PKN Orlen about to decide on Płock power unit

Poland’s largest oil company PKN Orlen will make a final decision on building a combined cycle gas power plant in Płock in the fourth quarter of this year, the company said on Wednesday. PKN Orlen is now conducting a feasibility study for the project, which would involve the construction of a unit with a power generation capacity of 450-600 MW. The company published its Q3 2014 results on Wednesday. If recorded a consolidated net profit of PLN 538 million and an operating profit of PLN 1 billion. Revenue stood at PLN 29.74 billion. Analysts surveyed by the Polish Press Agency had expected the net profit to be PLN 388 million, the operating profit to be PLN 870 million and the revenue to come in at PLN 29.16 billion.