Poland sets investment priorities for state treasury companies
July 4, 2014
The Polish government has identified 11 priority investments in which it wants Treasury-controlled companies to cooperate with each other as well as 135 key investments to be carried out individually by the firms, according to the meeting of the Treasury Ministry leadership with CEOs of biggest state firms.
The total value of the projects exceeds PLN 100 billion, the daily Puls Biznesu wrote. The goal is to make Treasury-controlled firms act as a single capital group and as a result create synergies.
The 11 crucial projects identified by the ministry include the creation of a Polish n-plant, upgrading the power grid, building power blocks in Stalowa Wola, Pulawy, and Lagisza, launching an E&E project of fuel firms PKN Orlen and PGNiG, conventional hydrocarbons exploration by Lotos fuels & PGNiG, building a petchem plant by Lotos & chemical group Grupa Azoty and consolidating the healthcare market around PZU insurer, the daily wrote.
Other projects include presenting a joint offer for clients, co-operation in the field of shale gas extraction, as well as fuel infrastructure projects.