Polish companies look likely to buy Fortnum’s Polish heat and power assets
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Combustion Industry News Editor
Finland’s Fortnum has received interest from various companies as it looks for buyers for its district heating assets in Poland and the Baltic states, as the company attempts to streamline its business, according to Reuters. For the Polish assets, the country’s biggest energy group, PGE, and gas company PGNiG have already submitted an initial bid in conjunction with two state-owned investment companies, although PGE and PGNiG now intend to pursue the deal without the latter. Also in the running are a number of foreign companies, although it appears that PGE and PGNiG are considered favourites to win the bidding, being local and having the support of Poland’s government. The assets cover five cities and two multi-fuel combined heat and power plants, with Fortnum having sold 3.3 TWh of heat and 0.6 TWh of power in 2019. Both PGE and PGNiG plan to convert the systems to fire gas rather than coal.