Poland's PGE mulls takeovers in power generation industry

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"Our experience shows that it is rather difficult to have attractive acquisitions, we are behaving in a conservative manner, but we do not rule out any option if it is justified and attractive," Woszczyk told a news conference.

The state-run PGE produces most of its electricity from highly-polluting lignite coal. Coal-based power generation has become loss-making in Poland mostly due to low power prices and high emission costs.

Earlier last year, local media reported that French utility EDF (EDF.PA) has launched a sale of its Polish coal-fired heating and power plants worth up to 2 billion zlotys ($507.14 million) and hired law firm Dentons and investment bank Rothschild to help.

($1 = 3.9437 zlotys)

(Reporting by Anna Koper; Writing by Agnieszka Barteczko; Editing by Adrian Krajewski)