"Donald Tusk, Poland’s prime minister, said on Thursday his government would go ahead after all with a plan to create the country’s second biggest power station despite the fact that it was scrapped in April by the state-controlled utility responsible, Polska Grupa Energetyczna (PGE), due to sagging energy prices and weak demand.
“We confirm the readiness of the government to build the power plant in Opole… The government will find the funds and a way for this investment to be carried out,” Tusk said at an IPO conference in Warsaw.
PGE’s plan was to build two 900 MW units at its hard coal-fired plant at Opole, southwestern Poland, more than doubling its capacity to 3.3 GW and making it the second largest in the country. PGE, which generates 71 per cent of its electricity at cheaper but more polluting lignite-fired power plants, said the project was no longer profitable after the economy slowed in recent quarters, reducing demand for power and causing energy prices to fall."
'via Blog this'
No comments:
Post a Comment