JSW will invest in the capture and processing of methane and renewable energy sources

Jastrzębska Spółka Węglowa will use the funds from the SLL loan for methane capture and processing installations and renewable energy sources, announced Robert Ostrowski, vice-president of the company. The company concluded a financing agreement in the sustainability-linked loan (SLL) formula with eight financial institutions for a total amount of PLN 1,650 million.

“The funds from the financing will be used to reduce methane emissions, including the installation of methane engines in individual mines. This is already happening, it’s just a matter of launching the investment processes,’ said Ostrowski during a press conference.

Tomasz Cudny, the company’s president, informed that the goal is to increase methane capture to the level of 50% and use the captured methane in at least 95%.

“We have a path for reducing methane emissions and we will be accountable to financial institutions for its implementation every year” – added Ostrowski.

He also announced investments in his own renewable energy sources, although he did not rule out taking over photovoltaic farms.

“We are at the stage of technical analyzes of the construction of photovoltaic farms in our areas. We have a preliminary report with such an analysis. Our plan assumes the construction of wind farms with a capacity of approx. 80 MWp,” he said.

He also informed that the company plans to sign a PPA (Power Purchase Agreement) with a supplier of energy from RES, which is to provide 20% of JSW’s energy needs.

The JSW Group is the largest producer of high-quality type 35 (hard) coking coal and a significant producer of coke in the European Union. The company has been listed on the Warsaw Stock Exchange since 2011.

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