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COAL: LWB Renegotiates Coal Contracts with Enea, Reducing Contract Value

COAL
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Poland’s Lubelski Węgiel Bogdanka (LWB) has renegotiated its coal supply contracts with Enea Wytwarzanie (EW) and Enea Elektrownia Połaniec (EEP), extending the duration of the agreements and adjusting coal volumes and prices, it said, cited by ISB News.

  • These changes have led to a significant reduction in the total value of the contracts, with EW’s agreement dropping to PLN15.96bn (€3.79bn) and EEP’s to PLN3.4bn for the 2025-2033 period.
  • The new agreements were originally expected to run until 2029.
  • The total value of the EW agreement for 2017-2036 is now PLN27.18bn net, 16.1% lower than the previous estimate in 2023.
  • The value of the EEP contract for 2013-2033 is now PLN7.77bn net, a 7.4% decrease from the prior estimate last year.
  • Additionally, key changes in the agreements also include new coal supply volumes for both EW and EEP, and updated coal prices for 2025.
  • At the end of 2022, LWB held a 16.5% share in Poland's hard coal market, 21.7% in the thermal coal market, and 27.1% of the coal sold to professional power plants.
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Poland’s Lubelski Węgiel Bogdanka (LWB) has renegotiated its coal supply contracts with Enea Wytwarzanie (EW) and Enea Elektrownia Połaniec (EEP), extending the duration of the agreements and adjusting coal volumes and prices, it said, cited by ISB News.

  • These changes have led to a significant reduction in the total value of the contracts, with EW’s agreement dropping to PLN15.96bn (€3.79bn) and EEP’s to PLN3.4bn for the 2025-2033 period.
  • The new agreements were originally expected to run until 2029.
  • The total value of the EW agreement for 2017-2036 is now PLN27.18bn net, 16.1% lower than the previous estimate in 2023.
  • The value of the EEP contract for 2013-2033 is now PLN7.77bn net, a 7.4% decrease from the prior estimate last year.
  • Additionally, key changes in the agreements also include new coal supply volumes for both EW and EEP, and updated coal prices for 2025.
  • At the end of 2022, LWB held a 16.5% share in Poland's hard coal market, 21.7% in the thermal coal market, and 27.1% of the coal sold to professional power plants.