Polish plant sell-offs start
Poland`s treasury ministry has begun the process of privatising six of the country`s power plants. It has opened the tender for privatisation advisors for some of the plants, and is reported to be looking for fast sell-offs of these assets.
The plants to be privatised are the latest to come under the government`s power industry privatisation programme. They are the Polaniec and Rybnik power plants, and the combined heat and power (chp) plants EC Wybrzeze, Torun, Bialystok and Zielona Gora.
The process for privatisation involves the selection of advisors for each plant followed by the launch of tenders. No details of an exact timetable have been given.
Poland began the privatisation of its power industry last year with the sale of a 55 per cent stake of chp plant EC Krakow to French utility EDF for $79.75m. Two other privatizations are already underway – Patnow-Adamow-Konin and Bedzin SA. German energy supplier Steag has agreed to buy a stake of more than 25 per cent in Bedzin.