Energa says price and investments will carry the day

This is despite the strong competition Energa faces in the form of El Połaniec, owned by Belgian Electrabel, and German PCC. The company believes its offer stands a good chance of being accepted because of both the price it has quoted and its investment plans. "We declared investments of zł.400 million over the next eight years. We would like to purchase shares in two installments, beginning with 51% stake," said Bartelik. The sums offered by the bidders remain unknown, however it has emerged that at least one of Energa's competitors offered a higher price that it would pay in one installment instead of two. If the Treasury selects Energa then this would result in vertical integration in the energy sector. (Puls Biznesu, pp. 1, 9) M.M.