(Montel) Polish utility Energa reported EUR 200m in impairments on its 1 GW coal-fired Ostroleka C project due to the earlier decision to scrap it.
The state-run utility in May decided not to continue the construction in the country’s northeast due to carbon price increases.
Energa announced the write-down in a Warsaw Stock Exchange message late on Thursday.
The decision to abandon the project came after more than a year of construction and warnings from experts that the plant will not be viable without state capacity subsidies.
Energa is mulling construction of…
