Enron to sell $132 million Nowa Sarzyna power plant

US energy giant Enron, currently facing massive financial difficulties, has decided to sell its EC Nowa Sarzyna power and heating plant in Southeast Pol and. The plant, which took two years to build and cost $132 million, went in to operation last summer. According to Enron Poland head Jarek Astramowicz, "We are observing increased interest in the Nowa Sarzyna plant among potenti al investors. It's natural. In the current situation everybody hopes to get a good price. However, they should not count on Enron getting rid of the pla nt at half price." Although Enron Poland has signed long-term contracts with both fuel suppliers and energy buyers, the company is not yet making any pro fit. "This financial year will close with a result close to zero. Profits wi ll come in six to seven years. By way of comparison, the life expectancy of the plant's equipment is 25 years," said Astramowicz. Interest in EC Nowa Sa rzyna is expected to come from French, Belgian and German investors that are already present on the Polish market. (Puls Biznesu, p. 6) A.K.