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Establishment of National Energy Security Agency on final straight, Polish Minister says

The establishment of Poland’s National Energy Security Agency is on the final straight, according to Polish Minister of State Assets Jacek Sasin (10 August).

The new government agency will aim to ensure Poland’s energy security during the energy transformation period, which extends until the completion of the country’s first fleet of nuclear power plants, Polish power company Enea has said in a press release.

“The establishment of NABE [National Energy Security Agency] will enable accelerating the transformation of the Polish power industry towards zero- and low-emission sources, while maintaining full energy security of the country. The process of establishing NABE is an unprecedented and the most comprehensive undertaking implemented in the Polish power sector due to its scale and a wide group of entities participating in it,” said Minister Sasin. 

Last week, representatives from Polish energy companies PGE (Polska Grupa Energetyczna), Tauron, Enea and Energa signed documents at the Ministry of State Assets, specifying the key conditions for selling their coal assets to the State Treasury, which will subsequently become part of the new agency. As a result, it will own existing coal-fired power plants and lignite mines.

As an entity fully owned by the State Treasury, the agency will operate under one of PGE’s subsidiaries PGE GiEK (Mining and Conventional Energy). PGE GiEK owns power plants in Bełchatów, Turów, Opole, and Rybnik, along with the Dolna Odra power plant, as well as two lignite mines in Bełchatów and Turów. PGE GiEK will expand to encompass subsidiaries of Enea, Tauron and Energa.

“The acquisition of coal-fired power plants by the State Treasury will relieve their current owners and enable them to raise capital for zero- and low-emission investments,” said Minister Sasin.

Prior to this initiative, Polish companies with coal assets faced barriers in attracting and raising funds from international investors for green energy investments.

“For Tauron, the separation of coal generation assets means a new investment opening and opportunities for the development of the most promising business areas. Further billions of zlotys will be able to go to the deepening of the Green Turn, i.e. the reconstruction of power grids, construction of new RES assets and energy storage facilities,” said Paweł Szczeszek, President of the Tauron Group. “We have to finance a 48 billion złotys [10.8 million euros] investment program in the horizon of 2030, half of which will be allocated to power grids. Already next year, investments in this area will reach a record-breaking 3 billion złotys [675 million euros].”

The National Energy Security Agency will be the largest electricity producer in Poland, responsible for around 50 per cent of power production and employing over 25,000 people.

The agency plans to focus on modernising and renovating the existing coal-powered power plants, however, it will not invest in expanding the current fleet.

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