Vattenfall favorite to win the bid for GZE energy supplier

The race for the investor in the Silesian energy distributor Gornoslaski Zaklad Elektroenergetyczny (GZE) is slowly coming to an end with Vattenfall being favored to win the tender. The Swedes are believed to have offered the highest bid but are now saying they will not invest anymore in energy production in Poland. According to Vattenfall Poland president Torbjorn Wahlborg, investing in large thermal plants where Vattenfall lacks experience would be risky. In related news, another contender for GZE, RWE Energie of Germany believes the Treasury Ministry will pick two bidders that must battle it out in a second round. If that happens, RWE hopes to beat Vattenfall by emphasizing it is a company with experience in restructuring the Polish energy industry. Another bidder for GZE, PSEG Global of the US is promising to build a new heat and electricity plant and expand operations in Poland, regardless of whether it acquires GZE. (Puls Biznesu, page 8, 9)