Companies PGE Polska Grupa Energetyczna SA FollowWARSAW, Sept 4 (Reuters) - Polish utility PGE (PGE.WA) said on Monday it was reversing a decision to bring forward its carbon-neutrality target to 2040 from 2050, changing course less than a week after the announcement of a strategy that caused political fallout.
PGE is one of a few state-controlled energy firms that is seeking to move away from coal-fired plants in a coordinated overhaul of the country's energy sector.
"The Management Board of PGE S.A. repealed the resolution adopting the update of the PGE Group Strategy," PGE said in a statement.
"The decision is due to the need to complete the process of establishing the National Energy Security Agency (NABE)."
Reporting by Alan Charlish and Marek Strzelecki; Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.
Persons:
PGE's, Jacek Sasin, Alan Charlish, Marek Strzelecki, Alexander Smith
Organizations:
PGE Polska Grupa, WARSAW, PGE, Poland, State, PGE S.A, National Energy Security Agency, Thomson
Locations:
PGE, Poland, Warsaw