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The Warsaw Voice » Business » December 31, 2013
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Blachownia power block project put off
December 31, 2013   
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Power group Tauron and copper group KGHM officially suspended their joint power block investment at the Blachownia power plant in southern Poland citing unfavorable conditions at the electricity and gas markets.

Both companies said in a statement that they express the will to continue the project of a joint power block investment and will continue to monitor the power market and regulatory environment with a view to re-launching the project.

A decision on a potential re-launch of the Blachownia project should be taken by end-2016, the statement showed.

In October, Tauron and KGHM indicated that the deadline for the completion of the Blachownia power block had been postponed to 2021.

Tauron and KGHM set up an SPV to build a combined-cycle 850 MW power block in September 2012. The investment costs were estimated at some PLN 3.5 billion back then and the project was to be put online in Q2 2017.
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