ZEW Niedzica's assets to be divided among three firms
September 13, 2013
Poland’s Treasury plans to establish three companies based on assets of hydropower plant complex ZEW Niedzica, including an energy firm, which could be privatized, deputy Treasury Minister Zdzislaw Gawlik said on Thursday.
"The plan is to spin off three companies: a water company, an energy company and a tourism company," Gawlik said, adding that the energy company "could be privatized."
"ZEW Niedzica's situation is complicated due to unregulated legal status," Gawlik said. "I hope that by the end of 2013 decisions will be made as to how achieve a situation, in which one can normally manage the assets."
ZEW Niedzica has a power generation capacity of 98.6 MW.
Previously the Treasury mulled transferring ZEW Niedzica assets to power group Energa, on its way to the Warsaw Stock Exchange.