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At the turn of March and April 2018, the tender procedure for the construction of the Ostrołęka C power plant was completed. This project is a joint investment of Energa and Enea. The public tender was opened at the end of 2016. Five entities applied for the contract but at the end of the procedure only three of them submitted bids. The choice of the contactor was surprising for many.

In December 2017, the bids were open. An offer submitted by China Power Engineering amounted to 4 849,8 million PLN. GE Power & Alstom proposed 6 023 million PLN and Polimex-Mostostal & Rafako declared construction for 9 915,5 million PLN. All offers exceeded the investor's budget estimated at 4 803,2 million PLN.

Polimex-Mostostal (PxM) was the front-runner in the tender proceedings because this consortium had been taken over by the four largest Polish energy companies (Energa, Enea, PGE, Tauron) and capitalized with the amount of 300 million PLN. Such a dependency created a natural pressure on the SPV. In addition, the minister of energy, Krzysztof Tchórzewski (deputy from the Siedlce region), had repeatedly emphasized the special role of investment in Ostrołęka in the strategy for the development of the Polish energy sector. He also indicated the chances for a PxM consortium (based in Siedlce) to win a tender conducted by companies under the supervision of the Ministry of Energy. In January this year, president of PxM spoke positively about the company's chances. This probably contributed to PxM issuing an uncompetitive price offer. The offer submitted by the Chinese consortium has been rejected.

According to the latest reports, the GE Power & Alstom consortium has the best chance of signing the contract. On April 4, 2018, Elektrownia Ostrołęka LLC settled the tender procedure by awarding the contract to GE Power and Alstom. After that, the share prices on the WSE of Polimex-Mostostal and Rafako began to decline. The CEO of Polimex-Mostostal resigned. However, the president of Rafako, Agnieszka Wasilewska-Semail, claims that both companies were still "in the game" and negotiations were under way regarding the accession to the contract.

As the investor stipulates, the outcome of the tender is not tantamount to consent to enter into a contract with the GE Power & Alstom consortium and to issue a commencement order.


Which entity is going to build the Ostrołęka C power plant? We will probably find it out no sooner than after the local government elections. It is a great pity that the decision to build such a socially and economically expensive investment is politically motivated in isolation from reliable financial analysis, and that it does not reflect the needs of the energy market - says Radosław Ślusarczyk from Association Workshop for All Beings.

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