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Poland’s Energa writes down EUR 200m on coal plant


24 Jul 2020 07:49

24 Jul 2020 07:49

(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…

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