Poland’s biggest power producer PGE estimates it will have to spend up to $471.96m by 2020 to upgrade its coal-fired power stations so that they meet European Union emission reduction regulations.
The state-run company’s announcement was made amid a general nationwide consensus that the country’s power fleet will need billions in investment.
Poland has to upgrade its power stations so that they meet the reduction requirements imposed by the Industrial Emissions Directive (IED), effective by around 2021.
The IED is the main EU instrument regulating pollutant emissions from industrial installations.
A lobby group for power companies had estimated the costs to revamp Poland’s power stations to be as much as $3.03bn.
PGE, which holds a combined installed capacity of 12,770 MW of electricity, produced 49.40 million tonnes of lignite coal in its mines last year. The company expects core profit at its main coal-fuelled power generation unit to fall this year due to lower electricity prices and maintenance outages.
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