Vattenfall Plans to Build New Coal Power Station in Poland
Energy giant Vattenfall has announced plans to build a coal-fired power station of at least 1,600 mw that should come online within the next seven years, the Warsaw Business Journal reported. The location for the plant has not yet been revealed. "We are still considering several locations in various parts of Poland," said Torbjörn Wahlborg, Vattenfall president. Environmental activists were outraged by the plans to build the coal powered plant, but Tomasz Chmal, an energy expert from the Sobieski Institute, was optimistic about the plan. He noted that investments in energy are needed and there is no viable alternative to coal at the moment. Currently, Vattenfall has a 10% share in the energy distribution market and a 4% share in the energy production market, but the firm wants to build up its share in the latter to some 15% over the next five years.