Warsaw is considering the launch of a mechanism that would help state-run power producers to finance the construction or upgrade of coal-fired power stations.
The Polish government wants coal-fired power utilities such as PGE, Tauron Enea and Energa to continue to contribute to powering the country despite outside pressure from the UN, EU and lobby groups to switch away from coal completely.
Deputy Energy Minister Andrzej Piotrowski said that a state-run entity, whose main focus will be on the financial management of government subsidies for renewable energy from small installations, will also be allowed to buy new shares in the power companies.
“The instrument, which would allow the company Zarzadca Rozliczen to buy securities, is aimed at helping the power producers in financing the construction of indispensable new power stations or modernisation,” Piotrowski said.
“This solution will provide various possibilities, including the purchase of power companies new shares or buyback. The final decision should be taken at the end of this year or at the start of next year,” the minister added.
[bc_video account_id=”1214147015″ player_id=”4697982639001″ video_id=”4887144738001″ min_width=”320px”]