PAK will lose, than to build gazówkę – the pulse of the Business

it Looks like a lack of faith the Board and the Group of power Plants Pątnów-adamów-Konin (PAK) to the government’s plan of introducing a capacity market in the energy sector. A small and flexible unit of gas that PAK had planned to put in Konin, would have been theoretically an ideal candidate to receive from the state a salary for the same willingness to work after hours of highest demand. This is the idea of market power. Block, however, is not growing, at least not yet. “The decision on the implementation of the project under current conditions would entail too great a risk” — filed tip PAK in the message.

On the draft law on the capacity market the government has been working for several months, and the document was supposed to be ready this year, including the procedure for obtaining permission from the European Commission. The experts from the beginning doubted whether a busy schedule can be realistic. It seems that PAK-shares these concerns.

— many uncertainties. Looking forward to the rules for the capacity market. The market is complex, dominated by state property, said during a recent Economic Forum in Krynica, Zygmunt Solorz-Zak, the main shareholder of PAK.

the dominance of the state in the energy sector for private PAK means the risk that a possible auction to support the best position, can take state power. Therefore, the Board of PAK has promised that this year on this investment, of course, will not solve. And then? “The construction of block-water-gas power plant in Konin is still the plan, but the necessary conditions uprawdopodabniające its positive effect on company value”, says the Board.

Despite this, the likelihood that PAC will return to the idea, decreases. Just before the end of this year belong to the company and get permission to CO 2 emissions, the cost of which can be assessed as well. 120 million UAH. After December 31, irretrievably lost. This is a big amount on a background of 650 million rubles, because as estimated, the volume of investments in unit with a capacity of 120 MWe and 90 MWt.