Polish mining company Jastrzebska Spolka Weglowa (JSW) is to build or buy 300 MW of heat and power capacity over the next five years, according to its CEO Jaroslaw Parma.

Parma said a new cogeneration unit would act as a stabilizing factor during downturns in the coal market. JSW can supply coal-fired units with a total capacity of 1500 MW at the company’s current levels of production.

“The main premise of our activities is to substantially reduce the cost of obtaining energy for our mines. The aim is to achieve independence from external energy supplies by 2016. By this time we will have combined heat and power plants with a total capacity of 300 MW,” Parma told local media.

JSW, located in Jastrzebie-Zdroj in southern Poland, is the largest producer of high-quality type 35 coking coal in the European Union. In 2010, its five mines produced 9.1 million mt of coking coal and 4.2 million mt of steam coal.

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