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Treasury to sell 45% of Torun power and heat plants

The Treasury Ministry has announced it has received three bids in the tender for joint sale of two combined power and heating plants, Elektrocieplownia Torun and Elektrocieplowni Energotor Torun, located in the center of the city. The State Treasury is going to sell up to 45% of the shares of two plants, with a combined heating capacity of 470 megawatts and joint revenues last year amounting to zl.74 million. The offer attracted French energy group Dalkia, owned by Vivendi Universal and Electricite de France (EdF); Zespol Elektrocieplowni Wybrzeze from Gdansk, alsocontrolled by the EdF group; and International Water Development, which was described by the Treasury in its statement as a company backed with U.S. capital and registered in the Netherlands. The short list of successful bidders eligible to conduct due diligence later will be announced on June 26th. (Prawo i Gospodarka, p. 4; Reuters) A.D.

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