Treasury Ministry: No changes in power firms management
15:55
Poland wants no changes in the managements of power firms, but expects them to get involved in the restructuring of the coal mining sector, Treasury Minister Andrzej Czerwiński told the Polish Press Agency (PAP).
"From our part, there are no actions aimed at replacing [managements in power firms]," Czerwiński said.
The coal sector restructuring project entails mainly the creation of New Kompania Weglowa (NKW) on the base of the best assets of ailing Kompania Węglowa, cost rationalization at JSW miner, launching new technologies which could increase the coal market, as well as finding an investor for Brzeszcze mine, Czerwiński enumerated.
"Since the beginning of the year talks were underway and the plan foresaw linking power and mining sectors on market conditions," Czerwiński said. "Fuel and energy firms around the world function this way. We assumed that managements of power firms are professionally prepared to control costs."
