Polish firms may invest PLN 100bn in conventional power by 2024 - PMR
February 10, 2014
Polish firms could invest around PLN 100 billion in conventional power by 2024, including outlays on construction of a nuclear power plant, market researcher PMR wrote in a report.
The list of investments includes some PLN 20 billion in projects in development, including four large projects (construction of power blocks in southwestern Opole by PGE, in central Kozienice by Enea, in southeastern Stalowa Wola by Tauron and in northern Wloclawek by PKN Orlen) and several smaller ones.
According to the PMR report entitled “Conventional energy construction in Poland 2014 - Development forecasts and planned investments“, the total value of large power projects under construction has nearly doubled following the launch of the construction of two power generation units at the Opole power plant,
the largest project under construction in Poland.
“Four major projects and several minor schemes with a combined capacity of about 4,000 MWe and the value of nearly PLN 20 billion are currently under construction. An important point is that this is still the early phase of the upward movement in the power construction market”, Bartlomiej Sosna, Head Construction Analyst at PMR and the report’s author, said.
Another PLN 37 billion worth of investments are at an advanced tender stage, while PLN 52 billion worth of investments are in preparation for the tender procedure, the analysts wrote.
The value of suspended projects has been estimated at over PLN 30 billion.
“However, there is a chance that some of them will be moved from the back burner in the coming years if the economic conditions improve and the regulatory environment is changed”, the report said
However, power construction is not only about generation capacity, as it also includes the dynamically-expanding transmission networks.
“Investments in power grids proved to be one of the fastest-growing branches of the power construction industry in 2013. Most of the announced projects in this segment have actually been started, and they are currently in the tender phase or, in some cases, contractors have already been appointed. Last year, capital expenditure on the distribution networks incurred by the main operators exceeded PLN 6bn (€1.4bn), and the value of tenders awarded by Polskie Sieci Energetyczne was another PLN 6 billion.” Sosna said.