Treasury Ministry puts forward plan for power distribution companies

The Treasury Ministry wants to create five concerns selling electric power to end users on the basis of 23 power distribution companies, said Dariusz Lubera, president of the Association of Transfer and Distribution of Electr ic Power (PTPiREE). According to him, there is a chance that the project wi ll be approved by the Treasury Ministry and be discussed by the cabinet bef ore the end of June. Each of the concerns would have a 12% to 15% share of the domestic power market. According to the plan, the new structures are to be built by incorporating the assets and property of consolidated companies by the leaders of separate groups. The first company to be created, the P-5 Group, will be centered around Energetyka Poznanska. The next concerns will be created successively to the end of 2003. Then, from the beginning of 200 4, they should be ready for privatization. However, it has been reported th at the Economy Ministry has a different concept for restructuring the power sector. (Prawo i Gospodarka, p. 7) P.W.