Bumech S.A. has submitted an offer to acquire newly issued shares of Capital Partners S.A., a WSE-listed company currently in liquidation.
Under the private subscription, the Silesian company is interested in purchasing 9,000,000 Series D shares of Capital Partners, which would allow it to take control of the company. The offer was made at an issue price of PLN 0.20 per share, amounting to a total value of PLN 1.8 million. Bumech’s first step would be to reverse the liquidation process and subsequently merge Capital Partners with a Bumech Group subsidiary—Modern Solutions for Environment sp. z o.o. (MSE). The target business will focus on the production and supply of utilities—electricity, heat, and water (a “multi-utility” model)—leveraging the potential of post-industrial sites and using sustainable energy sources and water resources.
“If our offer is accepted, Bumech would hold 50% of all Capital Partners shares and become its largest shareholder. The offer includes a detailed business model proposed for Capital Partners. Our main motivation for the entire process is the ability to access cheaper and diversified external financing for planned projects,”
emphasizes Michał Kończak, Vice-President of Bumech S.A. He adds:
“After taking operational control, our first goal will be to remove Capital Partners from liquidation and then merge it with our subsidiary Modern Solutions for Environment. The resulting entity will operate based on MSE’s resources and competencies.”
The key elements of the combined entity’s operations include building a hybrid water–heat–electricity supply system using former mining infrastructure in a multi-utility model. In the first phase, operations would rely on MSE’s existing assets and expertise, including a 17 MWt heating plant, a water treatment station (including potable water), the management of a CHP plant generating 9 MWe + 9 MWt, and an energy system.
The long-term objective is the production, storage, and distribution of electricity, heat, and water using post-industrial land and renewable or sustainable energy sources. This will be supported by planned and existing energy storage facilities (100 MWh) and RES production capacity (50 MWe).
In subsequent phases, investments will include upgrades to the water treatment plant to reach an output of 2.4 million m³/year, and the construction of a 100 MWt geothermal heating plant. Later stages will involve installing 60+ MWe of photovoltaic generation and 10 MWe of wind capacity, along with increasing energy storage to 300 MWh.
“We also plan to implement a 9 MWe/9 MWt cogeneration system to stabilize the power balance and ensure reliable energy supply for our customers. As a Group, we aim to create a regional energy and water hub in Czechowice-Dziedzice, based on the infrastructure of the ‘Silesia’ hard coal mine. The project will use the existing connection network, the Main Power Supply Point, and the industrial heating plant, which will significantly shorten the implementation time and reduce capital expenditure. The investment will create around 100 new jobs in the energy, water, and engineering sectors, strengthening the local labor market,”
adds Kończak.
It is worth noting that Modern Solutions for Environment has already begun work on two projects under MSE-ME1, including the construction of an energy storage facility with a capacity of 50 MW and 100 MWh. Earlier, the company announced plans to build a 50 MWp photovoltaic power plant on post-mining land to generate green energy.
Additionally, in 2023, the mining company “Silesia” sp. z o.o. launched a modern cogeneration installation that uses methane from mine degassing to produce electricity and heat. The CHP plant, consisting of three engines, generates approximately 9 MWe of electricity and 9 MWt of heat.
Source: ceo.com.pl
