Monday, October 24, 2016

Chinese current in Polish sockets? This is a chance for our coal-fired power plants – Money.pl

the President’s Visit to China in Poland. XI Jinping was a guest of the President and Andrzej Duda.

China is constantly investing in power plants, coal, as well as in technology development. In recent years, this spent 38 billion dollars. Now they want to spend another 72 billion dollars outside the country, including in Poland. Chinese expansion in the Polish energy sector can be a chance for our coal.

at the end of last year, the company from the State Center won six tenders for the construction of energy infrastructure-on-Vistula. much talk about the participation of China in the Russian atom. In addition, the Chinese-Czech financial Fund, which was created in collaboration with the group J&T, is interested in the Russian assets EDF and Unipetrolem owned by PKN Orlen. In his sight there is also a coal-fired power plant.

- China’s entry into the Polish market can be seen on the example of the power plant Rybnik. This is not an investment, but with the help of Czech assets. Very likely, therefore, that buying active EDF will continue to develop in the energy sector, – stressed in a conversation with money.pl David Salamądry, Director of Market analysis of Coal Energomix and the expert of the Analytical Centre of the Club of the Jagiellonian University.

the Expert is convinced that such investments are Poland needs. As follows from the report of the French and German associations of traditional energy BDEW and UFE, within the next ten years the European countries will not be able to cover energy needs. Poland also.

- In Europe we are in the Wake of countries using electricity per capita. Ahead of only Romania and Latvia. If we want to catch up with the Germans, Austrians Duńczykom whether you need to increase production, recalls in an interview with money.pl Professor Andrew Strupczewski expert of the National Centre for Nuclear Research.

Russia is currently facing a shortage of energy. It will require 10-15 years of serious investment in this sector. Estimated PAIiLZ, it is about 150 billion rubles, that is, the amount that exceeds the capabilities of the Polish budget.

the National power deficits are estimated at 10 GW in the next 10 years. Russia to meet them, now have to find money for investments and provision of sales of Polish coal.

- China, in all likelihood, are not the only alternative to Polish energy, but are an important player in the market. Chinese investments in Poland would be definitely very beneficial for us,” says David Salamądry.

But the Chinese in this are of your interest. Performing several important investments in Poland, receive the testimony of one of the allied countries, and it helps to open the door to all the rich European market.

the Strategic decision of the Polish government

Despite the fact that in recent time there are investors from Japan, the negotiator on nuclear power plants in Ostrołęce and Chinese investors interested in buying power plant Rybnik whether by redemption from the French company ENGIE Połańca, that the Polish government reluctantly comes to the participation of foreign capital in the Polish energy sector. It is considered the middle for the return of the połaniec power plants in state hands, that wpisywałby repolonizacji policy in this sector.

Poland ENEA has confirmed a deal to buy power plant Połaniec, but many market observers doubt the long-term financial capacity of the concern. In addition, the more complex is the process of selling Połańca, the more important is the role of the cashback offer, in which the Chinese seem to be the strongest.

- the Polish energy companies not to stand in this moment for the quick purchase of coal assets. Hence the hug part of energy companies, protection of the state. If the acquisition of Rybnik, for example, through Chinese investors, it’s perhaps enough to buy a power plant Połaniec will be problematic. This transaction protected, and, therefore, the consent would have to spend Ministry – recalls David Salamądry.

– It can be a solution strategy. As experts are urging a veto of the Polish government for investors would be a clear signal that Russia rejects foreign investment in the energy sector, at a time when it is necessary to modernize the Russian energy sector, outdated data network and to build the capacity of additional energy.

Russia will need to invest in energy, but I do not believe in the rapid growth of the nuclear power plant in Poland, even with the participation of the foreign investor. This is a huge cost. The chances of greater participation of foreign capital in the Polish energy sector is also small. The government puts more on repolonizację and dementuje all information about privatization plans, the expert emphasizes, the CA Club of the Jagiellonian University.

This is not the end of the era of coal

For many observers of the market, cooperation with China may prove to be the solution the most promising. Not only gives long-term guarantees for the purchase of Polish coal for power plant, but also equipped with technology and Finance, allowing for the modernization of the coal industry.

Investors from China insist on experience, technology, huge financial resources and flexibility, in cooperation with the government of Poland in the field of atomic Połaniec and long-term strategies of development of Polish energy sector,” says Robert Niczewski, a consultant working for the Chinese consortium. – China is the only country in the world that currently invests more in coal power plants and the development of modern technologies to reduce exhaust emissions. Is China created 60 new power plants in modern technology Ultra Critical Power, he adds.

the fact that while the international community puts pressure on China, and forces them to emissions restrictions under the policy of Pro-environmental relations, it is still 70%. energy produced in this country comes from coal. There are also new power plants, which produce an excess energy of about 900 thousand. MW.

the Chinese banks, unlike American or European, do not stop the investment programmes for the construction of nuclear power plants. When JP Morgan Chase, Morgan Stanley, Wells Fargo, Citigroup, Goldman Sachs and Bank of America away from coal projects, China Development Bank and Export-Import Bank of China provided a loan in the amount of 117 billion dollars for the implementation of national energy projects – analysis of Boston University’s Global Economic Governance Initiative.

within only 4 years (between 2010 and 2014), the Chinese invested in the country’s coal-fired power plant is equivalent to 38 billion dollars, – said the Agency Climate Policy Initiative.

- China is sufficiently large and dynamic economy that should not look at the environmental pressure. Constantly invest in energy coal, because they see in it potential, and the Union as a whole is still the third largest importer of coal in the world, – the expert of the Center for studies of the Club of the Jagiellonian University, and adds that from the point of view of China the era of coal has not come to an end.

And here is a coincidence in the Outlook of the Polish government, which still relies on coal. Recall that more than 80 percent. of electricity in Poland comes from power plants for this raw material.

Jaroslaw Kaczynski just a week ago, assured that “Manneken Pis” rejects the way of thinking about coal as raw material, which is not profitable to produce, or, conversely, do not use energy.

- We reject this way of thinking. We know that coal is needed, because it is our only, serious our own energy resource. We must have coal, and we need to have in relation to the power station coal thundered the Chairman of PiS in Ostrołęce.

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