Poland/Enterprises/Energy
Warsaw (Puls Biznesu) – Unless Elektrim, the strategic investor in three power plants PAK, presents its strategy of financing investments that had been promised in the privatisation agreement, the Treasury Ministry may gain control over PAK. The investor pledged to build a new energy block with capacity of 460 MW, and to modernise the existing plants. ‘We are going to execute the privatisation agreement’, Dariusz Marzec, deputy Treasury Minister threatened.
He did not say what the privatisation agreement provided for. The ministry may try to deprive Elektrim of the control over the company. Then, the government would look for the investor for PAK or merge the company with one of state-owned power plants. Zygmunt Solorz-Zak, Elektrim’s main shareholder, and the owner of Polsat TV broadcating company, has offered to find a strong strategic investor for PAK or to raise PAK’s capital through Polsat group.