Locked content KGHM CEO dismissed due to losses on foreign assets – Tchórzewski

The CEO of WSE-listed, state-run copper and silver giant KGHM, Radosław Domagalski-Łabędzki was dismissed, as the company was generating losses on its foreign assets, Energy Minister Krzysztof Tchórzewski said. “The supervisory board expected changes to KGHM’s operations abroad. The company is...

Locked content Tchórzewski: coal share in energy mix to drop to 50% by 2050

The share of coal in Poland’s energy mix should drop to 50 percent by 2050, according to the ministry of energy estimates. In 2015, it stood at 79.1 percent. “We assume that in 2031 this share will be at 60 percent and by 2050 at 50 percent,” Energy Minister Krzysztof Tchórzewski said. He added that...

Locked content Tchórzewski: the nuclear plant will be built

Energy Minister Krzysztof Tchórzewski said that he is confident that Poland will build its first nuclear power plant, and is close to picking the investment’s financing model. “I’m 90 percent certain that its construction will be launched during my tenure,” he said. Poland needs the plant to improve...

Locked content Tchórzewski: power block in Ostrołęka will be built

According to the Minister of Energy Krzysztof Tchórzewski, state-run power utilities Enea and Energa will go through with the construction of the 1,000 MW power block in Ostrołęka despite bids for its construction exceeding the budget set by utilities. “I don’t think so,” Tchórzewski said when...

Locked content PGG not to meet 2017 production target – Tchórzewski

Poland’s largest coal miner, state-owned Polska Grupa Górnicza will likely fail to meet its production target for this year set at 32 million metric tons. However, it should exceed the 30 million tons mark. “Daily output is growing, I think the output will exceed 30 mln tons, but hard to say h...