PFR to provide PLN 5 bln financing for energy projects

According to the head of Polish Development Fund (PFR) Paweł Borys, the fund has some PLN 5 billion earmarked for financing for energy projects. A single project can be financed between PLN 0.5-1 billion, while debt financing can be between PLN 1-1.5 billion. According to Borys, the biggest energy projects will enter the financing phase in 2018. The flagship scheme being the Ostrołęka C power plant. The Polish Development Fund is one of the key ideas of the development plan authorized by Minister Morawiecki. It will come from merging existing institutions, including the Export Credit Insurance Corporation (KUKE), development bank BGK, the Polish Agency for Enterprise Development (PARP), the Polish Information and Foreign Investment Agency (PAIiIZ), the Industrial Development Agency (ARP) and Polish Investments for Development (PIR).