DEVELOPMENT PROSPECTS

In 2020, the PGNiG TERMIKA Group will continue work on its projects, including the CCGT unit at the Żerań CHP plant, the CCGT unit at the Stalowa Wola CHP plant, construction of a peak-load boiler house at the Żerań CHP plant, construction of a 75 MWe multi-fuel unit at the Siekierki CHP plant, and preparatory work preceding construction of a CCGT unit at the Siekierki CHP plant.

Capital expenditure planned for 2020 in the area of environmental initiatives will include a programme to adapt fluidised boilers at the Żerań CHP plant to the BAT Conclusions, adaptation of the Kawęczyn heat plant to the BAT Conclusions, a programme to adapt Emitter 5 at the Siekierki CHP plant to new dust emission requirements (the programme covers the construction of a bag filter on the K11 boiler and upgrade of absorbers 1 and 2), construction of an SCR unit for the K16 boiler at the Siekierki CHP plant, and upgrade of the Pruszków CHP plant.

In December 2018, the Act on the Promotion of Electricity from High-Efficiency Cogeneration was enacted, and the entry into force of its provisions along with a secondary legislation package will allow PGNiG TERMIKA to apply for participation in a new support system that will replace the existing one, based on certificates of origin and described in the Energy Law. The applications will be filed with respect to the planned new gas-fired units of the PGNiG TERMIKA Group. Following implementation of the capacity market system, additional revenue has been secured for 2021–2037 as a result of the auctions.

PGNiG TERMIKA EP will focus its efforts on maintaining the position of a major producer and main supplier of heat in the region, and will also seek to reinforce its leading position in Poland with respect to the commercial use of methane in cogeneration systems. The tasks that the company will face in 2020 include further implementation of the project to secure heat supplies to the city of Rybnik, and the task related to the combination of the Zofiówka and Pniówek CHP plants’ heating systems.

The key challenges to the PGNiG TERMIKA Group’s strategic plans include:

• implementing an investment plan that will ensure compliance of generation assets with current and future environmental requirements;
• increasing heat sales and distribution volumes by acquiring district heating assets and expanding generation business across Poland;
• increasing electricity sales volume by implementing investment projects aimed at building new, cost-effective generation capacities and upgrading the existing sources with the use of low-emission technologies;
• delivering EBITDAear­nings be­fo­re in­te­rest, ta­xes, de­pre­cia­tion and amor­ti­za­tion of PLN 1bn in 2022.