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Energy company challenges European Commission for the Polish capacity market. Contract for Ostrołęka C under threat

Energy company challenges European Commission for the Polish capacity market. Contract for Ostrołęka C under threat

Tempus challenges European Commission’s approval of Polish energy subsidy scheme, claiming it shuts cleaner, cheaper technologies out of the market and deprives European consumers of a better future. This threatens to invalidate power auctions, including the contract for Ostrołęka C.

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SCOR: we will not insure Ostrołęka C

SCOR: we will not insure Ostrołęka C

French SCOR - one of the largest European reinsurance companies - is clearly dissociating itself from any involvement in the Ostrołęka C power plant construction project.

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It's supposed to be wind and gas, not coal. PGE considers joining an unprofitable project, its shares falls.

It's supposed to be wind and gas, not coal. PGE considers joining an unprofitable project, its shares falls.

In October 2018 PGE, Poland’s largest utility, declared that the company's priority was not coal, but wind and gas. In response to the information announced on 7 January 2019 that the company wass considering joining the Ostrołęka C coal construction project, the prices of PGE shares are falling and analysts warn that involvement in the project is risky.

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Co-creator of Polish Power Grid: neither Poland nor the Baltic States need Ostrołęka C. It can only harm them.

Co-creator of Polish Power Grid: neither Poland nor the Baltic States need Ostrołęka C. It can only harm them.

The Minister of Energy admitted that the construction of Ostrołęka C was not in Poland's interest, but he claimed that it is indispensable for EU synchronization with the Baltic states. Former President of the Polish Power Grid, Prof. Dr. Jan Popczyk, refutes this claim.

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Coal could be falling from sky, and Ostrołęka C still would not be viable - new study shows

Coal could be falling from sky, and Ostrołęka C still would not be viable - new study shows

Shortly after the results of Polish capacity market auctions were released, an updated version of the viability study of Ostrołęka C once again showed that burning coal is economic nonsense. Despite a vast subsidy of 2.7 bn PLN (0.6 bn EUR) and 15-year long contract, the unit would still bring no profit at all for the investors.

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