Polish power firms to put PLN 30bn in new generation capacity by 2020
February 17, 2014
Polish power firms will invest PLN 30 billion to 2020 in new generation capacity, Treasury Minister Wlodzimierz Karpinski said on Saturday.
"To 2020 these firms will invest PLN 30 billion," Karpinski said, naming Poland's largest power utility PGE which just launched construction of a plant in Opole, southwestern Poland, as well as other firms with plans in southern Tychy, Stalowa Wola, Legnica, Turůw and northern W≥oc≥awek.
Bringing new capacity online will also require some PLN 10 billion in investments to the grid, Karpinski added.
Together with PLN 18 billion in planned gas system investments, Poland is on track to have "very modern generation capacity, very efficient and effective transit and very secure connections to the power and gas networks of the EU," Karpinski said.
"It radically increases energy security and simultaneously makes power more available and cheaper which will increase our economic competitiveness," he said.