POLISH COAL MARKET MIDWEEK SUMMARY 02/2016

Minister of Energy Krzysztof Tchórzewski hopes that Nowa Kompania Węglowa will be established by April or May, if he will manage to gather all the stakeholders at the table in January. The plan requires recapitalizing at a level of 1.5-2bn PLN.

Good news coming from Ministry of Treasury in regards to the subject of division of competences. Head of MSP Dawid Jackiewicz declared, that in the next few weeks supervision over the energy groups will be moved to Ministry of Energy.

We’ve only mentioned briefly about the rumors of EDF leaving Poland, but now the whole story is jelling. EDF needs cash to invest in nuclear energy in UK, and to do so the company will have to dispose of their coal-fired facilities in Poland (which actually follows their policy: check the 2014 EY report on energy mix). So far EDF did not officially confirmed this information, but the first speculation started on who will take over their power plants and heat plants (i.a. Gdańsk, Kraków, Rybnik and Toruń). Besides domestic Enea and PGE, some say that EDF’s facilities might be taken over by Czech EPH (owner of PG Silesia).

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