French utility EDF is on the verge of selling its coal-fired heating and power plants in Poland, estimated to be worth up to $498m.
The Polish newspaper Puls Biznesu reported the news on Wednesday.
EDF’s coal-fired power plants currently hold a 15 percent share of the heating market. Its 1.7 GW coal-fired power station in Rybnik, in the south of the country, generates about 7 per cent of the electricity consumed in Poland.
Obstacles could get in the way of the sale according to Reuters as CO2 emission costs are currently negatively impacting on power generation assets in the country. Electricity producers are also striving to have a capacity reserve introduced.
Polish media reports that Czech energy company EPH is the most likely potential buyer of EDF’s Polish assets with Poland’s Enea also said to be interested in the Rybnik plant.
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