Government has two ideas to solve the conflict over PAK power plant

opublikowano: 19-01-2007, 12:53

Warsaw (Puls Biznesu) – The Ministry of the Treasure sees two ways of solving the conflict over PAK: either a new investor or merging the power plant with the state-owned energy group.

Warsaw (Puls Biznesu) – The Ministry of the Treasure sees two ways of solving the conflict over PAK: either a new investor or merging the power plant with the state-owned energy group.

 

The Ministry of the Treasure (MSP) is in conflict with Elektrim controlled by Zygmunt Solorz-Zak over the Patnow-Adamow-Konin (PAK). The businessman believes that according to the agreement signed in 2005 MSP should sell the remaining stake to the Elektrim.

“The Surpreme Chamber of Control (NIK) is critical against the privatization of PAK by Elektrim. The allegations concern both the privatization itself as well as the investor’s compliance with the contract. Prosecutor’s office is investigating PAK case. We have signals that Elektrim is talking with potential investors to sell his stake. How can we ask the government to sell the remaining stake to this investor”, Michal Krupinski, the deputy Minister of the Treasure said.

 

“May there be any decision. We may talk to the new investor but first MSP has to show him. If they don’t want to, they should sell us the remaining stake in PAK and we will find the partner ourselves”, Zygmunt Solorz-Zak said.

It looks like this is the only way to solve the problem. However, MSP is not eager to look for the investor.

“Elektrim should present their proposal. We have signals that they are talking to somebody. We think we know with whom”, Michal Krupinski said.

This might be the Czech CEZ. The representatives of this company have recently visited MSP to talk about PAK. PAK is the only power plant in Poland put up for sale. Swedish Vattenfall and German RWE are also interested in this company. Zygmunt Solorz-Zak denies to talk with any potential buyers to sell his stake.

 

MSP has a second variant as well. PAK would be consolidated with one of the energy group being created right now, e.g. Energetyka Poludnie (EP).

“In the first stage, the mines working for PAK would be merged. Then PAK would be merged. If not, a new power plant may be built”, Michal Krupinski said.

This solution means a war with Elektrim because it is totally against the provisions of the 2005 contract.

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