Consortium in running to purchase key Polish CHP plants

French utility EDF is in talks with a Polish consortium over the potential sale of its combined heat and power plants in Poland.

The Polish government has stipulated that the assets should only be sold to Polish local interests, with a view to protecting overall energy security. Warsaw had previously stopped a sale of the assets to an Australian and Czech bidder.
EDF logo
On Wednesday EDF's Polish subsidiary Kogeneracja said that EDF had formally ended the exclusive talks with IFM.

EDF put its heat and electricity cogeneration plants up for sale at the start of last year. The plants have a 15 per cent share of the heating market in Poland.

A consortium of Polish state-run utilities PGE PGE.WA, Enea ENAE.WA, Energa ENGP.WA and PGNiG PGN.WA also submitted a joint bid for the assets and two sources familiar with the situation said EDF has now agreed to discuss a possible sale to the consortium.

EDF expects the consortium to offer at least as much as EPH and IFM were ready to pay for the assets, the other source said. According to local media EPH and IFM had offered a total of $366-488m.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...