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Energy market micromanaged by Minister Tchórzewski hits Polish utilities

Energy market micromanaged by Minister Tchórzewski hits Polish utilities

The condition of Polish energy sector is terrible. Energy utilities are suffering drops in the stock market which can be attributed to Minister Tchórzewski’s attempts to centrally control the energy market to make construction of Ostrołęka C possible.

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Unions' pensions to pay for Ostrołęka C?

Unions' pensions to pay for Ostrołęka C?

Poland’s Minister for Energy Tchórzewski is desperately looking for the missing 3 billions for the construction of Ostrołęka C. His latest idea is to take over 20 billion from the unionists' pension funds.

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Consent to the construction of Ostrołęka C - how to plunge Poland’s least coal dependent utility

Consent to the construction of Ostrołęka C - how to plunge Poland’s least coal dependent utility

On September 3, the Extraordinary General Meeting of Energa, despite the opposition of some shareholders, decided to issue a directional consent for the commencement of the work for the Ostrołęka C power plant. This is to the detriment of the company, shareholders and the society – environmental organizations comment.

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New Polish coal plant to become political poisoned chalice

New Polish coal plant to become political poisoned chalice

As Energa, one of the four largest energy providers in Poland, prepares to greenlight the construction of the EU's last sizeable hard coal plant, a new report is highlighting that it stands no chance of being profitable, leaving the investment looking more like a political fix for Law and Justice MPs ahead of upcoming local elections.

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New report smashes Ostrołęka C - the power plant shows deep unviability

New report smashes Ostrołęka C - the power plant shows deep unviability

The latest report by Michał Hetmański from the Instrat Foundation "Ostrołęka C - next steps for the Europe's last coal power plant" indicates substantial unviability of the largest new coal power plant in the EU and serious legal doubts around the investment process.

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