In Brief: Elektrocieplownia Bialystok; Polmos Bialystok sale: PGNiG appeal
Heat and power plant Elektrocieplownia Bialystok (EB) is undertaking a
restructuring plan that will result in its workforce being reduced from its
present 450, to just 150. EB has been forced to halt its development program
while it waits to receive capital from Societe Nationale Electricite et de
Termique, its strategic investor. (Puls Biznesu, p. 5) ... The binding
offers from strategic investors interested in buying a stake in Polmos
Bialystok, the country's biggest spirits producer, are currently being
assessed. Unofficial reports put the price of the 85% stake at $150 million.
(Prawo i Gospodarka, pp. 1, 3) ... According to a statement from the press
office of Polish Oil and Gas (PGNiG), the company has lodged an appeal with
the Anti-monopoly Court against the Energy Regulation Office (URE) decision
to reject its proposed new gas tariffs. According to the URE, the proposed
PGNiG tariffs would not guarantee customers protection from unjustified
price levels. (Prawo i Gospodarka, p. 3) P.J.
