enron europe emerging europe enron plugs poland power market vast vicek sadzilem ze moze bedziesz chcial przeczytac pozdrowienia jarek forwarded jarek astramowicz war ect 2000 04 17 17 15 iona maclean 2000 04 13 08 23 jackie gentle lon ect ect eric shaw lon ect ect jarek astramowicz war ect ect brian stanley eu enron enron philip davies lon ect ect ed cattigan eu enron enron nigel beresford eu enron enron andrew morrison lon ect ect cc subject enron europe emerging europe enron plugs poland power market vast forwarded iona maclean lon ect 13 04 2000 07 23 enron capital trade resources corp djcustomclips djinteractive com 13 04 2000 07 30 please respond nobody maill djnr com 96939 mailman enron com cc bcc iona maclean lon ect subject enron europe emerging europe enron plugs poland power market vast emerging europe enron plugs poland power market vast potential holds allure uncertain future six years profit company power operations remains years away elizabeth williamson 04 13 2000 wall street journal europe 9 copyright c 2000 dow jones company inc nowa sarzyna poland small power plant humming among birches near ukrainian border enron corp staked claim polish energy market yet six years company still seeking mother lode houston based energy producer trader entered poland 1994 nabbed one first power trading licenses go foreign company began work elektrocieplownie nowa sarzyna poland first new foreign operated heat power plant companies followed including electricite de france rwe ag germany vattenfall ab sweden tractebel sa belgium prize could rich one companies hope profit poland sells state energy assets frees prices joining european union wholesale power bourse due open warsaw july country transmission links markets east west could make poland power trading hub central europe six years poland enron yet earn profit net income nowa sarzyna begin commercial production later month least five years away power trading operations might generate profits next year new bourse gets moving one big question mark says jarek astramowicz enron poland president indeed despite promise poland energy sector remains sizzling tangle aging plants archaic market agreements complex shifting regulations enron 40 billion 41 69 billion euros annual revenue innovator investment bellwether peers power market negatively charged poland company also example shaky market conditions keep even savviest competitors offline large operations extent bear risks says pawel kaminski energy sector operations officer world bank warsaw eventually generate return enron pioneered wholesale gas electricity trading u entered europe 1989 setting london u k energy sector liberalized entered nordic market 1996 today nord pool largest volume trader enron says takes two years find site obtain permits power plant 29 months construction four years entering u k enron finished 1 875 megawatt teesside plant teesside capacity cost gbp 795 million 1 32 billion euros many times larger nowa sarzyna yet teesside completed two thirds time company declines compare development times various countries necessarily put poland category russia says philip davies regulatory government affairs manager enron europe london obviously given poland planned economy past probably takes bit longer work regulatory process get starting point nowa sarzyna took enron nearly twice usual time reach starting point even though mr astramowicz already knew site polish power industry rules nowa sarzyna plant mr astramowicz brainchild burned engine first bmw traveled warsaw town craft deal freelance energy sector entrepreneur joining enron mr astramowicz sold interest nowa sarzyna enron 1998 enron spent 132 million build nowa sarzyna 116 megawatt gas fired combined heat power plant quiet clean efficient plant stands stark contrast poland belching coal fired behemoths starts month sell electricity polish power grid country high voltage network 20 year power purchase agreement ppa enron 1997 steam output goes organika chemical company next door helps heat town nowa sarzyna nowa sarzyna plant 80 financed commercial bank loans collateral plant concluded contracts betting good name says michael davies partner allen overy warsaw law firm advised enron poland lenders pushing envelopes time especially true market 30 overcapacity energy law even exist 1997 says peter bisztyga emerging europe utilities analyst solomon smith barney london enron signed ppa ok really sure building nowa sarzyna good idea mr bisztyga says enron could generated faster return renovating existing power plant acknowledges nowa sarzyna allowed enron get polish market early stamp name 1994 polish power plants sale energy asset privatization discussed years began earnest year 2002 polish government proposes sell stakes dozens power plants 33 distribution companies polish power grid 12 000 kilometer national transmission network high voltage lines assets total book value 33 billion zlotys 8 4 billion euros murky regulations driven prices regulations promote competition really know price electricity says bengt wegemo president vattenfall poland earlier year vattenfall paid 235 million 55 warsaw based elektrocieplownie warszawskie promising 340 million investment heat power plant next 10 years investors hope new power market bring clarity pricing ultimately 170 licensed energy traders 200 large power users trade bourse setting wholesale price electricity polish bourse modeled nordic counterpart enron nord pool largest trader hopes post polish trading profits 2001 first say market experts poland 1997 energy law must amended ease functioning bourse free access poland distribution network government says must solve competition problem posed polish power grid power purchase agreements account 70 energy sales poland state owned plants used agreements collateral secure modernization financing prices freed plants might go bankrupt forced compete plants spend money modernize government contemplating special fund compensate modernized plants extra costs though nowa sarzyna private plant price enron must charge power twice outmoded plants charge hoping continuous efficient operation plant generate us bigger profit mr astramowicz says another problem cross border power trading contradictory legislation essentially gives monopoly polish power grid also known pse enron others protest pse compete electricity market participants contract transmission service pse intends stay trading business says marek zerka pse vice president late march pse local company kulczyk holding signed agreement preussenelektra ag germany export electricity coal eu countries via germany great news mr astramowicz says joint venture gets access pse cross border transmission capacity would expect pse confirm open access market participants enron others pushing hard access soon market becomes open free non discriminatory come decent profit mr astramowicz says folder name enron europe relevance score scale 100 78 review revise 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