Eight CHP plants in PGE deal to purchase EDF assets

Poland’s energy watchdog has given the all clear for PGE‘s takeover of EDF’s Polish assets, once the country’s biggest power provider meets one condition.

The anti-monopoly office said that PGE can take over the assets once it sells most of the electricity generated by the Rybnik coal-fired power plant via the power exchange.
EDF’s plants include eight combined heat and power plants and a 1.8 gigawatt (GW) coal-fired power plant in Rybnik, in southern Poland.

State-run PGE agreed to buy EDF’s local power and heating plants for $1.23bn in May in a move to increase its market share and give the state more control over the country’s utilities.

The deal, which is supported by Poland’s energy ministry, was unexpectedly questioned in September by UOKiK, which said that the transaction could undermine competition in the energy market.

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