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Moody's: Poland's coal-dominated fuel mix expected to remain unchanged until 2021
20 July 2016 , 12:48Neftegaz.RU707
The economy in Poland is likely to remain driven by coal power with few changes in the energy mix expected before the end of the decade, a ratings agency Moody´s said on July 19, 2016.
Moody's notes that the existing framework provides little support for generators, with no major changes expected before 2021," the ratings agency said in a country profile.
In June, the European Commission offered more than $150 million in grants to support the development of energy infrastructure projects in Central and Southeastern Europe.
With few tapped reserves of its own, Poland imports most of its oil and natural gas from Russia.
Moody's Investors Service said from London that utility companies in Poland are less diverse than their European counterparts, though their credit profiles remain in good shape.
Cash flows in an era of lower energy prices, however, means diversification may be cost prohibitive.
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