Poland's PGE signs deals for construction of two gas-fired power plants

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Poland's state-controlled power utility PGE GPW:PGE signed on Wednesday deals with a consortium of Polimex Mostostal GPW:PXM and Siemens Energy XETR:ENR to build two 600-megawatt gas generators set to replace coal-fired units. The gas-fired power units will be built at PGE's sites in Rybnik in southern Poland and Gryfino in northwestern part of the country, as Poland's top utility gradually reduces its coal-fueled fleet. The Rybnik contract is worth 1.17 billion zlotys ($319.2 million) and 269.5 million euros ($313.9 million). The Gryfino contract is valued at 1.18 billion zlotys and 260.1 million euros. Commissioning by January 16, 2030 for Rybnik; by March 27, 2030 for Gryfino. 12-year service agreements each valued at 132 million euros in fixed fees and up to 20 million zlotys in compensations. Investment backed by 15-year deals to provide electricity at times when renewable generation is low. While coal still dominates Poland's electricity generation mix, its share is rapidly falling. PGE is already building a 882-MW gas unit in Rybnik, to be commissioned in 2027. In Gryfino, a 1366-MW gas-fired plant replaced coal units in 2024. ($1 = 3.6657 zlotys) ($1 = 0.8587 euros)

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