Bloomberg News

Polish PGNiG Aims at 1300 Megawatts of Gas-Fired Power Capacity

June 30, 2011

June 30 (Bloomberg) -- Polskie Gornictwo Naftowe i Gazownictwo SA, Poland’s dominant gas company, plans to gain 1,300 megawatts of gas-fired power capacity, half through new construction and half by acquisition, Deputy Chief Executive Officer Radoslaw Dudzinski said today at a news conference in Warsaw.

About 3,000 megawatts of gas-fired power capacity will be installed in Poland over the “next few years,” which could increase annual gas consumption by about 3.5 billion cubic meters, said Gornictwo’s Chief Executive Officer Michal Szubski, who was also present at the briefing. Gornictwo is negotiating with Russia’s OAO Gazprom on constructing a 200-megawatt gas- fired unit.

To contact the reporter on this story: Marek Strzelecki in Warsaw at mstrzelecki1@bloomberg.net

To contact the editor responsible for this story: David McQuaid at dmcquaid1@bloomberg.net


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