Energy News In Brief: Ostrołeka Power Plant; PKP Energetyka; PKN Orlen

The Treasury Ministry intends to announce a new tender for Ostrołęka Power Plant after the failure of the first one last year when the only bidder, the Posłaniec Power Plant controlled by Belgian Electrabel, offered too low a price. (Puls Biznesu, p. 7) ... PKN Orlen's management board wants to issue 11.6 million new shares as part of the remuneration for the company's managers. The plan has yet to be accepted by Orlen's supervisory board and its general shareholders meeting. However, previously the supervisory board threw out the motion. (Parkiet, p. 3) ... Power plants’ threat to cut off energy to PKP seems to have been averted at the last minute. "By the end of May PKP Energetyka will pay off one third of its zł.250 million debt to power plants," assured Deputy Infrastructure Minister Andrzej Piłat. To make this possible, the government will have to give PKP part of the zł.350 million budget reserve. (Puls Biznesu, p7)