Energa gets PLN 166 mln finding for smart grid project

WSE-listed, state-owned utility Energa signed a co-financing deal with the Energy Ministry for the development of a smart grid, the company said in a market filing. The project, with an estimated cost of PLN 240.6 million, will receive PLN 166.3 million in state funding. “This is a tremendous support when the construction of modern power grids becomes a requirement of the time,” Energy Minister Krzysztof Tchórzewski said in the statement. The project includes installing energy measures that include smart meters, smart appliances, renewable energy resources, and energy efficient resources.