Tuesday 16 December 2014
Poland and Ukraine: ambitious plans of co-operation
Jan
Kulczyk, Polish millionaire leading energy company Polenergia, has very ambitious plans of co-operation with Ukraine. He plans to build a pipeline
enabling transportation of gas to Ukraine from Western Europe and a grid that
would transport electricity from Ukraine elsewhere.
The potential for profit
is large, as Ukraine has 40 percent excess capacity in energy production. “ Allowing deliveries to the West could be a
great opportunity for the EU, where energy prices are now 2.5 times higher than
in the United States” - said in an interview with
"Rzeczpospolita" Jan Kulczyk, Chairman of the Board of Kulczyk
Investments, which includes Polenergia.
The biggest potential of
Ukraine lays in its nuclear power plants that can generate electricity cheaper
and more effectively than any other technology at the moment.
 |
| Ukraine: location of nuclear power plants |
In the same time,
conflict with Russia puts Ukraine in difficult position. There is no certainty
of gas supply, therefore country’s energy security is at stake. Proposed
solution could solve many problems at the same time and be very beneficial for
both: EU and Ukraine. Furthermore, such investment would strongly express
Ukraine’s desire to familiarize with the European Union rather than Russia.
In the project of
construction pipeline to transport gas from EU to Ukraine, Polenergia wants to
pursue an investment with Ukrainian Naftogaz. Today, Ukraine buys relatively
small amount of gas from the EU, which are delivered using, inter alia, Polish
gas pipelines.
Polenergia argues that
the project creates new prospects for the built LNG terminal in Swinoujscie, as
the Ukrainians do not hide their interest in big aounts of gas to be imported. The
project cost is estimated at 440 - 460 million zloty (approx. 100-120 million
euro). In this framework, the company wants to build a natural gas pipeline
that will connect the German gas networks in and around Berlin by the
Polish-German border to the Polish gas network in the area of Swinoujscie. The
second pipeline would run from Drozdowicz on the Polish-Ukrainian gas network
in the vicinity of the Ukrainian underground gas storage Bilcza-Wolica. This
magazine can hold 17 billion cubic meters. gas.
Articles:
http://biznes.onet.pl/wiadomosci/energetyka/jan-kulczyk-chce-importowac-prad-z-ukrainy/tvkt7
Polenergia – official website:
http://www.pepsa.com.pl/pl
Nuclear power plants picture:
Jan Kulczyk picture:
http://www.forbes.pl/g/i.aspx/1200/0/forbes/634971341097683050.jpg
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