German P & T windmills to blow $130.9m into Poland

German windpark developer P&T Technology announced on Thursday it is considering entering the Polish market shortly by setting up a fully-owned subsidiary. The company expects revenues from its activity in Poland to reach $130.9 million before 2004, with earnings before interest and tax (EBIT) margin of approximately 5%. According to company spokesman Carsten Weimann, the company's affiliate will begin construction of its first windmill in Poznan this year. "We are waiting for legislation which ensures potential investors they can sell wind power for fixed prices. This law should come this year," said Weimann. (Prawo i Gospodarka, p. 4; Reuters) J.K.