Kozienice on the fast track to be privatized

Contrary to earlier announcements, the State Treasury has decided to radically change the order in which public companies from the energy sector will be floated on the Warsaw Stock Exchange (WSE). According to earlier plans, the first one to debut was supposed to be the Southern Energy Concern (PKE) followed by a group of energy distribution companies and power plants. Unexpectedly the first one on the list is currently one of the largest domestic power plants Kozienice. "We want to have Kozienice listed later this year. The IPO prospectus will be ready in six weeks," said Deputy Treasury Minister Dariusz Marzec, who is responsible for the energy sector, adding that listing Kozienice shares on the WSE does not exclude an entrance of a strategic investor. The Kozienice power plant recorded an operating profit of zł.141.6 million in 2003 on sales of zł.1.7 billion. (Puls Biznesu, pp. 1, 3) A.K.