Kompania Węglowa will build new power plant

  Coal mining company Kompania Węglowa has come to terms with Mitsui to build a new power plant in the town of Wola in Silesian Voivodship. The construction is to begin in 2016 and the entire project will cost PLN 6 billion. This will be the first investment in Poland utilizing "project finance", financed by projected cash flows and not the assets of its investors. The block will produce 1000MW of electricity with an efficiency of 46.2 percent. Czeczott power plant will also lower carbon emissions in the area, claimed a company press release. The plant is to be fully operational by 2019 and it will use 3 million tons of coal per year, as well as produce 7.6 Twh of energy per year.