As the heating season starts, SPEC plans hot investments

"We haven't finished works on our strategy, but the company's owner gave his initial agreement to expand our business outside Warsaw," said SPEC's president Paweł Skowroński. The enterprise wants to participate in tenders for majority stakes in power plants in Legnica and Łańcut, and will apply for a 37% stake in the Opole Heat Company (ECO), currently controlled by the city of Opole. "The largest Polish companies have already been privatized, but there are still many concerns to acquire in central and eastern Poland," said Skowroński. Apart from that, SPEC is also planning a large modernization project in Warsaw, which may consume another zł.100 million. The company hopes to get subsidies from EU to finance the investment. (Puls Biznesu, p. 10) A.F.