Investment vehicle PIR to plow up to EUR 40m in cogeneration project with PE fund
June 17, 2014
Poland's investment support vehicle PIR plans to spend EUR 30-40 million on cogeneration heat-and-power plants development in the CEE, a joint project with EnerCap PE fund and PIR's first indirect investment, PIR president Mariusz Grendowicz said.
At least 50% of the means from E3F, a fund managed by EnerCap, will be invested in Poland, Grendowicz said.
EnerCap plans to raise some EUR 100 million for the fund on international markets in Q3 and increase the total to EUR 350 million by end-2015, Grendowicz also said.