Project number:


Business sector:


Notice type:


Environmental category:


Approval date:

10 Feb 2004



PSD disclosed:

01 Jul 2003

Project Description

The project is designed to assist PKP Energetyka to achieve cost savings in operating costs and maintenance expenditure by financing two control and metering centres and the procurement of catenary maintenance vehicles.

Transition Impact

  • Expansion of competitive/market interactions in the sector: The proposed investment into remote power control will enable the Company to take advantage of the liberalisation of the Polish electricity market by allowing outsourcing to cheapest suppliers;
  • Contribution to market-based conduct and skills: Impacts include (a) transfer and dispersion of skills in the areas of business planning and procurement; (b) a strong demonstration effect in delivery and cost-enhancing technology which can be replicated in subsequent capital investment projects; and (c) setting standards for corporate governance and business conduct;
  • Contribution to the institutions and policies that support markets: EBRD has been involved with the Polish Railways sector since 1996. The Bank has been a strong advocate and subsequently active supporter of the railway reform programme and the railway sector has benefited to date from two EBRD-funded institutional strengthening loans for labour restructuring and financial restructuring. The reform programme has resulted in transforming the traditionally state-dominated enterprise into a commercially oriented holding group while EBRD, due to its long-term involvement in the sector, is now in a position to consider investing on market terms and conditions into commercially viable companies within PKP Group.

The Client

PKP Energetyka S.A., supplier and distributor of electricity to the Polish railway system; 100% owned by PKP S.A. - the Polish National Railway Holding Company, incorporated in Poland and wholly owned by the State of Poland. The new Group structure, including a holding company and 24 subsidiary companies was set up under the new Railway Restructuring and Privatisation Law of September 2000.

EBRD Finance

€15 million senior loan.

Project Cost

€18.2 million.

Environmental Impact

This project was screened in category B/0 requiring the preparation of an Environmental Analysis. The Analysis was prepared by independent consultants and submitted to the Bank and the sponsor for review. The analysis concluded and there would be no significant environmental impacts associated with the Bank's Investment. Care will nonetheless be taken to ensure that the procurement of goods and services will be in compliance with EU and national environmental requirements and that suppliers will exercise an acceptable level of environmental performance throughout their activities.

Technical Cooperation


Business opportunities

For business opportunities or procurement, contact the client company.

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Text of the PIP

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