Polish energy holding company Tauron and fuel giant PKN Orlen have joined forces to build the first combined heat and power plant project in the Czech Republic.
Tauron will make the required capital outlays and operate the facility while Orlen will contribute the land for the investment.
“In order to ensure energy security, we are looking at projects that diversify our power sources,” said Filip Grzegorczyk, Taruron’s president. “The cooperation of two leading Polish corporations in energy projects is part of the government’s strategy for responsible development. Through managing the electricity in the Czech Republic, we are interested in having a modern and energy-efficient production source on this market.”
The plant would have a 50-100 MW heat production capacity while its electricity production capacity is yet to be determined.
“The development of Polish assets in the Central and Eastern Europe region is important to us,” commented said Daniel Obajtek, PKN Orlen’s President. “The assumptions of the letter of intent are part of this policy, especially as we are analysing investment opportunities in the field of new chemical technologies and production installations in the Czech Republic. An important criterion for the implementation of these investment projects is to provide access to energy sources at the most attractive price.”