Five investors on a short list for up to 80% stake in Bialystok powerplant

The Treasury Ministry has selected five companies, three domestic and two foreign, to place bids for a stake in the Bialystok powerplant (EC Bialystok). The two domestic-companies on the list are power-and-heating plant Wybrzeze, and consortium consisting of ENPOL and coal-trader Weglozbyt. The three foreign companies are U.S-based Ogden Energy West, U.K.-based Rolls-Royce through its Power Ventures' arm, and France-based Societe Nationale d' Electricite de Thermique. The Ministry intends to sell between10% and 80% of the power plant, taking into account bid-size and proposed development programs which should include investment resolutions and how the capital will be raised. Over the next two years, the Ministry is planning to privatize the whole energy sector. (Gazeta Wyborcza, page 23) A.Z.