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27 Sep 2024

PGE to shut coal units at Rybnik power plant by end of 2025

27 Sep 2024  by reuters   


PGE logo is seen on Belchatow Power Station, Europe's largest coal-fired power plant powered by lignite, operated by Polish utility PGE, in Rogowiec, Poland, November 22, 2023. REUTERS/Kacper Pempel/File Photo Purchase Licensing Rights
Poland's biggest power utility PGE (PGE.WA), opens new tab plans to end production of electricity in the four remaining coal-fired units at its Rybnik power plant by the end of 2025, Polish Press Agency reported on Thursday, citing a company official.

The units, with a combined power capacity of 900 megawatts (MW), have capacity market contracts that run until the end of 2025.

Coal dominates Poland's electricity generation but state-controlled utilities are grappling with falling profitability of coal-fired generation as they expand their renewable capacity and face banks' reluctance to finance coal assets. PGE has already phased out four coal fired units at the Rybnik plant and plans to replace them with a 882 MW gas-fired unit that is set to be commissioned by the end of 2026.

PGE said in an emailed statement that it was implementing a decision that had been made in 2020.

It said that it had delayed the deadline for ending heat production at the coal-fired units until Aug. 31, 2026.

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