Busy year in Polish district heating plants is expected, as EDF’s strategy of disposing their coal-fired facilities are becoming less blur. Turns out that there is a queue of Polish and foreign companies eager to get a piece of the cake baked by the French giant.
Holding monopoly in France and being third largest power producer in Poland, EDF decided to review their low emission policy and focus more on their core business: nuclear energy. Their projects in UK and plans of upgrading ageing facilities in France, as well as necessity of participation in financing Cigeo geological disposal facility project (radioactive waste) – all that requires large amounts of cash. Company’s current financial situation does not make them feel optimistic: for various reasons their profits from Polish activities melted significantly last year.
In Poland EDF owns Rybnik power plant and many district heating plants in: Gdańsk&Gdynia, Kraków, Wrocław and Zielona Góra, Tarnobrzeg. Two days ago we’ve mentioned potential buyers. Apparently, the entity most interested in acquiring EDF’s shares in the facilities is Czech EPH (owner of PG Silesia mine), which seems to have access to tremendous amounts of money thanks to their connection with Chinese CEFC group. Recently EPH already bought E.ON’s coal and gas-fired facilities in Italy, RWE’s Lynemouth power plant (coal and biomass) in UK, stake in Slovakia’s Slovenske Elektrarne from Enel and another 3 power plants in Hungary from… EDF.
Other foreign companies that seek investments in Polish facilities are French Veolia and Finnish Fortum. In regards to EC Wybrzeże (heat&power plants in Gdańsk and Gdynia) there were also some rumors of Russian companies interested in taking it over. Taking into consideration current political atmosphere, the whole fuss with EDF’s closeout might also just end with some pressure on domestic energy producers to take part in the auctions. For now, the most involved is PGNiG Termika (heat plants in Warsaw), which plans also to take over LPEC – heat&power plant in Lublin. Soon the others might also show their urge to acquire one or more of EDF’s facilities: Energa (in their hometown – Gdańsk) or Enea (to secure the place for coal consumption from LW Bogdanka, which just lost contract for coal deliveries with EDF Paliwa).
ADAM BOCHEŃSKI, CEO OF EDF PALIWA IS A CONFIRMED SPEAKER AT 4TH COALTRANS POLAND (10-11 MAY, KRAKÓW).