December 8, 2016 / 1:36 PM / 3 years ago

Polish Enea, Energa sign deal to build Ostroleka power plant

WARSAW, Dec 8 (Reuters) - Polish state-run utilities Energa and Enea signed an investment agreement to build a 1-gigawatt (GW) coal-fuelled power plant in Ostroleka, north-east of Poland, the companies said on Thursday.

* Earlier this week the companies said their supervisory boards agreed they will jointly build the power plant. The investment is valued at up to 6 billion zlotys ($1.45 billion).

* “The rules of cooperation adopted after signing the Investment Agreement should contribute to the announcement of the tender to select the general contractor for the power unit before the end of 2016 in order to complete the Investment Project in the second half of 2023,” the companies said on Thursday.

* Source text: ($1 = 4.1475 zlotys) (Reporting by Agnieszka Barteczko, editing by David Evans)

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