Locked content PGE and ZA Puławy scrap power plant project

Fertilizer producer Zakłady Azotowe Puławy (ZA Puławy) from the Grupa Azoty chemical holding and PGE GiEK, a subsidiary of power utility PGE have withdrawn from a mutual plan to build a combined heat and powwr plant in Puławy, the chemical firm said in a recent statement. The companies have decided ...

Poland to produce shale gas in 5-10 years – expert

Paweł Poprawa, energy expert from the Energy Studies Institute, said in an interview with the Polish Press Agency that because of the slow progress in shale gas exploration in the country, Poland still has to wait 5-10 years to produce its own shale gas.

Locked content Darłowo wind farms get PLN 256 mln from EBRD

The European Bank for Reconstruction and Development (EBRD) said on Friday it would provide PLN 256 million in support for the final development phase of two wind farms in Darłowo in northern Poland. The Porzecze and Gorzyca wind farms will have a total capacity of up to 74 MW. They are part of a cl...

Locked content EBRD provides financing for Grudziądz wind farm

The European Bank for Reconstruction and Development has announced it would provide financing worth PLN 99.75 million for the construction and operations of a wind farm in Grudziądz, northern Poland. The wind farm, operated by renewable energy firm Green Bear, will have 13 turbines and a total capac...

Locked content PGE get PLN 1 bln loan from BGK

Poland’s largest utility PGE has obtained a PLN 1 billion loan from Bank Gospodarstwa Krajowego (BGK), the companies said on Thursday. The financing comes from the Polish Investment program. The loan expires on December 31, 2027. In 2014-2020, PGE is carrying out an investment program worth some PLN...

Locked content Renewables law to be in force in February – Piechociński

The new law of renewable energy may be in force in February, Deputy Prime Minister and Economy Minister Janusz Piechociński told Polish Radio. Piechociński said that his ministry would speed up work on the regulation. In his opinion, Poland could still avoid fines for not being in compliance in EU l...

Locked content WSE to develop in power and innovative firms segments

The Warsaw Stock Exchange would like to become a major player on the European energy trade market by 2020, its CEO Paweł Tamborski was quoted as saying by ISBnews. “While the financial market is historically settled, Warsaw can fight for a position in the energy sector,” Tamborski said during the Wa...

Locked content Power sector consolidation an option – Karpiński

The consolidation of the Polish energy sector is desired from the point of view of the country’s industry, Treasury Minister Włodzimierz Karpiński told ISBnews in an interview. “The utilities consolidation issue is very interesting, because compared to Europe the biggest Polish firms are very small,...

Locked content Polish Investments to support Turów power unit construction

The construction of PGE’s 450 MW power generation unit in Turów will be co-financed from the Polish Investments program, Treasury Minister Włodzimierz Karpiński was quoted as saying by ISBnews. “Soon, Poland’s largest energy group PGE will sign an agreement with Bank Gospodarstwa Krajowego on the PL...

Locked content EBRD may grant loan to Polenergia

The European Bank for Reconstruction and Development is considering a €119 million loan to Polish power utility Polenergia for wind farm development, according to a release quoted by Reuters. The wind energy facilities in question are due to have a total capacity of 206 MW. In November this year, th...