Poland’s biggest oil refiner, PKN Orlen, is looking at various electricity production projects, including nuclear, to benefit from an expected rise in power demand, the firm’s vice-president Miroslaw Kochalski said. Poland generates most of its electricity from coal, but is considering ways to replace it partially with cleaner sources in the long term. The energy ministry is working on a project to build Poland’s first nuclear power plant by 2030, but has not yet presented a financing model. The country’s biggest power producer, PGE, is directly responsible for the nuclear plant plan, but its financial capabilities have weakened after it took over the local heating and power assets of France’s EDF. PKN, with its cash-generating capacities, could help make the plan more feasible.
Reuters 1st Feb 2018 read more »