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COAL: Polish State Assets Minister Sees Continued Value in Coal Plants

COAL
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Poland’s coal-fired power plants remain valuable assets for utilities according to State Assets Minister Jakub Jaworowski, cited by Bloomberg, amid the ministry assessing the impact of the potential coal spin-off.

  • Jaworowski cited PGE’s Baltica 2 offshore wind farm as an example of how utilities can continue investing in green energy while still generating electricity from coal.
  • The announcement comes after PGE was holding talks with the State Assets Ministry to finalise a plan for its coal assets, with a decision that was expected soon, according to CEO Dariusz Marzec on 4 December 2024.
  • Additionally, the government was mulling to abandon plans to carve out coal assets from state-controlled utilities, according to reports from Dziennik Gazeta Prawna on 3 December 2024.
  • In 2023, the previous government was planning to set up a state-owned entity called NABE – which would take over the coal assets and debts associated with the units from the largest Polish utilities – enabling the firms to focus on renewables.
  • Instead, a gradual phaseout of coal assets will be managed within utilities, with a detailed timeline for each mine and coal-fired power plant.
  • A new plan is expected to be released by the Industry Ministry in early 2025 to help utilities shift focus toward new investments, MNI reported late last year.
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Poland’s coal-fired power plants remain valuable assets for utilities according to State Assets Minister Jakub Jaworowski, cited by Bloomberg, amid the ministry assessing the impact of the potential coal spin-off.

  • Jaworowski cited PGE’s Baltica 2 offshore wind farm as an example of how utilities can continue investing in green energy while still generating electricity from coal.
  • The announcement comes after PGE was holding talks with the State Assets Ministry to finalise a plan for its coal assets, with a decision that was expected soon, according to CEO Dariusz Marzec on 4 December 2024.
  • Additionally, the government was mulling to abandon plans to carve out coal assets from state-controlled utilities, according to reports from Dziennik Gazeta Prawna on 3 December 2024.
  • In 2023, the previous government was planning to set up a state-owned entity called NABE – which would take over the coal assets and debts associated with the units from the largest Polish utilities – enabling the firms to focus on renewables.
  • Instead, a gradual phaseout of coal assets will be managed within utilities, with a detailed timeline for each mine and coal-fired power plant.
  • A new plan is expected to be released by the Industry Ministry in early 2025 to help utilities shift focus toward new investments, MNI reported late last year.