PGNiG mulls new investments in heat & power generation
September 17, 2013
Poland’s gas giant PGNiG mulls new investments in the gas-fuelled heat and power plants, but hinges potential investments in the segment on the upcoming support scheme for renewable energy sources, PGNiG acting CEO Jerzy Kurella told wnp.pl portal.
"We will surely continue our already started investments: Stalowa Wola in southeastern Poland [combined cycle 450 MWe heat and power block], Zeran and a biomass boiler at Siekierki," Kurella said as quoted by the portal. "At the same time we will look for new investment opportunities, but we have to wait with final decisions on entering new project until the adequate legislative solutions are adopted."
PGNiG is mulling building gas fuelled heat and power plants outside of Warsaw.
Building heat and power plants is "a natural direction" of the firm's development, the official added.
"We are entering the electricity market at the same time creating conditions for increased gas demand," Kurella said. "[Heat and power] co-generation is also an idea for diversifying our activity and securing a stream of revenues from a new area, which may prove especially important in the view of the challenges . . . resulting from the gas market liberalization."