Treasury once again invites bids for Rybnik power plant

A consortium of NRG Energy-Marubeni Corp. has missed the deadline to sign a takeover deal for the shares of Elektrownia Rybnik power plant, paving the way for the Treasury Ministry to invite new bids. The Treasury has decided to begin negotiations with all those investors who participated in the first stage of privatization talks: Tractabel S.A., EnBW AG, AES Horizonts and National Power P. NRG Energy-Marubeni would also be eligible to participate in the new tender. However, the initial composition of the consortium has changed since GE Capital withdrew. The consortium nonetheless would be strengthened by the inclusion of the European Bank for Reconstruction and Development (EBRD), which earlier expressed interest in buying the power station. Elektrownia Rybnik is Poland's most cost-efficient coal power plant and has the highest installed generator-to- power output ratio in the country. The plant produces 8.3 million megawatt-hours of energy per annum, giving it 6.5%-7.4% of the domestic market. With a workforce of 1,500, Elektownia Rybnik recorded approximately z3. 13 million in net earnings last year. (Rzeczpospolita, p. B3) A consortium of NRG Energy-Marubeni Corp. has missed the deadline to sign a takeover deal for the shares of Elektrownia Rybnik power plant, paving the way for the Treasury Ministry to invite new bids. The Treasury has decided to begin negotiations with all those investors who participated in the first stage of privatization talks: Tractabel S.A., EnBW AG, AES Horizonts and National Power P. NRG Energy-Marubeni would also be eligible to participate in the new tender. However, the initial composition of the consortium has changed since GE Capital withdrew. The consortium nonetheless would be strengthened by the inclusion of the European Bank for Reconstruction and Development (EBRD), which earlier expressed interest in buying the power station. Elektrownia Rybnik is Poland's most cost-efficient coal power plant and has the highest installed generator-to- power output ratio in the country. The plant produces 8.3 million megawatt-hours of energy per annum, giving it 6.5%-7.4% of the domestic market. With a workforce of 1,500, Elektownia Rybnik recorded approximately z3. 13 million in net earnings last year. (Rzeczpospolita, p. B3)