PGE and ZA Puławy scrap power plant project

Fertilizer producer Zakłady Azotowe Puławy (ZA Puławy) from the Grupa Azoty chemical holding and PGE GiEK, a subsidiary of power utility PGE have withdrawn from a mutual plan to build a combined heat and powwr plant in Puławy, the chemical firm said in a recent statement. The companies have decided to scrap the project due to the lack of long-term support for CHP generation and to the fact that ZA Puławy was unable to settle sales prospects for the future capacity of the plant. ZA Puław and PGE GiEK had agreed to work on the CHP project in May 2011. They will now share all costs that arose from the venture so far.