Polsat comes to ZE PAK's financial rescue

The only condition set by the Ministry is devising an investment program for the whole power plant, encompassing not only finalizing the Pątnów II investment, but also modernizing other sections of the plant. The cost of the investment would be about EUR 400 million. "For today we have the declaration of the Polsat Capital Group (GKP) to capitalize PAK in order to finalize the Pątnów II investment," said Deputy Treasury Minister Dariusz Marzec. After ZE PAK is capitalized and Pątnów II finalized, the Treasury will start looking for a strategic investor for the plant, as there are now several international companies interested in it. (Parkiet, p. 5) D.W.