PGNiG Termika to invest over PLN 4bn in Warsaw area by 2020
March 19, 2014
Gas giant PGNiG's heat-and-power unit PGNiG Termika plans to invest over PLN 4 billion by 2020 in the Warsaw area alone, including some PLN 1.7 billion in a new gas-fueled power block at the Zeran plant, company officials said on Tuesday.
"In the perspective up to 2020 we can invest more than PLN 4 billion in the Warsaw area alone," CEO Andrzej Gajewski told reporters.
By 2020 the company wants to increase electrical energy production by 50% and to gradually reduce the use of coal from 97% in 2011 to 55% in 2021. By that time PGNiG Termika will add gas and biomass to the mix at 35% and 10% respectively.
The planned investments include construction of a 450 MWe gas-fueled power block at Warsaw's Zeran heat-and-power plant, with the tender for the general contractor to be launched mid-2014 and the project to be completed in 2018, the CEO said.
Other projects under realization include the construction of a 390 MWt gas-fueled boiler house at Zeran, to be ready in 2016, and a 50 MWe biomass-fueled block at the Siekierki heat-and-power plant, to be completed in 2015.
PGNiG Termika is also investing in the production of gas engines in Pruszkow near Warsaw, with works due for completion in 2016.