Węglokoks will receive PLN 50 million for the construction of a solar power plant on Huta Pokój

Polish coal company Węglokoks has signed an agreement with the National Fund for Environmental Protection and Water Management of Poland to borrow PLN 50 million from the National Recovery Plan. The funds will be used to build a solar power plant with energy storage on the territory of the Huta Pokój steel plant in Ruda Śląska, Strefa Biznesu reports.

According to Węglokoks spokesman Michal Lyczak, the investment is aimed at improving energy efficiency and reducing energy consumption from traditional sources. The new plant will be used to partially meet the energy needs of the companies belonging to the Węglokoks group. Details of the project will be disclosed later.

At the same time, Węglokoks continues the process of restructuring its steelmaking facilities. On Friday, it signed a restructuring agreement with Huta Pokój Profile and Huta Pokój Konstrukcje. The agreement is aimed at improving the financial situation of both plants, simplifying management and preparing them for future investments. The restructuring plan includes cost optimization, asset reorganization and debt reduction, as well as investments in infrastructure modernization and expansion of production capacity.

Węglokoks owns an 80% stake in Huta Pokój Konstrukcje and a 16.55% stake in Huta Pokój. The company emphasizes that the changes are developmental and do not involve mass layoffs. Another restructuring agreement with Huta Pokój SA is planned to be signed in the near future. This will allow the companies to implement their planned investments and develop modern technologies, supporting sustainable development.

As GMK Center reported earlier, Węglokoks is interested in restoring the operations of troubled steelmaking companies in Poland. In particular, in early February, the company, as a tenant, reached a key milestone in the restoration of Huta Częstochowa’s operations by launching production at the plate mill (Walcownia Blach Grubych). This was the last step towards the company reaching full capacity after more than a year of downtime.

In addition, the possibility of cooperation between Huta Częstochowa and the liquidated Rurexpol pipe-rolling plant is being explored. The plant used to be part of Huta Częstochowa, which provided it with a competitive advantage due to shared resources and its own raw material procurement. Rurexpol specialized in the production of drill pipes, which are in high demand on the market.