PIR may involve in Nowa Kompania Węglowa

State-owned Polish Investments for Development (PIR - Polskie Inwestycje Rozwojowe) may invest in the newly formed Nowa Kompania Węglowa (NKW) said deputy treasury minister Wojciech Kowalczyk on Monday. The deputy minister explained that in few weeks, PIR will be operating as a fund manager and the decision about a potential capital involvement will be made by independent investment committees. Kowalczyk did not reveal any details about possible investors of NKW, however the negotiations are ongoing he admitted. NKW is to be launched at the turn of June and July, Kolwaczyk also said. NKW is to be established in line with government's restructurization plan for ailing Polish mining sector. The objective of the PIR is to provide funding to viable long-term infrastructure projects in Poland.