Tel-Energo tender still on the cards says PSE president

Power Grid (PSE) president Stanisław Dobrzański is adamantly denying the fact that the firm intends to annul the tender for the privatization of PSE controlled Tel-Energo. "Contrary to the rumors circulating last week, we intend to conclude the tender. On Thursday, we filed for permission to proceed with the tender to the PSE supervisory board" Dobrzański said. In his opinion, the tender's success is currently in the hands of potential investors. If their bids are attractive the transaction will come to f ruition. Currently, Netia is the sole candidate for Tel-Energo's purchase since another candidate Energis, is only considering a share swap. Despite Dobrzański's declarations that the tender will be concluded the rumors about its planned annulment are not groundless. According to unofficial info rmation, there is an "anti-privatization faction" which objects to Te l-Energo's privatization. The faction is said to be strongly supported by Tel-Energo's former president Andrzej Arendarski. (Puls Biznesu, Tue, Oct 28, p. 7) A.Z.