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  • Puławy Power Plant

    PUŁAWY POWER PLANT – THE COMPANY BELONGING TO GRUPA AZOTY The Management Board of Grupa Azoty...

Puławy Power Plant

PUŁAWY POWER PLANT – THE COMPANY BELONGING TO GRUPA AZOTY

The Management Board of Grupa Azoty Zakłady Azotowe S.A. announced in the Current Report No. 29/2014 of December 23rd 2014 that following the Agreement on the termination of  the Agreement with PGE Górnictwo i Energetyka Konwencjonalna S.A. on joint venture concluded on May 31st 2011 concerning the realization of Puławy Power Plant Project,  on December 23rd 2014 Grupa Azoty Zakłady Azotowe S.A. purchased 11.074  shares in Puławy Power Plant  for the total price of PLN 16.395.535.91 from  PGE GiEK with the effect that Grupa Azoty Puławy will posses 100 % shares and votes in Puławy Power Plant at the shareholders meeting. Earlier on December 4th 2014 Grupa Azoty Puławy  informed about the nullification of the tender for the selection of general contractor for Puławy Power Plant  and announced that it considered possibilities of the continuation of energy project  in another variant.

 

A NEW FORMAT OF PUŁAWY POWER PLANT

The  Management Board of Grupa Azoty Zakłady Azotowe S.A. announced in the  Stock Report No. 21/2015 that on May 25th  the Supervisory Board of  Grupa Azoty Puławy granted consent for the realization of investment – the construction of  combined cycle (gas-steam) power plant  400 MWe.

The decision on the construction of combined cycle (gas-steam) power plant  is the continuation of Puławy Power Plant Project in the new formula (Grupa Azoty Puławy informed about its analyses in Current Report No. 26/2014 of December 4th 2014). The realization of the above mentioned investment is driven by the need to ensure reliability of supply of heat and energy with having to incur high costs for the modernization of  heat and power plant and by the increased demand of Grupa Azoty Puławy  for  these utilities . The project will be realized with the participation of SPV – Elektrownia Puławy sp z o.o. Surplus energy will be sold on the market. The planned budget of the project amounts to PLN 1.125.000.00. The expected project completion date: 2019.

  • Experience in gas purchase – the biggest individual consumer of natural gas in Poland – about 1 mld m3 annually 
  • Guarantee of availability of appropriate amount and quality of natural gas in this project location - usage of infrastructure and experience of PUŁAWY
  • The company has financial possibilities that guarantee appropriate realization of the investment

 

 

  • Synergies coming from coexistence of the modern power plant and the big chemical complex
  • Natural gas is the source of energy and heat ,it is also the natural resource preferred by the European Union

Contact

Company’s address:

Elektrownia Puławy Sp. z o.o.
ul. Komunalna 24
24-100 Puławy, Poland
phone +48 81 8867236
This email address is being protected from spambots. You need JavaScript enabled to view it.

 

DISTRICT COURT LUBLIN – EAST IN LUBLIN LOCATED IN ŚWIDNIK, VIth COMMERCIAL DEPARTMENT
KRS (National Court Register) 0000140192, NIP (Tax Identification Number) 716-25-73-965, REGON (National Business Registry Number) 432532538,
SHARE CAPITAL PLN 22 148 000,00

(twenty two million one hundred fourty eight thousand) – FULLY PAID-UP

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