PGE to launch PLN 11.6bn Opole power project in February
December 9, 2013
Poland’s biggest power utility PGE will next year start work on its project to build two coal-fired 900 MW blocks at the power plant in the southern city of Opole for an estimated at PLN 11.56 billion, according to market filings.
PGE will issue a notice to proceed to the general contractors of the project, a consortium of builders Rafako, Polimex-Mostostal and Mostostal-Warszawa, aided by Alstom Power, on January 31, 2014, PGE and Rafako said in separate market filings of an agreement signed on Friday.
The Opole project was the bone of contention between the Polish government and the fomer PGE CEO Krzysztof Kilian, who said
that the investment was unprofitable.
However, Prime Minister Donald Tusk insisted on the project being re-launched for the sake of the country's energy security.