Energy sector - privatization or further consolidation?

The accession date to the EU is also the deadline for completing the restructuring of the domestic energy sector, said Tadeusz Soroka, Deputy Treasury Minister. He pledged to kick into motion the consolidation of Bełchatów, Opole and Turów power plants and two brown coal mines, into the so-called 'BOT' as early as in July. Soroka is likely to have a busy time this summer as in the next two months the Ministry will also decide on the fate of other three power plants, ZEDO, ZEO and El Kozienice, which are currently undergoing privatization. However, since all the offers presented by investors do not satisfy the Ministry, it may decide to abandon the tender and incorporate them into BOT or Południowy Koncern Energetyczny (PKE), as it has no plans to create a third large power group. (Puls Biznesu, p. 10) J.K.