In Brief: Windmills; Optimus; Onet; Investment Funds; US Steel; Electrabel

The construction of a WINDMILL FARM on Wolin island (near Szczecin) had been completed. The farm's 15 mills will generate 70,000 megawatts of power this year (Puls Biznesu, p. 9) ... For the first time after its split in two part s OPTIMUS posted an operational profit of zl. 22 million in the fourth quart er of 2002. The figure mainly resulted from freeing the company's reserves (Parkiet, p. 5) ... GRUPA ONET consolidated revenues for 2002 dived 5% again st 2001, with its portal company Onet.pl's 12% decline in sales cited as the main factor. (Parkiet, p. 5) ... According to a report by Analiza Online res earch two-thirds of the 116 INVESTMENT FUNDS operating in February closed th e month in the black (Puls Biznesu, p. 7) ... US STEEL, which is going to co mplete due diligence on Polish Steel Mills (PHS) on Friday, reiterated its f irm interest in the privatization of the group. (Puls Biznesu, p. 8) ... Bel gian Electrabel, purchased the remaining 60% of Elektrownia Polaniec, to hol d a 100% stake, and managed to renegotiate the investment program. Instead o f increasing its production capacity it will be able to purchase more energy from the State Treasury. (Puls Biznesu, p. 7) J.K.