Belchatow II announces tender for new power block

Power plant Belchatow II, part of the El Belchatow energy group, is to annouce on January 17 an euro 850 million tender for the construction of an 833 megawatt power block. Both the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) have expressed interest in financing the project. Belchatow II president Tadeusz Banasiak told Puls Biznesu that during the first stage of the tender power plant authorities will focus on the candidates' experience in this type of project and their financial credibility. The results of the first stage of the tender should be announced in early April. The selected candidates will then be asked to make their binding offers. Belchatow II plans to sign a contract with the winner of the tender at the end of 2002. (Puls Biznesu, p. 3) M.T.K.