What goes on in Poland on the 19th of February.
Nuclear energy is feared in Belarus, but there won’t be another Chernobyl
For many years numerous experts have been concerned about Belarus’s plans to build a nuclear power plant. Safety issues as well as the political impact of the investment on countries in the CEE region are at the top of the list. However, in retrospect it looks like this is yet another project that will not meet its expected and ambitious goals – writes Mariusz Marszałkowski, editor at BiznesAlert.pl
Polish Briefing: Rail reconstruction will increase the profitability of Mazeikiai Refinery
What goes on in Poland on the 17th of February.
Polish Briefing: Energa and Enea decided to suspend financing the Ostrołęka C project
What goes on in Poland on the 14th of February.
Coronavirus market dip (ANALYSIS)
The economic consequences of China’s growing isolation caused by the coronavirus are becoming more severe by the day. Russia will earn less from oil exports, Poland will buy it cheaper and LNG prices will drop. Nobody knows how long this will continue – writes Wojciech Jakóbik, editor in chief at BiznesAlert.pl.
Polish Briefing: Energy transition has to be technologically neutral, says the minister of climate
What goes on in Poland on the 13th of February.
PGNiG teamed up with another partner to accelerate startups
Polish Oil and Gas Company (PGNiG) will use the services of HugeTECH’s IDEA Global accelerator. The cooperation will allow for the search and selection of startups whose innovative projects can be applied in the PGNiG Group. The undertaking is implemented as part of the second edition of the government’s Scale Up program.
PKN Orlen to optimise oil refining
As previously announced, PKN ORLEN is expanding its production assets to enable more efficient use of feedstocks. To that end, a new visbreaking unit, of key importance to the Company’s refinery in Płock, will be built to increase the yield of light products: gasoline and diesel oil. The project worth approximately PLN 1bn is planned to start commercial operation by the end of 2022. It is expected to add up to PLN 415m to PKN ORLEN’s annual EBITDA. Once all investment projects currently underway at the refinery are completed after 2022, annual EBITDA is estimated to grow by over PLN 600m in total.
Energy prices will increase if Poland stops importing cheap coal
Jacek Sasin Deputy Prime Minister and Minister of State Assets told the RMP FM radio station that state-owned companies will no longer import coal. This decision may make it harder to purchase cheap coal, which will in turn increase costs of energy production – writes Bartłomiej Sawicki, editor at BiznesAlert.pl.
Polish Briefing: Coal or gas for Ostrołęka? Decision to be made soon
What goes on in Poland on the 12th of February.