Treasury Ministry short-lists five for Skawina Power Plant privatization

Five companies have been short-listed for the privatization of Skawina Power Plant (ES), in which the Treasury Ministry intends to sell a 80% stake. After receiving six offers last month, the announced a short-list that includes Krakow-based power and heating plant Elektrocieplownia Krakow; U.S. Public Service Enterprise (PSEG); the private Polish company Enpol; French Societe Nationale d'Electricite et de Thermique (SNET); and U.S. Central and Eastern Europe Power Fund. After the Easter holidays all the companies will launch due diligence procedures of Skawina. The company employs 750 workers and has production capacity of around 4 million megawatts annually. Zaklady Energetyczne w Krakowie i Tarnowie coupled with Energetyka Beskidzka are the company's main receivers. (Puls Biznesu, p. 9) A.Z.