Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Electric Power

Energa shareholders approve Poland's 'last coal-fired power plant' 1 GW Ostroleka C

Energy | Electric Power | Metals | Non-Ferrous

Stationary storage market today and expectations for the future

Electric Power

Platts Market Data – Electric Power

Capital Markets | Commodities | Energy | Electric Power | Electric Power Risk | Natural Gas | Banking | Infrastructure | Structured Finance

Global Power Markets Conference, 35th Annual

Commodities | Energy | Electric Power | Natural Gas

Russia's Putin warns risk of Ukraine gas transit disruption 'exists'

Energa shareholders approve Poland's 'last coal-fired power plant' 1 GW Ostroleka C

Warsaw — Shareholders from Polish state-controlled utility Energa approved Monday what may turn out to be the last coal-fired power plant in Poland, the 1 GW Ostroleka C unit at its plant in the northeast of the country.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The project is a 50-50 joint venture between Energa and another state-controlled utility Enea. Enea shareholders are due to vote on the project at a meeting on September 24.

In July, the Elektrownia Ostroleka JV company signed a gross Zloty 6.023 billion ($1.63 billion) contract with GE Power and Alstom Power to build the unit, which would have a net efficiency of at least 45%, at the site of the existing 647 MW Ostroleka B plant.

Poland's energy ministry argues the unit is indispensable for power supply security and is necessary to synchronize the Polish grid with the networks of the neighboring Baltic states. Ministry officials have said Ostroleka C would be the country's last new large coal plant investment.

Energa management has said construction of the plant is dependent on the investment securing capacity market payments in an auction scheduled for December. In February, the European Commission approved Poland's capacity market regulations, under which Ostroleka C is eligible for a 15-year contract.

In a report published last week Carbon Tracker said the investment would be permanently unprofitable without capacity payments and that securing them was far from guaranteed.

--Adam Easton, newsdesk@spglobal.com

--Edited by Maurice Geller, maurice.geller@spglobal.com