ERIGO PROJEKT Sp. z o.o. Strzeszyn S.K.A. The company is a property developer. It holds land for residential property development, located in the Strzeszyn district of Poznan. PBG ERIGO Projekt Sp. z o.o. Platan Hotel S.K.A. The company constructed a three-star hotel in Swinoujscie. It provides hospitality services under a franchise agreement with Hilton hotels&resorts. PBG Erigo Projekt Sp. z o.o. Malta Hotel S.K.A. The company is a property developer. PBG Erigo Projekt Sp. z o.o. Malta Hotel S.K.A owns land for investment projects, located by the Malta Lake in Poznan. PBG DOM INVEST X Sp. z o.o. The company is a general partner in two property development special purpose vehicles (partnerships limited by shares). PBG ERIGO PROJEKT Sp. z o.o. The company is a general partner in five property development special purpose vehicles (partnerships limited by shares). PBG DOM Invest Limited The company was established as part of the tax optimisation strategy of the Group’s property development subsidiaries. ERIGO IV Sp. z o.o. The company is a general partner in ERIGO IV Sp.z.o.o. s.k.a. ERIGO IV Sp.z.o.o. s.k.a. The company is a special purpose vehicle for future development projects. ERIGO V Sp. z o.o. The company is a special purpose vehicle for future development projects. Kujawska Nova Sp. z o.o. The company is a special purpose vehicle, which acted as general partner for a company responsible for a commercial development project in Bydgoszcz. It is a special purpose vehicle for future development projects. PGL-DOM Sp. z o.o. The company engages in the management of real estate. BROKAM Sp. z o.o. The company owns land with aggregate deposits. BATHINEX Sp. z o.o. The company owns land with deposits of granodiorite, fine-crystalline acid intrusive igneous rock. PBG Operator Sp. z o.o. The company is a special purpose vehicle. PBG UKRAINA Publiczna Spólka Akcyjna The company engages in researching the Ukrainian market and initiating contacts with providers of construction and related services. Wschodni Invest Sp. z o.o. The company is an SPV, which owns and manages Energopol-Ukraina, a property developer. Energopol-Ukraina The company holds legal title to a 63,000 m2 land property in Kiev, to be used for a 250,000 m2 development project. It provides a range of property development-related services, including general construction, production and design works. It engages in trading activities and upgrades/modernisation of industrial facilities. PBG AVATIA Sp. z o.o. The company provides IT services, including IT consulting, implementation of IT systems, data processing and services relating to IT and computer-based technologies. Sales The industrial and residential construction services are provided to customers throughout Poland. Business The company acts as a general contractor or sub-contractor that offers engineering design work, construction, repair, operation, and maintenance services in the areas of production of natural gas and crude oil; transmission of natural gas and crude oil; and storage of natural gas, fuels, LNG, LPG, C5+, and CNG. The company also engages in the installations for crude oil and natural gas production, and liquefying natural gas, as well as for LNG storage and regasification; operation of crude oil tanks and fuel terminals; and assembly, modernization, and repair of power equipment and industrial units. In addition, the company is involved in the reproduction of recorded media; quarrying of ornamental and building stone, limestone, gypsum, chalk, and slate; urban planning; development of building projects; construction of roads and highways, railways and subways, bridges and tunnels, and fuel-fired power generating units; other specialized construction activities; assembly and installation of prefabricated structures; assembly of metal structures; organization of property construction projects; and generation and transmission of, and trading in electricity activities. Further, the company buys, sells, rents, and operates owned or leased real property; operates hotels and similar accommodation; manufactures steam generators, as well as environmental protection equipment; sells merchandise and materials; and provides other financial intermediation and credit granting, and engineering services, as well as technical, scientific, and business consultancy services. Customers The company’s customers include Tauron Wytwarzanie S.A. History The company was founded in 1994. It was incorporated in 2004.