Gov't wants state-owned firms to invest in Nowa Kompania Węglowa

The State Treasury has been negotiating with Polish utiities to inject PLN 800 million into Nowa Kompania Węglowa (NKW), a vehicle established after Kompania Węglowa restructurization, Puls Biznesu informed. PGE would have to spend PLN 400 million, Energa - PLN 300 million, PGNiG Termika and TF Silesia - PLN 100 million each. Another PLN 300 million would be invested by a fund created by state-owned lender BGK and Polskie Inwestycje Rozwojowe, according to the daily. Energa admitted that it has been in talks with the ministry, however "it does not see a business justification for financial involvement in NKW" to save the Polish mining. The other companies declined to comment, the daily reported.