Polish Privatization: A Power Generation Plant with Mines

The following power generation unit and accompanying mines are for sale in Poland.
The core business activity of KWB Adamów and KWB Konin is lignite and extraction of accompanying minerals. The core business activity of ZE PAK is energy and heat generation. ZE PAK SA delivers about 8.5 per cent of all electricity generated in Poland and is the second largest producer of electricity obtained from brown coal in this country. Its total installed generating capacity is 2512 MW. Its main power stations were built between 1958 and 1974, four generating units were refurbished recently and a new one added in 2007.

The total sales of ZE PAK was 11 529 053 165 MWh electricity and 2 216 082 GJ thermal energy in 2007 and its net profit was €10,812,872 or $14,819,524 (at 2010 exchange rates).

The joint price of the shares and the development conception of the investor shall be part of the negotiations. The deadline for submission of written responses is 15 March 2010 at 12:00 Warsaw Time.