RWE considers bidding for Poland privatisations
Quote, Profile, Research, Stock Buzz), Europe's fifth-largest utility, may take part in the sell-off of state-owned power companies in Poland, the chief of RWE's Polish unit told Reuters.
The German utility would bid in a sale if it was able to obtain a majority in any potential target, said Filip Thon, the chief of RWE's business in the country.
"One condition for participating in the privatisation of companies such as Enea, Polska Grupa Energetyczna (PGE) and Tauron Polska Energia is that we are able to influence the company's business," Thon said in an interview.
"We are prepared to take a minority stake if there is the clear perspective to get a majority later," he said.
RWE has secured access to additional wind-power projects with 300 megawatts of generation capacity in Poland, taking the pipeline of projects to 500 megawatts in total, Thon said.
The company also plans to expand by building new power plants in the central European country and aims for a generation capacity of 2,000 megawatts to 3,000 megawatts by 2018, he said.
Thon reiterated RWE still aimed to build a second coal-fired power plant in addition to the 800 megawatt, coal-fired plant it planned to build with Poland's largest miner Kompania Weglowa and was interested "in principle" in gas-fired power production.
"We want to offer power not only in Warsaw but in the whole country in the future," he said। (Reporting by Tom Kaeckenhoff; Editing by Quentin Bryar)
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