10/23/2006

German RWE considers building a new plant in Poland

RWE is preliminary interested in building a new power plant next to Konin mine. The investor will soon deliver its offer.

Konin, the lignite mine, plans to build a new energy block next to one of its new opencasts.

“We are considering it quite seriously. Piaski opencast we are planning to launch is not lying close to Patnow I power plant. We would have to transport lignite by cars, which would increase the costs. It is much better to build a new block with capacity of 300-400 MW next to the opencast”, Maciej Musial, Konin mine CEO said.

The mine is looking for an investor because it even lacks PLN 200m (EUR 51.4m) to prepare the cast for exploring.

There should be no problems with investors. On Wednesday, the representatives of RWE, the owner of Warsaw Stoen company, visited the mine.

“RWE said it is preliminary interested in the project. It is going to prepare a written offer. No deadline has been set”, Maciej Musial said.

RWE has said before that it was interested in the acquisition of PAK (Patnow-Adamow-Konin) power plants. The other companies interested in PAK include Czech CEZ, Swedish Vattenfall and Italian Enel.

“Poland is an interesting market for RWE. We are interested in new projects, we are closely watching the development of the energy sector. It is too early, however, to comment on potential specific projects”, RWE Power said.

(PLN 1 = EUR 0.257)

Source:pulsbiznesu.pl



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