That PAK on the road to a big change
Last block on coal The brown Pątnów Power Plant is to be turned off in a year – at the turn of the first and second quarters of 2026. This is what the president from PAK Piotr Woźny wrote in a letter to the shareholders attached to the annual result of the company. This last block is at the same time the most effective, with a power of 474 MW, moreover, last year it has been modernized to correspond to EU conclusions WHIP (Best Available Techniques – the best available techniques). Last year, Pątnów expired three other energy blocks for coal with a total power of 644 MW. The last brown coal explorer in Wielkopolska – Tomisławice was still last exploited. Her mining activities will also be suspended in a year.
What does it do with PAK?
Z PAK (Pątnów-ADAMÓW-KONIN Power Plant Complex) is a capital group, which includes three heat farms for brown coal and biomass, as well as the Konin brown coal mine and a number of subsidiaries, including those dealing with “clean” energy (he builds e.g. photovoltaic farms). That Pak also wanted to enter the atom, together with PGE They established the company PGE PAK Energia Nuclear (50 % of shares), which is to prepare the construction of a nuclear power plant in Konin (PGE talks with PAK about taking control of this company).
What next?
In a letter to shareholders, Piotr Woźny also reminds that PAK is working on a new investment project, the largest in the group – the construction of a gas block (CCGT) class 600 MW. This block will be built at the closed Power Plant for Brown Carbon Adamów. Late April It was reported that the subsidiary signed a contract for. loan up to PLN 600 million for this purpose.
Results weaker than a year ago
The report for 2024 shows that sales revenues amounted to PLN 2.18 billion (PLN 3.1 billion in 2023), and net profit dropped to PLN 262.9 million from PLN 745.1 million a year earlier.
Billionaire company
That PAK is a company listed on the Warsaw Stock Exchange. The largest shareholder is Zygmunt Solorz, one of the richest Poles. In the last ranking prepared by the Forbes magazine he was in fifth place with property estimated at PLN 8.41 billion. Solorz has 65.96 percent shares in the PAK, the remaining shareholders are OFE.
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Sources: Report with PAK, “Republic”