Energa to invest in Nowa Kompania Węglowa

State-controlled Energa may transfer some of its assets into a special fund managed by the State Treasury, designed to support Nowa Kompania Węglowa (NKW). Utility plans to relocate its minority stake in Elektrownia Ostrołeka power plant along with a project of constructing a power unit within the plant, Rzeczpospolita daily reported. In total, the assets are worth PLN 400-500 million. Nowa Kompania Węglowa is to be established by the end of September and needs to obtain some PLN 1.5 billion worth capital. According to treasury minister, Andrzej Czerwiński talks with potential investors are at final stage and the parties have found "a compromise" way of financing NKW. PGE, Grupa Azoty, KGHM and PKN Orlen were also negotiating with the government regarding the involvement in the special fund.