Market Report, "Poland Power Report Q4 2012", Published

New Energy research report from Business Monitor International is now available from Fast Market Research

by Bill Thompson

(WireNews+Co) - Boston, MA - 15 October 2012

BMI View: Our latest Poland power report, which now excludes a breakdown of electricity generated from non-hydro renewable sources, shows that coal will continue to play a central role in Poland's energy mix. With several projects in the pipeline, including plans for two 900MW power stations in Opole, a 900MW plant in southern Poland and fertiliser producer Pulawy's plans to launch a tender for a gas- or coal-fired power station in Q312, fossil fuels will continue to meet the large majority of Poland's energy requirements. This strategy has produced a mixed reaction from the EC: while it approved Poland's request to continue receiving free carbon emissions allowances in July 2012, the EC will not allow Poland to use these allowances to build new power plants.

View Full Report Details and Table of Contents (http://www.fastmr.com/prod/451351_poland_power_report_q4_2012.aspx) (http://www.fastmr.com/prod/451351_poland_power_report_q4_2012.aspx)

In our revised quarterly power report, which now excludes a breakdown of energy generated by nonhydro renewable projects, BMI calculates that energy generation in Poland stood at 142.8 terawatt hours (TWh) in 2011, and forecasts that it will grow by just 0.2% in 2012 to 143.1TWh. A stable population, the economic crisis facing the eurozone and improved energy efficiency measures will keep energy generation growth to a minimum. BMI forecasts average annual growth of 2.0% between 2012 and 2021.

While Poland's potential reserves of shale gas have sparked international investment - in July 2012, five Polish firms signed an agreement to collaboration on shale gas exploration and extraction - coal will continue to be the source of the majority of energy generation in the country. BMI forecasts that natural gas energy generation will post an average annual growth rate of 14.1% between 2012 and 2021, with much of this growth to stem from the 900 megawatt (MW) gas-fired power plant in Grudziadz. Poland also has nuclear ambitions, with a 3GW nuclear power plant planned for 2020, at the earliest.

The key developments in Poland's power sector are:

- A consortium headed by Polish company Polimex-Mostostal and Japan's Hitachi Power secured a contract for the construction of a coal-fired unit in Poland in May 2012.
- Pulawy, a Polish producer of fertiliser, announced plans to launch a tender in Q312 for the construction of an 840MW thermal power plant; Pulawy holds a 50% share in the venture, with utility PGE holding the remaining 50%.
- State-controlled utility Tauron and state-run mining firm KGHM Polska Miedz revealed they will take a minority stake in the construction of Poland's first nuclear power plant, which will be run by PGE. In June 2012, PGE delayed the launch of the tender for the supply of technology for the power plant due to financial concerns.

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