POLAND CHP
September 1st, 2004
KEITH NUTHALLTHE EFFICIENCY of a combined heat and power plant in Poznan, one of Poland's largest companies, should receive a boost when it is privatised this year. France's Dalkia and the European Bank for Reconstruction and Development (EBRD) are buying an 85% stake in the plant operator Zespol Elektrocieplowni Poznan (ZEC) for Euro 74 million via their jointly-owned subsidiaries Dalkia Termika and PEC Poznan. The remaining 15% of ZEC shares are being reserved for company employees. Under the deal, Euro 31.6 million will be invested in the plant by 2010, ...
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