Poland to take over coal assets from its utilities in 2022

WARSAW, - The Polish government will complete its takeover of coal assets from state-run utilities - PGE, Enea and Tauron in the second or third quarter of 2022, a draft document published by the state assets ministry said.

Poland generates most of its electricity from polluting coal, but under rising pressure from the European Union and with carbon emission costs surging, it has encouraged more investment in low emission sources.

The government plans to take over the coal assets owned by its utilities, except from hard coal mines, and then transfer them to a new state-owned company.