Nowa Kompania Węglowa to be created by mid-2016

Nowa Kompania Węglowa, a vehicle that is to replace troubled Kompania Węglowa mining company, will be established by mid-2016, according to deputy energy minister Grzegorz Tobiszewski. The previous government initiated works on the new venture, and the new administration will continue it, although the company will have a different name. "We would like to create a new company with a connection to the energy sector," Tobiszewski stressed. Initially, the new company was to be created by the end of September, however, the state treasury announced that since it "will be formed in a capital structure that will not be questioned by the EC," the entire venture will be delayed. First sketches of the new draft have already been made, according to the ministry.