Following on from highly productive meetings in China last week, ECT Chief Executive Kos Galtos and Coldry Business Manager Ashley Moore flew into Warsaw, Poland for discussions with key decision-makers at ELBIS and PGE this week.
ECT announced its entry into the Eastern European lignite market earlier this year following the signing of an MoU with ELBIS, the engineering arm of Poland’s State-owned power generator, PGE.
The MoU set the framework for developing a business case around a demonstration-level deployment of the Coldry technology at PGE’s Belchatow facility 160 km south-west of Warsaw.
Following PGE’s recent internal reorganisation, we were met by an expanded group focused on progressing discussions. Team members from their Investment Planning Unit, Engineering service provider, ELBIS, the Be?chatów power station technical department, as well as the two mines servicing the power plant were present.
Progress to date on assembling the business case was reviewed, incorporating recent advancements made in ECT’s plant economics driven by the localisation work done with TinCom for the Victoria Coldry Project.
The PGE team are keen to continue collaborative development, signalling significant alignment with internal priorities in terms of the need for advanced coal drying solutions.
Further, ECT also committed to expanding our coal testing program to include the new mine soon taking over as the main supplier to BeÅ‚chatÃ³w, as well as the mines supporting PGE’s expanding Turow station.
Located in Bogatynia 530 km south-west of Warsaw, the Turow stations 2100 MW capacity supplies around 8% of Poland’s electricity needs while emitting around 13 million tonnes of CO2 each year (1.15t CO2/MWh).
We look forward to delivering on our next steps, as well as hosting PGE Executives for meetings in Australia and a visit to our pilot plant.
Ashley is returning to Australia to continue work on advancing opportunities in China, as well as continuing efforts for our Victorian Coldry project.
Kos is moving on to London to conduct discussions with various institutional investors regarding project development and the value of investment in Coldry plants around the globe before returning home next Tuesday to prepare ahead of Friday’s Annual General Meeting.