Briefly: Two independent reports on Poland’s planned Ostrołęka C will be released today by our Polish colleagues. The reports were developed by scholars and professionals of the power industry, and present a risk analysis, a critique of the investment analysis and environmental issues, and alternative solutions for the Polish energy sector. This is a clear signal for stockholders of Energa and Enea companies that investing in Ostrołęka C is irrational in business terms.
Experts are warning investors that they will be gambling with terrible odds if they support the planned Ostrołęka C coal power plant in Poland, as the plant is not only facing huge cost overruns for it to meet emissions rules before construction has even begun; but it will also be competing with lower-cost renewables in a power market which does not guarantee it funding.
Ostrołęka C also makes absolutely no sense for workers, as investing in renewable energy rather than a new coal plant will create at least 45% more jobs in the region.
Analysis of this project shows that investing in new coal in Poland will be a total waste of money that creates far more problems than benefits. It will lead to a significant rise is health problems for people and healthcare costs for the state, it will create fewer jobs than clean, renewable alternatives, and it will leave investors will a high risk of being stuck with a stranded asset.
Reports: The risk analysis related to the Ostrołęka c power plant development & Ostrołęka c – the investment rationale, and why is the project not rational at all
“The Ostrołęka C power plant is an entirely irrational project in the context of the global transformation of the power industry. It will also damage chances for the real development of this region” – prof. Jan Popczyk of the Silesian University of Technology
Experts are warning investors that they will be gambling with terrible odds if they place their bets on Poland’s planned new Ostrołęka C #coal plant, calling it “financially irrational” (and that’s putting it lightly!) [WEBSITE LINK] [GRAPHIC]
Investing in renewables instead of the new Ostrołęka C #coal plant in Poland will result in 45%-1200% more jobs. New coal will be a disaster for Poland, for its workers, for community health, and for investors. [WEBSITE LINK] [GRAPHIC]
Radosław Ślusarczyk, Workshop for All Beings Organization, tel. 660 538 329; e-mail: firstname.lastname@example.org
Robert Wawręty, Society for Earth, tel. 508 585 130, e-mail: email@example.com
Report:Jan Popczyk, Kzysztof Budzek
Report: Michał Hetmański, Filip Piasecki