Polish Copper KGHM to Help Build Power Plant -Report
24 Juin 2013 - 9:56AM
Dow Jones News
WARSAW--Poland's treasury ministry plans for the copper miner
KGHM Polska Miedz SA (KGH.WA) and a state investment vehicle PIR to
help build a power plant in Opole, Dziennik daily wrote Monday
quoting unnamed sources.
KGHM for years has declared its interest in the energy
sector--it bought a minority stake in Tauron Polska Energia
(TPE.WA) utility, and planned to build a gas-fired plant together
with Tauron.
Plans to build two new coal-fired power units in Opole worth
over 11 billion zlotys ($3.3 billion) hit rocky waters as the
country's top utility, state owned PGE (PGE.WA) decided to scrap
the project due to low electricity prices.
Prime Minister Donald Tusk said last week the government will
find a way to build the Opole plant, which is seen as necessary to
replace current aging power plants.
Write to Patryk Wasilewski at patryk.wasilewski@dowjones.com
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