Warsaw (Puls Biznesu) - Energy group Enea has
received the approval from Aleksander Grad, the Minister of Treasury, to acquire
PAK power plants controlled by Zygmunt Solorz-Zak.
Enea, the energy group from Poznan, has the
approval of its owner, i.e. the Ministry of the Treasury, to acquire PAK power
plants, as “PB” has just learnt. Jan Bury, the deputy minister of the treasury
responsible for the energy sector was unavailable for comment yesterday.
“In fact, we have been given green light here. But
it does not that we have made decision. There are too many uncertainties while a
priority remains our stock debut”, Pawel Mortas, Enea CEO said.
The issue may be decided over upcoming years when
Enea has its strategy ready.
“We need to take into account the new market
conditions. The situation has changed substantially against last year. The
situation of power producers has deteriorated because of the carbon dioxide
limits. Power plants using lignite, PAK including. We know that government is
still working over the bill and these conditions may be subject to change. We
will know final solutions before February ends”, Pawel Mortas said.
New strategy is necessary because energy prices
remain unstable. They were supposed to be freed early this year. The regulator
changed its mind and the prices for individual clients are still regulated by
Over 40 percent of PAK shares is controlled by
Zygmunt Solorz-Zak and his company Elektrim. They were ready to sell the stake
for PLN 2bn (EUR 552m) last year.
(PLN 1 = EUR 0.276)