Energy production and distribution sectors still seeking investors

Energy market expert and president of PSE-Electra Stanislaw Poreba, estimates the gross value of the country's biggest energy producers at zl. 40 billion-zl. 50 billion. "According to the plan accepted by the government in January, over the next few years the state would dispose of shares in half of them," said Poreba. Igor Muszynski from White&Case said, "Funds for acquisitions in the energy sector have dried up. American companies will not invest overseas, while European concerns have their own problems. At present buyers can only be found for the best and most modern power plants." However, Poreba claims that acquiring existing plants will remain the biggest opportunity on the domestic energy market. He also stated that there was no need to construct new power plants, as existing plants could be upgraded. At the same time, the value of investments required by the energy distribution sector for modernization is estimated at zl. 30 billion-zl. 40 billion, mostly in connection with EU entry. (Puls Biznesu, pp. 1, 8) M.M.